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  1. More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
    Photo by MacroPolis

    Economy

    the imposition of capital controls. The survey was conducted by MARC in the July 21 – 27 period... implications on small businesses from the imposition of capital controls during the first two weeks... small firms were unprepared to address the consequences of the capital controls. In particular, only

    3%

  2. Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
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    EconomyMacroeconomy

    ). The drop in July is largely attributed to the imposition of capital controls. It is the first... for a potential Grexit or imposition of capital controls and deposit haircut with a large number of transactions paid in full (and not in instalments) in cash. However, the negative impact from capital

    3%

  3. Marked drop of 50 bps in new time deposit rate in July amid capital controls
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    EconomyMacroeconomy

    ’ decision to lower interest rates in the aftermath of capital controls, since the four core banks dominate more than 95 percent of the market. The legislative act on capital controls prohibits... in the succeeding months until capital controls are lifted. Despite the considerable decline in July

    3%

  4. New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls

    EconomyMacroeconomy

    the four systemic banks’ decision to reduce interest rates amid capital controls, since they dominate... on capital controls. The restrictions on time deposit renewals also explains the positive flow of 6.25... the various deposit accounts should be expected in the next few months until capital controls are lifted

    3%

  5. Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets

    EconomyMacroeconomy

    for easing capital controls. Stournaras revealed that the non-performing exposure (NPE) ratio... of overdue obligations Capital controls The second issue Stournaras touched upon in his speech to MPs... ease capital controls. The first measure relates to the abolition of the restrictions on “new” money

    3%

  6. Alpha Bank buoyed by 800-mln-euro share capital raise
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    EconomyBanking

    Alpha Bank announced on Friday the successful completion of its 800-million-euro share capital.... This is the second systemic bank capital raise after Piraeus Bank last month. It raised 1.38 billion euros... the share capital raise to be able to move to the next phase of balance sheet clean-up by utilising

    3%

  7. Against backdrop of growing energy challenges, PPC capital raise stirs reaction
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    PoliticsGreek Politics

    Public Power Corporation (PPC) is launching a capital raise that will lead to the country’s main... Operator (HEDNO), for 2.1 bln euros. The capital raise decision comes against a backdrop of concern..., the PPC capital raise is further evidence that the current government favours private interests

    3%

  8. Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
    Photo by MacroPolis

    EconomyMacroeconomy

    reflects the negative sentiment due to the capital controls and bank holiday, according to BoG... - the recessionary impact from capital controls, with Greek officials and banks now forecasting a GDP

    3%

  9. Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases

    EconomyMacroeconomy

    billion euros to 77.49 billion in November on the back of the completion of Greek banks’ capital... in the form of ESM bonds to cover their total capital needs under the adverse stress test scenario. So

    3%

  10. Tsakalotos confident on meeting fiscal targets, sees capital controls being gradually relaxed

    EconomyProgramme

    will be on institutional and growth issues. Asked about the lifting of capital controls, he said... the early repayment of loans. Tsakalotos stressed that the lifting of capital controls is closely linked

    3%