Search
-
Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesAegean is the site for the proposed South Kavala underground storage facility, a proposal that was first mooted in the 1990s, but has been held back by cost and licensing disputes. The site is leased... but by the time the proverbial buxom soprano took to the stage in the final act, the global credit crisis had
12% -
New twist in Hellinikon saga as Lamda goes it alone
Economyincrease. Lamda has estimated the total investment in the old airport site will reach 8 billion euros. Just the infrastructure spending on site and in the wider area, which is frontloaded in the early... is in advanced talks with all the Greek systemic banks regarding the required credit lines. Apart from getting
12% -
Cabinet clears marriage equality bill without drama as Tempe inquiry hears grave accusations
PoliticsGreek Politicsvoting after the EP elections. Mitsotakis is claiming the credit for New Democracy making what he... at the crash site and castigated the government for not pursuing the investigation more thoroughly... the inquiry that the site of the accident was backfilled and paved by the regional authority days after
12% -
Newsletter 213 -07/01/2019
for Greek banks. He said this would be accompanied by an application for a precautionary credit... that the centre-right party is considering a precautionary credit line. In a live interview with Alpha TV on Wednesday night, Mitsotakis also distanced himself from the suggestion of a credit line
12% -
Revenues 705 mln short in June but expenditure above target by 961 mln
Economydropping by 18 percent in June from 20.2 percent in May. The absolute figures showed June revenues... the MoF did not comment on the revenue underperformance in June, our understanding that it reflects..., with June revenues estimated at 300 million and the non-receiving of ANFA income of 132 million
12% -
Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
EconomyMacroeconomytarget. The monthly performance showed a primary surplus of 196 million in June following a deficit... shows that revenues (before tax refunds) soared 33.9 percent in June, almost double the growth rate of 15.9 percent recorded in May. The absolute figure stood at 3.97 billion euros in June, which
12% -
Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 24th successive month in June, when it dropped.... In the previous month, it dropped at a similar pace of 2.22 billion euros. June’s figure represents... billion at the end of June, which remains the lowest reading since May 2014. The monthly movement stems
12% -
Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomyGreek banks’ Eurosystem funding rose by 539 million euros month-on-month (MoM) in June according... euro mark. The movements in June fully reflect a rise of 539 million euros in European Central Bank... their balance sheets. Compared to June 2018, Eurosystem funding declined by a total of 7.70 billion euros
12% -
Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.42 billion euros in June compared... worsened by 2.22 billion euros year-on-year (YoY). According to the BoG, June’s performance stems from... in June. The travel balance showed a surplus of 27.1 million, dropping by 98.8 percent in what is normally
12% -
Current account balance turns positive in June thanks to improved services surplus
EconomyMacroeconomyGreece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday. In June 2023, the balance showed a deficit of 731.5... was in 359.3 million euros in deficit, significantly improving from the 922 million euros of June
12%