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Minister pledges swift resolution as public anger over rail crash mounts
PoliticsGreek Politicscould be met, with a reduced service potentially commencing by the end of the month. Gerapetritis... list, after he was suspended for signing off a railway supervisor implicated in the crash on sick leave a day after the incident. It will, however, be difficult for the ND administration to shrug off
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ND poll losses reignite discussions of post-election coalition
PoliticsGreek Politics, as polls suggest the public are not prepared to let Mitsotakis and New Democracy off the hook.... At the time, party leader Alexis Tsipras had signalled that he would recommend Polakis be struck off... underlined the need for unity in the service of electoral victory.
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Services sector turnover deteriorates in Q2
EconomyMacroeconomy. The quarter on quarter (QoQ) evolution also displayed mixed trends. Six service activities posted... administrative and support as well as information service activities recorded a nosedive of 64.6 and 45.2 percent respectively. Over the last four years, just two service activities posted a considerable
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Newsletter 316 - 12/11/2021
by 338 million euros due to once-off item of the first instalment of the RRF that is now due next year... largely intact as the opposition party also experienced a 2-point reduction, dropping to 18.3 pct... and public services with a negative test. Also, in a bid to get more elderly Greeks to come forward
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Newsletter 341 - 10/06/2022
again, and that ND would be better off seeking a fresh mandate before these developments have an impact.... For reference, in the first quarter of 2020, which only experienced minor disruption due to the pandemic, GDP... contraction was led by a drop in services exports, which decreased by 5.4 percent QoQ. Exports of goods
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Record year for Greek tourism raises concerns about sustainability
EconomyFeatures. Overtourism The traffic figures suggest that the shine may be coming off some of the emblematic destinations... in 2022, according to the Civil Aviation Authority. Some marquee destinations, however, experienced.... The Bank of Greece, which compiles statistics on travel services, reported that over the course
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingand the NPE clean-up in the form of loan securitisations and sales. Excluding one-off items, the pre...) in 2021 was 1.59 billion euros, nearly doubling from the 809 million euros of 2020. Excluding one-off.... Impairment charges came to 4.3 billion euros, compared with 1.32 billion euros in 2020. One-off items
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First general strike an awkward but telling moment for Tsipras
PoliticsGreek Politicsand reforming the pension system. The government has held off on announcing any plan for pension reform...Alexis Tsipras experienced his first general strike as prime minister, rather than opposition.... For Tsipras, the concern will be that this general strike, which led to most public services in Athens
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Tsipras pledges array of tax cuts, hopes for break on pensions
PoliticsGreek Politicsbrushed off concerns expressed by the Hellenic Federation of Industries (SEV) about the increase... aimed at reversing the brain drain Greece experienced during the crisis by assisting the creation... of the armed forces and emergency services, as well as other groups of civil servants, such as judges
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Newsletter 254 -19/06/2020
. Mitsotakis expressed his conviction that Greece would experience a strong economic recovery in 2021.... Loans under CSFs rise 30.9 pct QoQ Turnover in services shows deterioration in Q1 The Bank of Greece’s... proprietors (18 percent). A breakdown revealed that in Q1, the total for loans serviced by CSFs came to 30.82
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