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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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PDMA sets 2020 goals to build on improving conditions for debt
Economy, substantially limiting interest rate risks in the debt markets. With the average maturity of Greece’s debt at 21... percent from 2024 onwards, inflation at 2 percent, an average effective rate on the debt at 3.4.... In scenario 2, which includes early official sector repayment, the new transactions will come to 8
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economymaturity of 21 years makes it the longest in Fitch’s universe and with servicing costs of 6.2 percent... percent below the 2008 level, and rising by just 2 percent in the first nine months of 2019. Fitch sees... of 0.6 - 2 percent, and the IMF’s estimate of 0.9 percent. Fitch welcomes the developments
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Newsletter 249 -08/05/2020
every 1 to 2 weeks. As things stand, Greeks are not able to leave their regions but the government aims... billion euros on April 2, following the Eurogroup decision to waive the fiscal targets of the post... June and will be gradually be phased out as the economy and parts of its sectors resume activity. 2
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Newsletter 277 -11/12/2020
budget (-4 million) and extrabudgetary funds (-2 million). Hospital arrears rose by 10 million MoM... slight 1 million. 2 Unemployment rate at 16.1 pct in Sept Rate for same period in 2019 stood at 16.9... for the same period last year by 21 percent. The month-on-month rise in Greece's new tax debt came
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Newsletter 279 - 05/03/2021
%, with SYRIZA also falling to 20%. Among the 17-34 age group, support for both parties starts at 21... is focussing on the liability side of its balance sheet, with a 500 million-euro issue of subordinated Tier 2... points. The Tier 2 bond issue will bolster the bank’s capital adequacy by about 125 basis points
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Newsletter 335 - 15/04/2022
higher towards 2 pct of GDP, from 1.4 pct previously. Finance Minister Christos Staikouras also... the primary surplus to 2 pct of GDP this year, there is a steep fiscal effort coming in 2023, having... campaign in 2023 offering more tax relief measures, which by some estimates require 2 billion euros
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Newsletter 351 - 16/09/2022
reading: “Diligence, continuity, stability”, Mitsotakis set out a total of 21 interventions, one-off... challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP... to deliver in the region of 2 billion euros of surplus before interest payments. Most such fiscal
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Newsletter 352 - 23/09/2022
: Greece will stick to its commitments and deliver the primary deficit of 2 pct of GDP, although... expected before. The budget impact will be 4.3 billion euros, or 2 pct of GDP, with the Transition Fund... by the ministry - barely moving above 2 pct.MacroeconomyCharts of the weekIndustrial turnover Greece
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicson the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified... for the European Parliament elections next month. Interior Minister Niki Kerameus has stressed
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