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PM hits back at labour reform critics, defends 13-hour working days
PoliticsGreek Politicsthat balances flexibility with worker protection. He emphasised that the law includes around 100 articles
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Piraeus Bank profits at 815 mln in 9M, fees income at 489 mln
EconomyBanking2024. The bank has already started the distribution of 2025 profits with a 100 million euros share
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Government fails to break deadlock in dispute with farmers as SYRIZA loses MEP
PoliticsGreek Politicsapp and 100 pct compensation on produce insured through the farming insurance scheme. The ministers
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BoG provides insight into Greece’s housing affordability problem
EconomyFeaturesAbility Index. The index assumes a 25‑year mortgage for a 100 sq.m “typical” dwelling, with a limit of 25
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Mitsotakis distances himself from Israel’s Lebanon offensive as industry warns of energy crunch
PoliticsGreek Politicsinto roughly 100 mln euros a year - plus a 200-million-euro Modernisation Fund aimed at subsidising
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Tsipras issues rallying call to progressive camp as ND slides in polls
PoliticsGreek Politicsof the Golden Visa, blamed for the housing crisis, and a 100 pct tax on properties by non-EU residents
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After Q3 results, what next for Greek banks?
Agoraof circa 2 billion euros through a marketed equity offering with HFSF (controlling 95.2 percent... years with a 2 percent step-up after the 5-year period should preference shares have not been redeemed... exercise, due on December 10 for Alpha, December 26 for National and January 2 for Piraeus
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economyreducing capital needs by 2 billion - the clarification on the inclusion of the capital boost... of 2 billion with press reports noting that 1-1.5 billion could be raised by an anchor investor... or other capital enhancement measures over the next 2 or 3 years without using the backstop facility
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingafter the bank announced in mid-November plans to initiate a capital increase of circa 2 billion... of these shares stands at high levels (10 percent with a 2 percentage point step-up every year after 2014... increase north of 2 billion euros, most likely including the cancellation of pre-emptive rights
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Greek Tourism Association sees tourist arrivals rising to 19 mln for 2014
EconomyMacroeconomythis summer will be August 2, when 760 flights carrying 148,675 visitors are scheduled to land in Greece... visits from Russia and Ukraine, which account for 15 and 2 percent of total and contribute 13 and 2
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