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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturesoil to Greece before sanctions cut that line off. A similar event affecting any of the country’s..., and forecasts which don’t see an immediate return to the days of the high prices we once saw, it becomes obvious why Greece needs to wean itself off its export portfolio being led by refined oil products
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From MoU exit to Grexit: Where next for Greece?
Agoraagreement is put off further and Berlin refuses to agree any deal before the end of the programme, this delay will lead to the economic stagnation Greece saw in 2016 continuing in 2017 and carrying over... in a linear way, since the situation was so fragile that even minor shocks threw it off track
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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policy. “Despite the fact that towards the end of the conference we saw more and more of the pieces... the importance of a cooling off period and very much underlined the mental idea that it's up...’s natural wealth. Block 11 is located some 180 kilometers off the island’s southern shores
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek Politicsnot have the spotlight just to himself. Hours after Tsipras set off for the US, where he met... after they saw their party reach a plateau in recent opinion polls, which also indicated that SYRIZA... of the MoU and adopting policies targeted at helping the least well off. Centre-left Greece’s centre-left
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammein the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates... the previous DSA parameter that saw real long-term growth at 1.25 percent and nominal at 3.25... percentage points per year to level off at 2.2 percent by 2025. Market access assumptions were also revised
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Newsletter 170 -13/07/2018
Tsipras’s government this week as it expelled Russian diplomats and saw the disbursement... on Thursday, when it was revealed that eurozone finance ministers had not been able to sign off... in the ensuing months. QE inclusion off the table for now Enhanced surveillance for post-programme
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Budget primary balance confirmed at 729 mln in January
EconomyMacroeconomymillion euros to stand at 65 million euros. Revenues from sales of goods and services were off target... that the Council of State had deemed unconstitutional. This one-off expenditure was supposed to take place until the end of 2018. Conversely, the compensation of employees saw an overspend of 278
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingthey will be required to write off Deferred tax credits (DTCs) corresponding to the accumulated provisions of deferred loans. Legislation will be introduced so that the amount of DTCs written off will be recognised... billion euros. With the drop of NPEs outpacing the deleveraging in the system that saw loans drop
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politics. Unfortunately, we will have to go through the double election process.” Some saw... is sent to the House. This capped off what was seen as a politically moderate appearance by Mitsotakis... of putting off any effort to lower the primary surplus targets. The opposition party also claimed that his
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Growing Greece: From narrative to reality
Agorabringing New Democracy to power with a clear majority, the result, which saw a swing of about 1 million... and improved terms for paying off unpaid taxes and social security contributions. But the election... tax cuts towards the well-off. It appears that most Greek voters are content to allow the government
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