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Moody's ups GGB rating by two notches, on par with S&P and Fitch
Economypct average of the five-year pre-pandemic period. Moody’s expects growth to be support by the RRF... that Moody’s sees approaching 150 pct by next year. To that end, Moody’s expects primary surpluses of 1-2
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Mitsotakis prepares to meet Erdogan, hoping to build on recent momentum
PoliticsForeign Policyearthquakes last February. It will be the second time that the two leaders meet this year. Their first... of the High Level Cooperation Council that will take place sometime before the end of the year
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Loans managed by servicers broadly stable in Q2 at 71.16 bln
EconomyMacroeconomyThe universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q4 last year and in Q2 2022 it stood at 71.16 billion euros, according to data released by the Bank of Greece (BoG... and has dropped by 900 million since. In Q4 last year there was a significant drop in NPEs by 16 billion
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Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling
EconomyMacroeconomyThe output index in agriculture recorded an increase of 28.7 percent year-on-year (YoY) in July, from 30.6 percent in the previous month, ELSTAT data showed last week, underlining the challenge households are facing with respect to food prices. Agriculture and Livestock output prices have been
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Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
EconomyMacroeconomy) budget execution data released on Monday. In the first eight months of the year, the budget.... Interest payments came to 5.7 billion euros, above target by 961 million euros. Last year, interest
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Government faces new storm test as Kasselakis sweeps through SYRIZA
PoliticsGreek Politicsand November, more people interested to come to visit our cities year-round, and expanding our... the end of the year.
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Credit net flows remain negative in Aug, growth at just 0.9 pct YoY
EconomyMacroeconomyThe pace of credit expansion in the Greek private sector continued to slide in August, rising by 0.9 percent year-on-year (YoY), from 1.2 percent in July, Bank of Greece (BoG) figures released on Wednesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009
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Mixed picture for deposits continues in Aug with rise of just 190 mln
EconomyMacroeconomyBank of Greece (BoG) figures released on Wednesday. The annual growth in August was 3.2 percent year on year (YoY), from 3.1 percent in July and 3.5 percent in June. The outstanding balance of private
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Greece aiming to agree updated migration deal with Turkey
PoliticsForeign PolicyThe refugee and migrant populations in Greece have risen by more than half compared to last year, according to the latest figures announced by Greek authorities. In September around 1,700 refugees... will seek further EU funding. Following the elections in his country earlier this year, Erdogan has
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Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
EconomyMacroeconomyby the recent weather events and the soft demand conditions, leading to the outlook for the year-ahead... the start of the year, driving a softer upturn in output”, said S&P analysts. They added that "subdued
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