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  1. Card transactions in Greece experience boost due to capital controls

    EconomyBanking

    was observed also for the number of transactions per Greek after the introduction of capital controls. Card transactions went from eight transactions per person per year in 2014 to 47 in 2017. Capital... days. A set of relaxations announced in August raised the amount to 1,800 euros per transaction, along

    5%

  2. PWC report finds Greek fire damage above average despite lower incidence

    Society

    , Greece had below the average number of fires per 1,000 hectares of non-urban land but the largest area burnt per forest fire, at 27.94 hectares compared to an average of 11.42. The majority of fires... the average burnt hectares per fire. In contrast, Portugal suffers from more frequent fires

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  3. Covid-19 lockdown, slump suppress electricity demand and edge out lignite
    Photo via PPC https://flic.kr/p/9qi65R

    EconomyFeatures

    averaged 28.5 euros per MWh, and was the lowest in the past four years. This puts it 15.14 euros per MWh... euros per MWh. Lignite is by far the costliest fuel in the Greek electricity mix at present. A 2014 study commissioned by PPC found that Greek lignite generation cost around 60 euros per MWh, a figure

    5%

  4. Bulgaria's Covid-19 vaccination fiasco: excessive risks, mediocre results
    Photo via https://flic.kr/p/2kg4WTZ

    Agora

    of the price of the EU’s and Bulgaria’s vaccine portfolios. If EU’s portfolio cost about 11 EUR per dose, Bulgaria’s would be 9 EUR per dose. I guess the “savings” of 2 EUR per dose (18%) is indicative... date, Bulgaria was the 2nd country in the EU by new confirmed deaths per million people on a rolling

    5%

  5. Where is Odysseus? Part 5 - Productivity
    Photo via https://flic.kr/p/2cusZTV

    Agora

    are disappointing. Real GDP per employee in Greece is growing less quickly than in Odysseus’ Plan of 2018... efficient are the workers in a country to produce real GDP? After all, productivity determines per-capita... calculate the path for real GDP per person employed. That is average labor productivity. Figure 3 presents

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  6. Where is Odysseus? Part 6 - Potential real GDP
    Photo by MacroPolis

    Agora

    and bigger recovery of Greece. In blog 20, however, we documented a glitch, because productivity per... for average productivity per employed person, also with a high and low scenario alongside the baseline... with the average expected productivity per employed person, to build a baseline scenario for long-run real GDP

    5%

  7. Minimum wage increase crashes against reality of Greeks' low purchasing power
    Photo by MacroPolis

    Agora

    clashed with the latest data released by Eurostat concerning per capita GDP in the EU in purchasing... that will take the gross wage to 880 euros, paid out in 14 salaries per year, was initially... in 2022 due to the Ukraine conflict and the energy turbulence. Per ELSTAT, housing costs are up by 22 pct

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  8. European Commission review of Greek programme: The key points

    EconomyProgramme

    estimates privatisation revenues in excess of the 3-billion mark per annum as of 2016. The updated plan.... For these projects the launch of tenders are scheduled fpr 2014 and the submission of binding offers

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  9. ECB tests find negligible capital shortfalls at Greek banks
    Photo by MacroPolis

    Economy

    tests scenarios, but only the shortfall showed in the AQR. The more detailed figures per bank, under... the AQR, the baseline and the adverse stress-test scenarios. For Greek banks, the binding scenario

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  10. Greece sets out plans for settling SME NPLs; mortgages to come

    Economy

    are up to 500,000 euros per SME qualify for the scheme. The applied haircut would exceed 50 percent... at this point, whether the proposed settlement is binding for the new minister. Bank sources indicate

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