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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomyin Washington this week. The previous Greek government cancelled in May the tax-free threshold reduction... compared to the estimates that the Greek Finance Ministry submitted to the European Commission, with which
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingfrom BoG does not seem to have made any progress. Between 2015-2018, Greek banks reduced their NPEs... of Greek SMEs secured with real estate assets with total on-balance sheet gross book value of approximately
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Credit contraction at 0.5 pct in Sept, balance at 157.28 bln
EconomyMacroeconomyCredit contraction in the Greek market came to 0.5 percent in September from 0.1 percent in August, Bank of Greece (BoG) figures showed on Tuesday. As a result, the outstanding balance came to 157.28... for the month to stand at 17.15 billion. The Greek market has been experiencing a contraction for the last
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ND and SYRIZA square up as Novartis inquiry gets underway
PoliticsGreek Politics. The conservatives called the former vice president of Novartis’s Greek branch, Konstantinos Frouzis... percent, MeRA25 on 4 percent and Greek Solution on 3.5 percent. There is still a high level of positivity
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankinga strong confidence vote in the prospects of the recovering Greek economy. The strategic agreement...) will approve a zero Risk Weighted Asset (RWA) weighting for the scheme as the Greek state does
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Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years
EconomyMacroeconomyto the Greek Loan Facility’s (GLF) bilateral loans from the first programme. An additional 130.9 billion... at roughly 10.8 billion at the end of September. Greek government bonds (GGBs) declined to 56.11
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Brussels gives Athens thumbs-up for reforms and budget
EconomyProgrammeby the Greek administration will not set the agreed targets at risk as it is compensated... percent forecast of the Greek authorities but well above the 1.2 percent euro area average. Medium
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Credit contraction at 0.2 pct in October, balance at 156.63 bln
EconomyMacroeconomyCredit contraction in the Greek market came to 0.2 percent in October from 0.5 percent in September, Bank of Greece (BoG) figures showed on Thursday. As a result, the outstanding balance came... for the month to stand at 17.03 billion. The Greek market has been experiencing a contraction
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Mitsotakis pledges more tax cuts in 2020 amid police violence claims
PoliticsGreek Politicsnext year the solidarity levy on incomes. This tax was introduced early on in the Greek crisis..., as is necessary under Greek law. Alivizatos noted that there has been an increase in the use of violence
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After signing EastMed pipeline pact, Athens aims to tackle Turkey challenge
PoliticsForeign Policybe ready as early as 2021. Greek oil and gas exploration firm Energean, which owns and operates... to supply natural gas to Cyprus is possible. Turkey Despite the efforts of the Greek, Cypriot
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