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Commission gives go-ahead for APS to reduce NPL pile
EconomyBankingThe European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books. The Commission concluded that under the proposed Asset Protection Scheme (APS), the Greek state
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Athens encouraged by agreement on EU's Strategic Compass
PoliticsForeign Policyand defence ministers in Brussels, Greek Foreign Minister Nikos Dendias said: “It is particularly... The issue of defence expenditure is a priority for Greece. According to diplomatic sources, the Greek... case for excluding defence spending from deficit calculations. The Greek side will seek to achieve
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Latest criticism regarding human rights, civil society rebuffed by govt
PoliticsGreek PoliticsThe Greek government’s attitude towards civil society and human rights has come under fire from... media reports and complaints by press freedom and human rights advocates that the Greek authorities..., and those who report alleged illegal pushbacks. Lawlor claimed that the manner in which the Greek
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ND unveils steps to address migration issue amid political pressure
PoliticsGreek Politicsinjuries. This came following an increase in the number of migrants arriving on Greek shores in recent... that it is addressing the uptick in arrivals and deteriorating conditions at hotspots. The pressure... conditions at Moria and elsewhere, as well as the alleged ineffectiveness of the asylum procedure appear
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PMI drops to lowest in more than a year at 53.8 pts, but manufacturing remains on solid ground
EconomyMacroeconomyoperating conditions in the Greek manufacturing sector. The overall expansion is the slowest since March... in backlogs since April 2021. “Greek manufacturers indicated a further improvement in operating conditions.... These challenges led to the slowest expansion in the latest 14-month period of growth, Greek
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Newsletter 445 - 13/12/2024
the stops to help Greek households. The socialists attempted to upstage the government ahead of the budget... points to 15.9 pct. Ultranationalist Greek Solution is in third on 8.8 pct. Mitsotakis... ground of Greek politics, an area in which the PM’s dominance seemed unassailable last year. According
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Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
EconomyMacroeconomy. This was the eighth straight month during which the conditions in the Greek manufacturing sector have... February as firms cautiously added positions to support the backlog of work. Greek manufacturers also had... slipping to a ten-month low. "The Greek manufacturing sector lost growth momentum in September
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Travel receipts drop 2.4 pct in Jan following lower foreign arrivals
EconomyMacroeconomy-minute offers during the peak period last summer, according to the Greek Tourism Confederation (SETE... to a 6.9 percent decline in non-residents’ arrivals to 520,400 in January, while the average expenditure per trip rebounded by 4.9 percent to 313 euros. The breakdown of foreign arrivals revealed
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Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
EconomyMacroeconomyrecent figures released by the Greek Tourism Confederation (SETE) showed international arrivals... percent in foreign arrivals, coming to a total of 2.45 million visitors for the month. The average.... The aggregate figure in foreign arrivals increased by 6.8 percent to 5.35 million travellers from 4.58
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Newsletter 94 - 04/11/2016
20 months. Household deposit rate falls Greek households’ new time deposit rate fell by 8 basis... be an oversimplification. There are particular reasons for the Greek economy remaining mired while Cyprus climbs out... the World Bank report, as if to drive this point home and rub salt into the wounds of the Greek
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