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More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
Economythe imposition of capital controls. The survey was conducted by MARC in the July 21 – 27 period... implications on small businesses from the imposition of capital controls during the first two weeks... small firms were unprepared to address the consequences of the capital controls. In particular, only
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomy’ decision to lower interest rates in the aftermath of capital controls, since the four core banks dominate more than 95 percent of the market. The legislative act on capital controls prohibits... in the succeeding months until capital controls are lifted. Despite the considerable decline in July
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyfor easing capital controls. Stournaras revealed that the non-performing exposure (NPE) ratio... of overdue obligations Capital controls The second issue Stournaras touched upon in his speech to MPs... ease capital controls. The first measure relates to the abolition of the restrictions on “new” money
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Alpha Bank buoyed by 800-mln-euro share capital raise
EconomyBankingAlpha Bank announced on Friday the successful completion of its 800-million-euro share capital.... This is the second systemic bank capital raise after Piraeus Bank last month. It raised 1.38 billion euros... the share capital raise to be able to move to the next phase of balance sheet clean-up by utilising
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Against backdrop of growing energy challenges, PPC capital raise stirs reaction
PoliticsGreek PoliticsPublic Power Corporation (PPC) is launching a capital raise that will lead to the country’s main... Operator (HEDNO), for 2.1 bln euros. The capital raise decision comes against a backdrop of concern..., the PPC capital raise is further evidence that the current government favours private interests
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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomyreflects the negative sentiment due to the capital controls and bank holiday, according to BoG... - the recessionary impact from capital controls, with Greek officials and banks now forecasting a GDP
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Tsakalotos confident on meeting fiscal targets, sees capital controls being gradually relaxed
EconomyProgrammewill be on institutional and growth issues. Asked about the lifting of capital controls, he said... the early repayment of loans. Tsakalotos stressed that the lifting of capital controls is closely linked
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Three months on from imposition of capital controls, some restrictions being relaxed
EconomyThree months after the imposition of capital controls on June 29, the Finance Ministry outlined on Monday the restrictions or relaxations that are currently in effect. Although the daily withdrawal limit for Greek bank customers remains unchanged, there is a gradual return to some kind of normality
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Retail sales nosedive by 8.7 pct in July amid capital controls
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell sharply by 8.7 percent in July, after a 1.7 percent drop in June, the Hellenic Statistical Agency (ELSTAT) said on Wednesday. The July rate is the highest negative reading over the last two years and is largely attributed to the imposition of capital
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Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
EconomyProgrammeof capital controls, which was flagged up by the Bank of Greece governor Yannis Stournaras in a speech
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