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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
EconomyMacroeconomyGreece’s trade deficit continued its sharp decline in May with a 15.7 percent year-on-year (YoY.... The deficit came to 1.96 billion euros for May. Imports totalled 7.04 billion euros, up by 7.8 percent YoY. Exports totalled 5.07 billion euros, rising sharply by 20.9 percent. In May last year, the trade
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Building activity eases in May with marginal 0.8% YoY drop
EconomyMacroeconomyBuilding activity went into negative territory in May, with a marginal drop of 0.8 percent year... by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in May reached 2,695, from 2,717 in May 2025. The corresponding surface area saw a rise of 4.2 percent YoY, while
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EC report analyses state of play with privatisations as HELPE hits obstacle
EconomyFeaturesday that the EC released its document, it emerged that no binding offers had been received... with Algeria’s Sonatrach after they were shortlisted for the tender. However, in the event, no binding bids... in the international environment that affect the consortia, there were no binding offers submitted
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Greece's antitrust damages initiative comes into force
Legalof the competent Greek and EU review courts, are binding before a Greek court trying an action for damages... in proceedings related to an action for damages, the court may order the other party or a third party to disclose.... Disclaimer All rights reserved. No part of this publication may be reproduced or transmitted in any
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How Greek banks moved into a new era
AgoraThe core Greek banks reported first quarter (Q1) results in the last three days of May. The release... was estimated at 5.8 billion under the binding baseline scenario and at 8.8 billion under... in May 2009 as state aid under the law 3723/2008. At the time, the Greek state issued a special
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ECB stress tests and what they will mean for Greek banks
Economyand the dynamic model) will be the binding figure for Greek banks. Local media and market sources have recently indicated that Greek banks capital needs may top 1.5 billion euros, a figure that most likely refers to the outcome of the dynamic approach. This figure may also incorporate the positive impact
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Snap elections in Greece: The scenarios ahead
PoliticsGreek Politicsthat beyond their opposition to austerity policies there is not a lot binding them. It is questionable... is difficult to imagine at the moment and may require a renewal of personnel or change in leadership..., as happened in the summer of 2012, when polls were held in May and June. As mentioned in the previous
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economylegally binding, according to reports. The initial decision was already in effect for the three T... billion euros on the amount of T-Bills Greek banks may use as collateral for ELA (and previously for ECB... bonds), which for legal purposes was received by the HFSF as a fee. In addition, the state may also
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Newsletter 29 - 05/06/2015
in 2018. The new targets are lower than those in the current memorandum (which were binding... of these reasons, snap elections may seem like a good way out of Greece’s predicament in theory but they would... by 1.5 points in May, reaching 48. However, data showed a further decline in output, with new orders down
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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingfigure could be in line with market expectations, the individual bank capital needs may prove more...-plus-baseline capital needs and the higher figure that would stem from the adverse – possibly binding..., the initial voluntary may turn into a mandatory exchange securing Piraeus capital strengthening
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