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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeatures, the analysis found that the increase in the banks’ capital adequacy ratio by one percent correlates... have maintained strong capital adequacy, will act as the second important line of defense against
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economyinstitutions could help bridge the transition towards recovery in 2021. Gross fixed capital formation... pct, gross fixed capital formation to decline by 4.6 pct and exports of goods and services to drop
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Govt and opposition stake out positions on pandemic impact measures
PoliticsGreek Politicsthe state and would have inclusive terms, allowing access to working capital for small businesses... that he intended to exhaust his political capital and be judged at the end of his term. The prime minister
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Athens "Great Walk" plan scaled back amid criticism
PoliticsGreek Politicsof the Greek capital’s lockdown coupled with the cost of the pilot phase of the project, resulted in a major... of Panepistimiou Street, one of the major avenues of the capital which has been the subject of several proposals
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OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
Economy, respectively. Having been in negative territory for the preceding years, gross fixed capital formation... severe liquidity restraints. “Further actions should be prepared now to strengthen banks’ capital
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingtheir balance sheets and, equally importantly, to deal with the issue of capital quality. According to the latest available data, despite the system’s decent capital adequacy ratios that stood at 16.3
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
EconomyBankingAlpha Bank entered an agreement with US investor Davidson Kempner Capital Management for a deal worth about 230 million euros that moves it towards completing Europe’s second-largest rated NPE... capital adequacy ratio will be about 280 basis points. Under the terms of the agreement, Davidson Kempner
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Greece set to reopen embassy in Libya as it seeks better ties with Tripoli
PoliticsForeign PolicyGreece is due to reopen this Tuesday its embassy in Libya's capital Tripoli, which has been closed since 2014 amid the civil war that has torn apart the North African country. Prime Minister Kyriakos... the Greek embassy in Libya’s capital and a consulate office in Benghazi. In the meantime, Foreign
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Disposable income rises 0.8 pct in Q4 2020; consumption falls 8.9 pct
EconomyMacroeconomyin Q4. In the non-financial corporation sector, gross fixed capital formation amounted to 2.3 billion... capital formation divided by gross value added) increased to 17.8 percent from 16.7 percent in the Q4
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Household disposable income jumps by 5.1 pct in Q1
EconomyMacroeconomy, gross fixed capital formation amounted to 2.5 billion euros in Q1, while the gross investment rate of the sector (defined as gross fixed capital formation divided by gross value added) increased
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