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  1. Talks on bailout review head for crucial weekend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    . Meanwhile, the Labour Ministry announced on Thursday that an amount of 859 million from the 2017... estimated the primary surplus would reach 0.63 percent of GDP in 2016 and 1.8 percent in 2017, both

    21%

  2. Newsletter 235 -17/01/2020

    Newsletters

    was 2.82 billion, municipalities spent 1.12 billion, social funds 166 million and 859 billion..., the Hellenic Banking Association said that roughly 60 percent were rejected, and an estimated 30

    21%

  3. Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
    Image: https://flic.kr/p/2nYAi5M

    PoliticsForeign Policy

    and the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya

    19%

  4. EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022

    EconomyMacroeconomy

    The European Commission updated its economic estimates for Greece in the context of the 2021 Spring Forecasts, where the estimates are slightly improved from the previous forecasts in February... estimates assume the relief measures that have so far cushioned the blow on the economy will not be cut

    18%

  5. IMF upgrades Greece’s GDP and unemployment rate estimates
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    to an estimate of a 0.6 percent GDP contraction in the previous WEO. It is worth noting that this is the most... with the European Commission (EC) estimate, while OECD expects Greek GDP to slip 0.2 percent this year... 2.7 percent previously. The government and the EC estimate the Greek economy will recover by 2.7

    18%

  6. Corruption claims, foreign policy missteps impede government’s efforts to build momentum
    Photo by MacroPolis

    PoliticsGreek Politics

    relations with Libya and the submission of two note verbale by the Tripoli-based government... deems not be in line with international law. In the notes, Libya claims that Greece’s maritime agreement... spokesman Stelios Petsas. The centre-right MP called for Athens to “toughen its stance” regarding Libya

    18%

  7. Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
    Image via www.piraeusbankgroup.com

    EconomyBanking

    , on the bank of frontloaded impairments. Commenting on the results, Piraeus Bank CEO Christos Megalou.... Impairments came to 324 million in light of revised macro estimates. The impact on trading results... continue uninterrupted. The total impact on the bank results from the pandemic for Q1 is estimated

    18%

  8. Piraeus announces transformation plan amid 2020 loss of 662 mln
    Image via www.piraeusbank.gr

    EconomyBanking

    Christos Megalou said: “In 2020 we managed to navigate a number of headwinds, achieving significant... estimated reduction of NPEs through securitisions included in the Hercules APS to 19 billion euros after

    17%

  9. Greek pensions laid bare
    Photo by MacroPolis

    Agora

    pensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... and they receive on average monthly pensions of 771 euros. This is below the overall average of 884 euros since

    17%

  10. Piraeus Bank appoints new CEO, ending a long period of uncertainty
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank announced on Wednesday evening that Christos Megalou was unanimously elected as CEO... to reports, Megalou was selected by the bank’s nomination committee as the sole candidate for the post... and Kapodistrian University of Athens and a MBA from Aston University, UK. Megalou has served as CEO at Eurobank

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