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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomy, led by taxes that are seen reaching 61.33 billion euros, above target by 5.5 billion euros..., which is improved on the target of 0.7 pct of GDP. The total deficit will be at 7.37 billion euros... to a surplus of 5.05 billion euros, or 2.1 pct of GDP, and the total deficit to 7.49 billion euros, or 1 pct
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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankingmillion in H1 2023. Asset quality The NPE ratio was 3.3 percent in H1, from 5.5 percent a year ago... respectively in H1 2023. Net trading income was just 3 million euros, from 39 million last year. Total... percent, while the total capital ratio was at 19 percent, from 12.3 and 17.1 percent respectively.
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Piraeus NII at 1.58 bln in 9M, commission income at 480 mln
EconomyBankingpercent in September, from 5.5 percent a year ago. The NPE coverage ratio was 61 percent, from 57... income was just 36 million euros, from 31 million last year. Total operating expenses stood at 613... the total capital ratio was at 19.9 percent, from 12.9 and 17.6 percent respectively.
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Government tables 2025 budget, seeing stable growth, solid public finances and lower debt
EconomyMacroeconomywill be 2.4 percent of GDP, from 2.5 percent this year, while the total deficit will be comfortably below 1... euros. Expenditure will also rise notably to 80.5 billion euros, from 76.5 billion euros in 2024. Total... will drop to 239.5 billion euros, led by a reduction of 5.5 billion euros to 213.4 billion euros
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Newsletter 453 - 28/02/2025
). They are followed by Course for Freedom on 8.2 pct, SYRIZA on 5.5 pct and Voice of Reason on 5.2 pct. Greek..., with 11.71 billion euros out of a total of 21.27 bn up to November last year coming from European Union... estimated that when second round effects are included, the total effect on exports, including exports
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Unemployment rate down to 7.5 pct in Dec, lowest since Nov 2008
EconomyMacroeconomy, with total employment now approaching the four and a half million mark, at roughly 4.38 million... (pps) year-on-year and came to 9.9 percent, while the rate for men stood at 5.5 percent, from 7.6... of 2024. Total hires were 2.93 million, against 2.74 million departures.
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Territorial waters, hydrocarbon research cause friction between Athens and Ankara
PoliticsForeign Policyto try to convince them that Greece is set to snatch 40,000 square kilometres from Libya's continental shelf. Akar also claimed that Turkey and Libya almost have neighbouring sea borders (EEZ or continental shelf). The signs are that Turkey is seeking a more active role in Libya. Akar's statements
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Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
PoliticsGreek Politicswith Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had
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Athens poised to take next steps on maritime borders
PoliticsForeign Policydeposits by US ExxonMobil southwest of Crete provoked the reaction of Libya’s GNA government... and the Exclusive Economic Zone when there is a relevant agreement with Libya. The same diplomatic.... The same sources believe that this move could lead Greece and Libya to refer their dispute to the ICJ
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Athens pleased about new EU-Egypt deal, seeks closer ties with Cairo
PoliticsForeign Policywith flows to the Italian and Greek (from Libya to Crete) coasts. Europe is offering a "strategic... urgently needs Egypt to control migration flows from its borders with Libya and, secondly, to improve its... not control the border with Libya, from where Sudanese refugees and Egyptian migrants cross
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