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  1. Relief for coalition as wildfire threat subsides
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    has been put in doubt. Nevertheless, even in the most extreme case, in the summer of 2007, when many... as a recent devastating blaze on the island of Kythira. Toskas has been the target of frequent

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  2. Fitch upgrades Greek rating to B-, sees debt sustainability improving
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    reduced reliance on ELA and the government has announced further relaxation of the capital controls... to 'CCC' under the rating scale of the other two agencies, which means that effectively Greece has

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  3. Rating agencies concur in improved prospects for Greece
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    of the programme will bring the debt relief that the eurozone has pledged. In a similar vein, S&P considers... and in this juncture, ratings agencies believe that political risks have receded and that Greece has

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  4. Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
    Photo by MacroPolis

    EconomyBanking

    -default rate has returned to pre-Q1 levels and currently stands at almost 18 percent from 22-23 percent... and administrative costs by 4 and 6 percent respectively. The number of branches and employees has

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  5. Drop in apartment prices continues with slower decline of 1.2 pct in Q2
    By Natasha Pantazopoulou

    EconomyMacroeconomy

    of -10.9 percent in 2013. The trend has been decelerating since 2016, with the rate of -2.4 percent.... Greece’s housing market remains challenged on many fronts. The housing loan balance has contracted

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  6. Alpha Bank remains profitable in Q2, NPEs reduced further
    Photo by MacroPolis

    EconomyBanking

    at 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating... Liquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1

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  7. Slow pace of civil service evaluation, Hellenikon deal add to review agenda
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , which was meant to be completed in the summer. The Administrative Reform Ministry has now drafted... jobs during the construction phase and 75,000 jobs once it has been fully completed. Apart from

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  8. Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    high of 91 in Q3 2016, the index has fallen by 1.6 percent. The record high of 120.4 was posted in Q1 2010, while the lowest reading of 78.8 was recorded in Q1 2000. Since its peak, the index has

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  9. Out-of-court workout holds promise for firms in debt
    Photo by Joe Gratz via Flickr https://flic.kr/p/bkUna

    Legal

    has a long standing reputation and experience in debt restructuring procedures having advised... of the relevant law has been carried out under this context. Disclaimer All rights reserved. No part

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  10. Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    that his party has already prepared this bill and it would be the first to be tabled. The second draft.... “Mr Georgiadis is my choice,” he said. “I do not agree that he expresses extreme positions. He has

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