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  1. Athens and lenders search for budget compromise by Thursday's EWG
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the Eurogroup’s approval for Greece’s plans, but also because any change to what has been agreed... Expo in September. Over the past few days, it has emerged that the institutions believe Greece... pensions, while also not sacrificing any of the measures promised by the prime minister. This has led

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  2. Coalition optimistic about pension cuts deal as it readies reduction to contributions
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    the Prime Minister’s Office, which accused Ta Nea of publishing fake news. Ta Nea has been a fierce... Marinakis, has soured amid a number of serious court cases involving the businessman, who also owns... has moved out of the MoU era and is able to use the greater freedom available to shape its economic

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  3. Greek tourism building strength but needs to diversify, PWC study finds
    Photo by MacroPolis

    EconomyFeatures

    PWC Greece has released an overview of the Greek tourism industry which analyses the industry’s... that demand for Greek tourism has grown steadily since 2012, but remains concentrated across the summer... spend has remained constant, which could be attributed to stays in Airbnb properties since spending

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  4. A European intelligence school led by Greece and Cyprus?
    Photo by Manolis Tsafos/Fosphotos

    Agora

    countries, on air, land and sea. It has been signed by all EU states except Denmark, Malta... nuance has been added to these statements since then, the fundamental idea is that of a more coordinated... training center” will be overseen by Greece and Cyprus has led to sceptical, if not amused, reactions

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  5. Retail turnover increases by 4.9 pct in September, volume rises 3.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    has remained positive for seven straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew... has been the only month this year that the volume index fell into negative territory. Compared

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  6. Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
    Photo by MacroPolis

    EconomyBanking

    in which NPE formation has declined. The bank reported that across the last 12 months, NPE reduction has... was 153 bps over net loans versus 151 bps in Q2. The bank notes that it has around 23 billion in real... in new loan generation has been budgeted for 2018, and the bank reported that it was on track

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  7. After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyProgramme

    settled most of the legislation relating to the “positive measures” it has promised voters..., Greece has approximately 8.8 billion euros in bonds maturing in 2019, while the repayments to the IMF... in the final budget, the finance ministry has earmarked over 9 billion euros from the cash reserves

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  8. Name deal uncertainty set to continue despite ANEL attempt to clarify stance
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    . In reality, Tuesday’s meeting cleared up very little apart from the fact that Kammenos has... in favour of the settlement with Greece’s neighbour. However, there has been speculation over the last few... is aware of the difficulty Theodorakis is in and has ratcheted up the pressure over this issue since Zaev

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  9. Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , the Bank of Greece's (BoG) monthly financial statement has revealed. As of the latest month, the total... euros. Since the start of the year, Eurosystem funding has declined by around 21.45 billion. November’s... funding has been steadily falling, with the latest reduction coming on November 7, when the ECB

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  10. Mistrust of politics grows as army and police gain favour, survey indicates
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    A survey by polling company Public Issue has illustrated the changing trends in how Greeks feel... and the army has grown in recent years from a low in 2011 when trust in the army and police came to 70 percent... parties has been consistently low across recent survey years. In more than one survey, Greeks have

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