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Athens buoyed by EU, US support over maritime spat with Turkey
PoliticsForeign Policyon the Turkey–Libya maritime border deal. A common statement adopted by the EU leaders during... on Thursday decided to appoint a special envoy to Libya. This will be Ambassador Christodoulos Lazaris. His mission will be to maintain contact with all sides in Libya in order to closely monitor developments
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A busy year of diplomacy for Athens, but Greek-Turkish ties stagnate
PoliticsForeign Policycountries. But it also accomplished a rapprochement with Libya. Greece’s decision to extend its... was its rapprochement with Libya. That was accomplished with numerous visits by Greek officials, including... for the first time a high-level meeting on Libya on November 12, in Paris. Greece had been excluded twice from
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingto profits of 1.1 million in the previous quarter. As the results revealed, higher commission income... PPI increased by 1.1 percent to 627 million euros. Asset quality The non-performing exposure (NPE... quarters. As mentioned, the target for NPE stock across the rest of the year is for the total to stand
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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturesfor refined petroleum exports with a total of USD 8 billion or 1.3 percent of the global total and 29.9..., followed by Iran (until sanctions in 2012), Libya, Saudi Arabia and Kazakhstan. As of January this year... with the total including indirect employment coming to over 20,000 people. According to the report
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CPI falls by 0.2 pct in Jan, first negative figure since Nov 2016
EconomyMacroeconomyaverage HICP for 2017 was positive by 1.1 percent. The main driving force behind the year-on-year... in miscellaneous goods and services (-2.2 percent), household equipment (-2.1 percent) and clothing... percent) and hotels, cafes and restaurants (+1.1 percent). Month-on-month, the CPI fell by 1.6
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Newsletter 224 -18/10/2019
this year and 2.2 percent in 2020. In the previous WEO, the growth estimate for 2019 was 2.4 percent... surplus over the next three years before a total deficit of 0.5 percent in 2023 and 2024. The IMF... it expects to run a total surplus of 0.1 percent next year. Tax repayment scheme receives strong
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GDP growth slows to 0.3 pct QoQ, investments underwhelm
EconomyMacroeconomymovements in Q3 were led by a rise of 0.1 percent QoQ in final consumption. Investments decreased by 1.1... was revised slightly down to 2.2 pct and is seen at 2.3 pct for 2025. In the latest financial stability report that was published in October, Bank of Greece (BoG) sees 2024 growth at 2.2 percent, and 2.5 pct
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EastMed pipeline close to high-level agreement, but still a long way from becoming reality
EconomyFeaturesas well as Jordan. Cyprus is still backing the building of an LNG terminal at Vassilikos... at the crossroads of a number of major energy infrastructure projects, including pipelines and LNG terminals... important to note that Egypt already has substantial under-utilised LNG export infrastructure, limiting
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Government attempts to offer reassurance against winter energy shortages
PoliticsGreek Politicsas long as LNG continues to be available. Among the reasons behind his optimism, the minister’s statement listed the increase in storage capacity at the country’s only LNG terminal at Revithoussa... stand ready to place additional orders for LNG and pipeline gas via the TAP pipeline
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Newsletter 219 -13/09/2019
contributions, which is set to begin next summer, has an estimated cost of 200 million euros. The total... billion, lower than the figure for the same period last year by 17.7 percent. In June the total stood...-on-month in July, bringing the total to 3.64 billion euros compared to 3.36 billion in June
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