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BoG highlights areas of concern in underlying NPE data
EconomyBankingand dynamics of the most challenging legacy that the crisis has left for the country’s credit institutions.... It describes the reduction that has been achieved to date, with the outstanding amount of bad... governor Yannis Stournaras has been promoting, details of which were also presented in the same report
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New strategic investment framework unveiled, faster licencing and tax breaks promised
EconomyFeaturesDragsakis aimed at fast-tracking investments into Greece. The new framework, which has been put... has shown that Greece fell to number 72 out of 190 economies worldwide. Last year, Greece stood... that investments will increase by 0.8 percent this year. Attracting foreign investments has been cited
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Parties vie for voters' attention as New Democracy prepares for congress
PoliticsGreek Politicsand 100 euros. The government has also broadened the number of civil servants that will receive..., echoing the kind of language that has been used by Tsipras recently as he tries to convince voters..., and that it has the tools and ideas necessary to govern the country. For Mitsotakis
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Fresh reminder about pending reforms for Athens, which remains confident on goals
EconomyProgramme, the completion of key privatisations. He said that only if the lenders are satisfied Greece has... a permit for a casino to operate at the Hellenikon site has been overcome, the tender will be issued... are spending from the fiscal space in the budget in social sectors where Greece has the lowest spending
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Unemployment rate declines to 18.3 pct in Q3
EconomyMacroeconomyof unemployment has fallen under 20 percent. Compared to the same period last year, the jobless rate has declined by 1.9 percentage points (pp) from the Q3 2017 figure of 20.2 percent. The current... the rate fell by 1.2 pps. This group also has the lowest overall unemployment rate at 10.9 percent
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SYRIZA and ND keep name dispute alive as poll shows narrower gap
PoliticsGreek Politicsinterviews with 2,000 people, indicates that the gap between SYRIZA and New Democracy has narrowed since... for SYRIZA. However, support for the conservatives has only increased 0.3 points since the last such survey in June. In contrast, SYRIZA’s backing has risen by 2.1 points during the last six months. Golden
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New court verdict adds to concern about impact of backpay on fiscal balance
EconomyProgrammeAnother court decision on backpay has revived fears that in the months to come the Greek government... panel of judges has referred the matter to the court’s plenary because of the seriousness of the case... of appeals for backpay has been highlighted by the European Commission and the Greek Fiscal Council
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DESFA transfer complete as HRADF heads for record year in privatisation revenues
EconomyFeaturessaid that the 34 percent stake in the company held by HRADF has now been passed to the ministry... for a record year in terms of revenue privatisations in 2018. The fund has reported privatisation... that it has hit its annual revenue target. The sealing of the DESFA deal added an extra 251 million
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Tsipras seen clinching 151 votes as doubts surface about name deal
PoliticsGreek Politicsshocks, Tsipras has clinched the 151 votes he was targeting ahead of Wednesday’s ballot. Earlier... for his potential audience. He will also argue that he has a stronger stance on the Macedonia issue than... the government in the confidence vote, bad blood has been created between SYRIZA and To Potami
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Outstanding tax refunds at lowest level in five years
EconomyMacroeconomythe amount that has been recorded by the IAPR at any point in the last five years. According to data, out of the total tax refunds due in December 2018, 458.61 million euros has been delayed by more than 90 days. Out of the delayed amount, the IAPR has sent taxpayers instructions regarding the next
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