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Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek Politicsthe effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks... to counterbalance cost-of-living rises. Officials in the Finance and Energy ministries have been working... for natural gas. Industry sources, however, estimate that wholesale cost rises this month will leave
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Govt eyes own energy package if EU fails to approve joint action
PoliticsGreek PoliticsRecognising that the cost-of-living crisis is its Achilles’ heel at the moment, the Greek... that the cost-of-living is the biggest issue on voters’ minds and that most Greeks feel the measures taken... subsidies. The reported cost of such a scheme varies, from 2.5 billion euros to as much as 6 billion
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Changes to energy subsidies aimed at winning over middle class
PoliticsGreek Politicsto disassociate his government from the cost-of-living crisis. He explained that the war in Ukraine has been... scheme for this month and June would cost 900 million euros. This will mostly be covered by money from the Energy Transition Fund. The handouts of up to 600 euros will cost 280 million euros, which
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Newsletter 400 - 03/11/2023
is evidence of how sensitive the government is to the cost-of-living issue, which it sees... are “very” worried about the cost of living, while another 23 pct are “quite” worried. Among..., according to 46 pct of respondents, followed by the cost of electricity (23 pct) Over the past
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Newsletter 408 - 19/01/2024
PoliticsSame-sex marriage dominates, cost-of-living measures adoptedEven before the details... that the public does not see marriage equality as an important issue when compared to the cost of living... it to be of no importance. The government is aware that concerns about the cost of living outstrip any other worries among
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Water shortages a growing concern as government warns bills could increase
PoliticsGreek Politicsnetworks, while major projects to meet the capital’s needs look set for delays and further cost..., will have to contribute to the cost of the projects through customer bills. The ministry’s general... to be increased to reflect the cost of the necessary works. The proposed solution would involve extending
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Mitsotakis delivers major tax-cut package as he seeks to stay course for another term
PoliticsGreek Politicscost of 1.76 billion euros in 2026. It will rise to 2.46 billion in 2027, essentially taking up that year’s fiscal space. The tax scale interventions will cost 1.2 billion in 2026 and 1.6 billion in 2027. Changes in taxation of the self-employed have a fiscal cost of 400 million euros, booked mostly
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Newsletter 499 - 20/03/2026
as an imminent end to hostilities does not appear to be in sight.EconomyEnergy crisis and cost-of-living squeeze... and his advisers are acutely aware that the cost of living and the government’s economic record remain... reached 2.8 million households, at a total fiscal cost of 251 million euros. However, interventions
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After Q3 results, what next for Greek banks?
Agora, while at the same time confirming expectations of a domestic net interest income (NII) rebound, cost... be provided by the recent ECB rate cut, which is expected to further lower their funding cost by a total 180 million. Cost containment was the second positive element of pre-provision profitability
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankinghigher deposit NII on deposit spread improvement by 20 bps and lower funding cost. In contrast, loan... interest margin (NIM) reached 2 percent. On the cost front, operating expenses remained almost flat QoQ... percent decrease in personnel and administrative expenses respectively. Cost to income ratio
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