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Conference on Cyprus: foot-dragging towards a dead end
Agora. This will most probably happen through a numerical formula. For example, seven Greek Cypriots to three.... More importantly, bi-zonality means that there will be two constituent states – one Greek-Cypriot... belongs to Greek Cypriots, it is unavoidable that some Greek Cypriots will not get their property back
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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 24th successive month in June, when it dropped... as the ECB announced on June 8 that the ELA ceiling for Greek banks would be reduced further by 1.1... by the ECB on July 6, reflecting “developments in the liquidity situation of Greek banks, taking
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Movement on name issue but Athens keeps expectations low
PoliticsForeign Policyoptimism among its Western allies. Athens, however, does not share the same hope even though the Greek... is Greece’s best neighbour. According to Greek diplomatic sources, the strategy of the new FYROM government... and following the country's NATO accession to begin negotiations over the name issue. The Greek side does
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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 25th successive month in July when it declined... been anticipated as the ECB announced on August 3 that the ELA ceiling for Greek banks would... situation of Greek banks, taking into account private sector deposit flows,” the BoG noted. On a year
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Study shows 341 mln a year in tax lost from short-term rentals
EconomyFeaturesin the Greek hotel industry for better regulation of short-term rentals which they say attracts... and 6.8 percent. The effect is overall lower profit margins in the Greek hotel industry. Grant... to be above 1.7 billion euros this year. This figure represents a notable loss of revenue to the Greek state
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Newsletter 134
to keep meeting ever-increasing tax bills. The draft budget also outlines the Greek government’s... current programme in August 2018, the Greek government will base its efforts for a clean exit... that the government will attempt to build cash reserves by tapping the markets again. The Greek government
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NBG steps back into markets with 750 mln covered bond issue
EconomyBankingThe National Bank of Greece (NBG) has become the first Greek bank to venture back.... The sale marks the first time a Greek bank has sold a bond on the international markets since 2014. There has not been a covered issue by Greek banks since 2009. The bond issue attracted over 2 billion
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NOME auctions: amendments to legal framework for electricity market liberalisation
Legalto the Greek Day Ahead Market of the electricity quantities acquired in the Forward Products Auctions... have not fulfilled this retroactively defined and assessed criterion of 30 percent use in the Greek... of the free access of suppliers in the Greek electricity market in compliance with EU rules. In particular
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A year of risk and reward for Greece
Agorathe bailout era. The next bond issues are due to take place against a backdrop of a recovering Greek economy.... An agreement on the restructuring of Greek debt will not have an immediate or discernible impact... than a precautionary credit line. However, regardless of the financial mechanics, the Greek economy
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Name talks enter crucial phase as Athens prepares to share draft "pact"
PoliticsForeign Policyand Skopje. The draft of the so called “pact” has been compiled by a group of experts at the Greek Foreign Ministry and has been handed to the government for approval. The Greek government is expected... years that a Greek official will travel to Skopje in this way. “We think it would be good to hold
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