Search
-
New Democracy fires back at Tsipras over corruption allegations
PoliticsGreek PoliticsThe polarisation that many expect to be a key feature of Greek politics in the build-up to the next.... Tension levels went up a notch or two over the weekend after anti-government Parapolitika newspaper..., which is also strongly opposed to the government. SYRIZA also picked up on a report in government
3% -
Newsletter 171 -20/07/2018
gears up ND The timing of the next elections was the subject of renewed speculation this week as the government stepped up its focus on the expansionary measures it hopes will help win back support.... The Fund suggests that Greek authorities should significantly accelerate the opening up of professions
3% -
Cabinet reshuffle expected to presage coalition's revival effort
PoliticsGreek Politicswill make changes to his ministerial line-up towards the end of the month (after the exit from... Expo). There has been much debate about whether it will be an extensive shake-up or whether limited... will be to freshen up his team with some young, fresh faces as SYRIZA looks to turn a page ahead of the next
3% -
Budget surplus beats July target on lower investment spending as tax refunds fall short
EconomyMacroeconomyMinistry (MoF) on Tuesday. Last year’s figure for the same period was 3.02 billion. The primary surplus up..., above target by 354 million euros. The budget balance up to July this year recorded a deficit of 1.56... by 757 million. Overall, the PIB balance posted a surplus of 104 million up to July, versus a target
3% -
Travel balance increases by 16 pct in June and 19.5 pct in first half of year
EconomyMacroeconomyexpenditure per trip edged up by 0.6 percent to 498 euros compared to 495 euros for the same period... that tourist numbers could reach up to 30 million, but warns that this might be the last year of continued growth in numbers and revenue for Greece as competition picks up in neighbouring destinations.
3% -
Greek banks push for return to normality
EconomyBankingis fully subtracted. It was confirmed in the run up to Greece’s programme exit that the country’s... programme is already winding down with net purchases currently at 30 billion euros up to September...) in September, Greek banks will step up portfolio sale activity and other NPL reduction methods, reducing
3% -
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingmillion euros in H1. Fee and commission income edged up by 0.3 percent QoQ to 84.6 million euros... Equity Tier 1 (CET1) ratio stood at 18.5 percent, up slightly from the previous quarter’s figure... profile also improved as deposit inflows picked up, with ELA reliance now close to being eliminated
3% -
Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBanking(-5.6 billion euros) and NPE sales (-2.4 billion euros). Piraeus Bank has been stepping up efforts... last year, up by 7 percent. In H1, recurring operating expenses showed a decline of 4 percent..., falling by 13 percent year-on-year. Domestic customer deposits edged up by around 500 million QoQ
3% -
General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomygovernments (+21 million euros). At 31.3 percent, arrears of SSFs made up the majority of overall arrears... is the largest since July 2017. Repos increased by 28 million to 23.48 billion, making up just under... make up 27.5 percent of the total guarantees. Bank support remained unchanged between June and July
3% -
SYRIZA and ND go head-to-head over promises to lighten tax burden
PoliticsGreek Politicswith their pledges is heating up. Mitsotakis visited Thessaloniki on Thursday and held meetings... a conservative government drums up greater investment. He said that if the economy experiences such a boost, he... underlined that he has no intention of allowing any let-up in the pressure on Tsipras ahead of the name deal
3%