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PM to address inflation as polls show wear and tear for govt
PoliticsGreek Politics. Salaries are set to increase by 2 pct at the start of the year, but ND has lined up a second boost later... and the inability of Greek Solution to mop up these potential votes may diminish the ultimate
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingPiraeus Bank posted a loss of 3.09 billion euros in the first nine months (9M) of 2021 due to impairments related to the NPE clean-up from loan securitisations and sales and Covid-19. In Q3 2021, pre...-off items and provisioning, including those related to Covid, but also to NPE clean up initiatives
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Retail sales rise by 13 pct in Sep as fuel has notable impact
EconomyMacroeconomyGreece’s retail sales picked up pace again in September, rising by 13 percent year-on-year (YoY) from a downward revised increase of 7.5 percent in August, Hellenic Statistical Authority (ELSTAT... fuel sales up by close to 20 percent. Books, stationery and other goods increased 18 percent, pharma
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PMI remains in growth territory in Nov amid supply disruptions and inflation
EconomyMacroeconomy, despite concerns that this could lead to order cancelations. Backlogs picked up as difficulties... inflation was pushed up to a series record rate”.
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PM opts for risky move with vaccination penalty as Covid threat grows
PoliticsGreek Politicsbeen quick to talk up any positive trends in vaccination appointments, but they have usually proved.... Also, the rate at which lives are being lost could become a burning issue for ND if there is no let up
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SYRIZA maintains pressure over Covid treatment, media handouts
PoliticsGreek PoliticsSYRIZA attempted on Wednesday to step up the pressure on the government around the Covid crisis, accusing New Democracy of giving up the effort to take on the pandemic. In a TV interview, the opposition party’s spokesman Nassos Iliopoulos argued that given the Covid death rate per million citizens
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Tsipras makes pre-emptive peace offering to next KINAL leader ahead of final vote
PoliticsGreek Politicswill have a clear mandate to shake up the party and, for the first time draw a line under its recent... parties failing to pick up any more votes, thereby blocking their path to power in the future
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Primary cash deficit almost halved to 7.32 bln in Nov
EconomyMacroeconomyGreece’s central government recorded a primary cash deficit of 7.32 billion euros up to November, from a deficit of 13.45 billion euros last year, according to figures released by the Bank of Greece... up to November showed a deficit of 1.7 billion euros. In the same period of 2020, the PIB balance
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Govt baulks at more holiday restrictions to stem spread of Omicron variant
PoliticsGreek PoliticsDemocracy giving up 0.7 percentage points and SYRIZA suffering a 2.5-point dive, to land at 32.6 and 21.1... poll for Powergame.gr shows KINAL up from 9.4 to 13.1 pct, with ND sliding by almost 2 points from
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Travel surplus of 1.27 bln in Oct as receipts reach 58 pct of 2019 levels in 10 months
EconomyMacroeconomy, both up by more than 70 percent. Visitors from the UK came to about 309,600. In total, arrivals... by 146.8 percent, to 1.14 million. Germany dominated arrivals once more with 2.88 million visitors, up
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