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  1. Athens waits for EU recovery fund outcome as new Mati fire claims emerge

    PoliticsGreek Politics

    response to an “unprecedented” crisis. He warned that any compromise should not “water down” the proposal... to the headline number of 750 billion also being brought down slightly. Based on the European

    2%

  2. PM forms panel to come up with strategy for use of EU recovery funds

    PoliticsGreek Politics

    , Deputy Justice Minister Dimitris Kranis announced that he is stepping down. Reports suggested that he... directed at him by a particular media group. Recently, Gerrasimos Thomas also stepped down as deputy

    2%

  3. Piraeus Bank posts pre-tax losses of 215 mln in H1
    Photo by MacroPolis

    EconomyBanking

    of the year, which the bank said covered increased credit demand. Deposits in Greece edged down to 45.5... million euros. In Q2, operating expenses came to 255 million, down by 14 percent YoY and 1 percent

    2%

  4. H1 results for Greek corporates show signs of pandemic biting
    Image via www.gekterna.com

    EconomyCorporates

    . Adjusted EBITDA stood at 82 million, down by 27 percent. When including restructuring costs... down by operating sector, in retail home furnishing and accessories activity (namely IKEA stores

    2%

  5. VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU

    EconomyFeatures

    (a decrease of the VAT Gap by 3.1 percentage points down to 30.1 percent). However, it is projected... it stood at 30.5 percent, before edging down very slightly to 30.4 percent in 2014. It rose to 33.1

    2%

  6. Landmark Golden Dawn verdict welcomed by parties, obscuring underlying divisions
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    in a democratic system it had pledged to bring down. However, the conviction of so many key Golden Dawn officials..., with the then justice minister and current Foreign Minister Nikos Dendias leading the effort to bring the law down

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  7. Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
    Photo by MacroPolis

    EconomyBanking

    that bad loans would reach 10 billion due to the pandemic were revised down to 5 billion... will also be included, however, instead of cash it will gradually write down the deferred tax

    2%

  8. Current account shows surplus of 79.7 mln in August
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    balance came to a surplus of 1.61 billion, down by 63.8 percent YoY. The travel balance showed a surplus... according to these figures. Travel payments came to 54.1 million, also down 76.6 percent. Total

    2%

  9. Latest market foray for 15-yr bond attracts strong investor interest with record low yield

    EconomyBanking

    euros that tightened the initial price guidance to 130 basis points over mid-swaps, down by 5 basis... runners to revise the guidance down to 125 basis points. By afternoon local time, the book closed

    2%

  10. Govt scurries for effective Covid-19 response as opposition finds more holes to pick
    Photo by MacroPolis

    PoliticsGreek Politics

    the businesses that will have to close down from Tuesday in the high-risk areas of the country as part... for the businesses that will have to close down because of the new, month-long interventions. Employees

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