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  1. Industrial turnover drops by 15.1 pct in August as manufacturing slows
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover fell by 15.1 percent year-on-year (YoY) in August compared... the highest weighting in the index. In other indicators, September’s PMI index rose to 50 points.... A contributing factor to September’s figure was the stabilisation of production during the month

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  2. Govt examines stricter measures to rein in coronavirus as options dwindle
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    that ND’s approach to Covid-19 has been too lax and muddled, especially in terms of the re-opening of Greece’s borders to tourists. The left-wing party is also bashing the government for not making more... be doing more to support businesses and households During Tuesday’s regular media briefing, experts

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  3. Latest market foray for 15-yr bond attracts strong investor interest with record low yield

    EconomyBanking

    to proceed with another issue, the favourable market conditions that have shaped up as a result of the ECB’s... competing supply of debt by Italy and Quebec announcing their upcoming issues. In Wednesday’s re-issue... with 7 pct. Fund managers once more took up the lion’s share with 61 pct, followed by banks with 17 pct

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  4. All eyes on Piraeus as share price tumbles amid coupon payment concerns
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    to the recapitalisation carried out five years ago. The lender’s share price was hammered on Tuesday, reaching... for the upcoming payment would lead to HFSF’s shareholding rising to 61 pct. Last week, a group of shareholders.... The authorities have decided to hold on until the ECB’s Single Supervisory Mechanism will decide this month

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  5. Political friction surfaces in first days of second national lockdown

    PoliticsGreek Politics

    on the offensive over what they describe as the government’s failure to act promptly to contain the second wave... but on ourselves”. While Tsipras has become more openly critical of the government’s handling of the pandemic... for former Deputy Health Minister Pavlos Polakis’s decision to publicise on social media a private

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  6. Bridge scheme activated as banks look to avoid second-wave NPL increase
    Photo by MacroPolis

    EconomyBanking

    , around half of the total applications. As of the scheme’s activation, such borrowers will only have to pay 10 percent of their regular payment with the programme’s duration set at nine months... lockdown makes it more likely that Greece’s economy will be facing the adverse economic scenario

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  7. Govt tries to fend off claims of disarray in Covid-19 reporting, coordination

    PoliticsGreek Politics

    to record Covid-19 cases were not true and would weaken people’s trust in official data... as further evidence of the government’s muddled approach to the coronavirus. With opinion polls indicating... the pandemic, the opposition parties are seeking to capitalise and chip away at New Democracy’s lead, which

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  8. GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP showed an increase of 2.3 percent (QoQ) in the third quarter... percent YoY. The Ministry of Finance’s revised 2020 budget expects private consumption to fall by 7.6... by 16.4 percent in 2021. Outlook According to the MoF’s revised forecasts for Greece’s GDP

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  9. Covid-19 data prolongs wait for re-opening amid new clash over policing
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    be together in each household. Beyond Covid-19, there will be a number of other items on the cabinet’s... the end of the year. Policing According to a report in Ta Nea last Friday, the PM’s office hopes... with unacceptable behaviour. The government’s stock reply had been to assure Greeks that it is simply

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  10. PM on defensive over Covid-19 stance as debate rages over testing
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    criticising the government’s handling of the healthcare crisis. Following a briefing from experts, including members of the government’s advisory committee, SYRIZA leader Alexis Tsipras once again... to the resurgence of the virus, Mitsotakis repeated the government’s long-standing position

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