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Athens eyes multiple benefits from joining China-backed 17+1 initiative
PoliticsForeign Policycalled 16+1 group, becoming the 17th member of the collective. The Dubrovnik meeting last Friday... clearly expressed his intention to join the 16+1 group (11 participant states are EU member states... of what will be called from now on the “17+1 initiative,” a significant step for the summit
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CPI rises by 1 pct in April
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 1 percent in April following a rise of 0.9 percent... percent, from 0.8 percent in the March rolling period. Month-on-month, the CPI in April rose by 1 percent...-on-month, the HICP showed an increase of 1 percent. The overall CPI increase on an annual basis was driven
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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankinghalf in H1 to 0.5 percent, down from 1 percent a year ago. P&L Net interest income (NII) came to 1.05... in H1 2023. Eurosystem funding dropped further to 1 billion euros of TLTRO III, with the remaining 1
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Is Greece on track to decouple from fossil gas?
Agoragas imports were literally null (Figure 1). Figure 1: Russian gas imports from the Turksteam pipeline... decreased by 4.02 TWh, followed by industry (-3.37 TWh) and distribution networks (-1. 3 TWh). However... by the consumption cuts in distribution networks (approximately 1 TWh, or -8.1%), and more significantly
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Newsletter 314 - 29/10/2021
building process for the issuance of a 500-million-euro Green Senior Preferred Bond with a 6-year... will use it to enhance its 1.7-billion-euro green financing portfolio with new loans or refinance... of new bond issues and 2.2 billion euros of new share capital raises. Alpha Bank and Eurobank issued 1
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Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
EconomyMacroeconomylow of 400-500 million recorded in April and May. The first-half target of legacy debt payments of 1... at 994 million. The MoF aims to collect an additional 1 billion euros in the second half of 2014, which
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Greek banks' Eurosystem funding rises again in November, up by 1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the second straight month in November, when it rose by 1 billion euros, according to the Bank of Greece's (BoG) monthly financial statement on Wednesday... from 43.85 billion in October. This reflects a 1 billion rise in main refinancing operations, while
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyGreece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG). In absolute terms, travel receipts were up... a rise by more than 1 billion YoY. As already evident in previous months, the double-digit growth
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CPI tumbles by 1 pct in July
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) dropped at an accelerating pace of 1 percent in July after a 0.7 percent decline in June, Hellenic Statistical Authority (ELSTAT) data showed on Monday... and services posted a change less than 1 percent from the previous month’s level. Greece remains
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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomyGreece's current account (C/A) surplus almost doubled to 1 billion euros in June from 508.9 million a year ago, Bank of Greece (BoG) figures showed on Thursday. The year on year improvement by around..., while exports fell by around 1 billion to 11.6 billion. As a result, the goods’ deficit fell
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