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Newsletter 251 -22/05/2020
to the plan, year-round hotels and campsites will open on June 1, followed by summer season hotels... with “good epidemiological criteria”, followed by regional airports on July 1. Yachts will be able... on the mission that took place remotely on April 8 and 23, and the ongoing discussions between the Commission
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomycompared to YoY growth of 1 percent in Q4 2019. This marks the first YoY contraction recorded since Q2 2016... as rising by 1 percent. Final consumption represents the majority of GDP, making up around 90 percent... percent QoQ while imports of services fell by 8 percent. Compared to the same quarter in 2019, imports
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Newsletter 253 -05/06/2020
23,000 individuals remain in self-isolation after entering the country in recent weeks, with around 1... to Q1 in 2019, GDP shrank by 0.9 percent compared to YoY growth of 1 percent in Q4 2019. This marks... of goods increased by 8.3 percent QoQ while imports of services fell by 8 percent. Compared
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Greece's post-lockdown hubris
Agora. On August 1, the 7-day average of new daily cases exceeded 50 for the first time since the height... by the opposition and civil society groups, however one calculation suggested that only 1 percent of the money...’s Eurobarometer survey reveals that only 8 percent of the population say they read a newspaper
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Newsletter 268 -09/10/2020
be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended... to drop by circa 10 pct on an annual basis in the third quarter, and just short of 8 pct in the last... will be just above 1 pct of GDP at 2.08 billion, recovering impressively from the 9.72 billion euros
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomyin the second quarter and is just short of 8 pct lower in the first half of 2020. The Finance Ministry does... to its longer-term view of the Greek economy of growth 1 pct. Unemployment is seen rising just short... to 2025 with a deficit of 1 to 15 pct of GDP. The primary deficit will reach 6 pct of GDP this year
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Newsletter 286 - 26/02/2021
suggesting that the retail sector was set to re-open on March 1 or March 8. Clearly, the Development..., particularly the new insolvency code, some aspects of which were pushed back to June 1. The Commission
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Delta variant shifts goalposts for tourism season and vaccinations
PoliticsGreek Politicsin the implementation of the bloc’s digital Covid certificate, making it unlikely to launch fully on July 1... is already giving cause for concern. The Tourism Ministry estimates that Greece has only received 1... at a low level. On Monday, the authorities announced 362 new confirmed infections, 8 deaths and 215
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Central government debt increases 6.53 bln to 387.3 bln in Q2
EconomyMacroeconomyalso showed that special purpose and bilateral loans, including those granted by the (EIB), came to 8... that long-term (over 5 years) debt made up 75.1 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.7 percent and 11.2 percent respectively
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingfor NPEs in excess of 8 billion euros. P&L NII came to 371 million, down by 7.2 percent QoQ due... came to 91.3 million euros. Recurring operating expenses rose 1 percent QoQ to 260.9 million in Q2... percent in Q1. At the end of June, the Common Equity Tier 1 (CET1) ratio stood at 14.8 percent, a drop
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