Search
-
Gucci and Greece’s lost photo opportunity
EconomyFeaturesRecently, the Greek authorities were approached by fashion house Gucci for permission to hold... to make them look like the Greek capital, leaving behind furious fans, millions of euros in lost revenue... including musical scenes shot in the Swiss Alps in his movies. The trend took off, and soon any Indian
3% -
Key obstacles remain in bailout negotiations for pressured govt
PoliticsGreek Politicsof GDP), for the Greek side to be able to adopt some of the fiscal counter-measures it has identified..., it should also be considered that the Greek government has every interest to talk up the progress... of the institutions was put off, though. The latest GDP figures, which showed that the economy remained flat
3% -
EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyThe recovery of the Greek economy is expected to restart this year, largely on the back... in investments is dampened by the constraints Greek banks face in financing investments. Services’ exports... in underlying tax bases and a number of one-off factors related to clearing previous years’ tax
3% -
NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingof trading and other income, which included a one-off gain of 150 million euros related to the sale... mostly due to the annual revaluation of Greek residential real estate values for 2016 price... by 800 million QoQ to 39.7 billion. Outflows in the Greek market reflecting adverse seasonality
3% -
Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
EconomyMacroeconomyGreek banks continued meeting their non-performing exposure (NPE) reduction target in the first... by the Bank of Greece (BoG) on Tuesday afternoon. However, they were slightly off-target for non..., Greek banks submitted their operational targets to the Single Supervisory Mechanism (SSM) of the ECB
3% -
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
EconomyMacroeconomy-operation and Development (OECD) notes that the Greek economy is starting to recover and its fiscal... and has kept Greek government bond yields at high levels. However, the preliminary agreement reached... of improvements in tax compliance and one-off revenues from tax arrears. Going forward, the OECD
3% -
Collapse of Cyprus talks, "Justice March" raise risk of offshore drilling standoff
Agorathe leaders of the Turkish and Greek Cypriots were due to hold talks in Crans-Montana, Switzerland, in what... exploratory activities off the coast of northern Cyprus, which could not only trigger a confrontation with the Cypriot government but potentially also draw in the Greek navy and escalate into a major
3% -
Athens forced to consider shelving market access plans for now
PoliticsGreek Politics“in principle” on Thursday the organisation’s participation in the Greek programme, it emerged... would have given Athens around 10 billion euros more in leeway. It was suggested that the Greek... of Greece governor Yannis Stournaras last week that Athens would be better off pushing through a couple
3% -
I know what you did the summer before last
Agoraif Greece left the euro, apart from Greece. Searching for secret plots now seems an absurd way for Greek... a series of amateurisms driven by woolly thinking. This is a question that the Greek political system... the weaknesses that led to much of the country sticking its fingers in its ears and blocking itself off
3% -
Georgiou conviction may test relationship with lenders
PoliticsGreek Politicsat the International Monetary Fund for the first few months that he held the post at the Greek... that today’s ruling is open for appeal on legal grounds before the Greek Supreme Court.” The concern among... into concerns about the independence of the judiciary, with the government recently trying to fight off
3%