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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Economyis significantly higher than the 4.3 pct estimate in July last year when it published its previous review... 36.3 pct. The current rating at ‘BB’ also reflects strengths on high per capita income and strong... that Fitch estimates at 18 pct of GDP at the end of 2021. The agency highlights the significant progress
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Greek banks on cusp of improved liquidity conditions
Agora, banks would benefit by an additional NII amount of 14 million euros per year on top.... This makes it tricky to make any accurate estimate regarding the amount as well as the timing of deposits... is estimated to have a positive impact on banks NII of 200-250 million euros on an annual basis under
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Newsletter 221 -27/09/2019
with the European Commission’s current estimate of 2.2 percent growth, and 2.1 percent for this year... to roughly 5.7 million visitors during the month. The average expenditure per trip rose by 8.9... will be hit particularly hard. The Greek Tourism Confederation (SETE) estimated that the economic losses
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Newsletter 233 - 20/12/2019
of the shadow economy in Europe and estimate its size. It found that the shadow economy mostly declined... a strong inverse relationship to per capita income. One of the Washington-based organisation's main... outlay is estimated at 175 mln euros. The adoption of the 2020 budget will mark a small pause
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Newsletter 247 -10/04/2020
’s permanent ICU capacity, which currently stands at half the European average per head of population... benefit beyond the current 45 days. Officials estimate that 8 in 10 salaried staff will be eligible... that the tourism industry globally finds itself in unchartered waters. He estimated that it would take up
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Why is it taking so long for the pandemic to end in North Macedonia?
AgoraMacedonia, which is one of the countries with the highest COVID-19 mortality rate per million inhabitants... estimate that 32,769 people would have died if there was no pandemic. Which means that about 9,300 more...At the beginning of the pandemic, we estimated that it would probably last for two years. Today
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Newsletter 458 - 04/04/2025
. Mitsotakis said the government intends to keep its promise of raising the basic salary to 950 euros per... to the US, while agricultural and food products were close to 31 pct. In an estimate last month, Bank.... It is estimated that over 400 billion euros of EU exports to the US will be affected by the newly
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Migrant boat tragedy forces temporary halt on election campaigning
PoliticsGreek Politicson Wednesday. The sinking of a fishing boat believed to be carrying migrants from Libya to Italy has claimed 79 lives while 104 have been rescued, however estimates of the total number on board range between
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomy: The Greek government and the troika estimate a GDP rebound by 0.6 percent with BoG and Fitch Ratings... decelerating from the 3 percent drop posted in the third quarter, according to flash estimates... similar trend (low double-digit drop) over the past three quarters. ELSTAT’s latest flash estimates
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Fires cast growing shadow as new shipwreck probe is announced
PoliticsGreek Politicsof migrants travelling from Libya to Italy drowning in the Mediterranean, off the coast of Greece... are estimated to have lost their lives in the shipwreck. Another probe, this time initiated from
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