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For Greek banks, it's business as unusual
Agoratheir current account deposits as much as possible. Nobody wants to be caught off guard with too much liquidity in their bank accounts if and when current speculation about a bail in may become the harsh... alternatives available via foreign bank accounts. * In anticipation of possible soft “bail in” legislation
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OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
EconomyMacroeconomy, pharmaceuticals and tourism. The last five areas account for less than 1 percent of total administrative...), company law and annual accounts, and public procurement. The OECD says that the European Commission... proportion (18 percent) stems from company law and annual accounts with estimated administrative burdens
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomyand work in progress as well as compilation of own account software. c) A minor negative impact of 119...The Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than
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Is there (sustainable) growth in Greece?
Agora, and it is expected that in 2014 it will account for approximately five percent.[1] But this emerging..., according to the Association of Greek Tourism Enterprises (SETE). Tourism now accounts for about...). [2] Russia accounts for roughly 25 percent of Greece’s peach production and approximately 50 percent
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Committee of wise men proposes drastic changes to Greece's pension system
Economy. The basic idea is that each worker’s contributions are accumulated in a personal account, comprise... on individual notional accounts with pay-as-you go notional defined contributions. There would be also... of notional accounts allows elastic retirement, subject to the insured choice above a specific retirement
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Newsletter 95 - 11/11/2016
into account that the smooth cooperation between the NBG BoD and the controlling shareholder... production by 2.2 percent, which accounts for 70 percent of the index. In contrast, electricity production... was posted by mining and quarrying production, but it accounts for only 6 percent of the index
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Newsletter 119 - 19/05/2017
in 2019 and tax relief from specified measures of 1.92 billion in 2020. Taking into account non-specified... of restrictions on the opening of bank accounts for all individuals and corporates; the gradual increase in the cash withdrawal limit for domestic accounts and for money transferred from abroad; and the further
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Newsletter 145
widens Greece’s current account (C/A) balance recorded a deficit of 624.1 million euros in October.... Improvements in the primary and secondary income accounts by 299.7 million and 12.8 million... euros on the back of an improvement in all sub accounts. Travel receipts rose by 10.6 percent
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Capital controls to be abolished ahead of schedule
EconomyBankingrelaxation of capital controls. This included making it easier to open a Greek bank account... overseas accounts was raised to 50 percent from 30 percent. This was later increased to 100 percent... euros to 20,000 euros per customer per day and further restrictions on opening bank accounts were
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Many obstacles to clear in Greece's digital leap
EconomyFeaturesfor the Greek economy from the billion-dollar data centre investment, which in his account range from... to the Bank of Greece, the country’s ICT sector currently accounts for just 1.9 pct of GDP – less than... in the global market such as Japan and the US where it accounts for 6 pct of GDP. Greece currently ranks
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