Search
-
PM looking to build on RRF approval to augment profile as moderniser
PoliticsGreek PoliticsCommission has indicated that it expects 1 percent of GDP to be added this year, 2 percent next year and 2.5... 2.3 billion in grants and close to 2 billion in loans) to be made in July, with close to 8 billion euros in total due to be transferred within 2021. The message that Mitsotakis conveyed on Thursday
23% -
Mitsotakis pledges more help to tackle inflation, calls for EU price cap on natural gas
PoliticsGreek Politicsrisen above 2 euros per litre and household electricity bills were up by an average of 27 pct... more comprehensive package to address the public’s concerns, despite having allocated around 2... to increase again on May 1. Finally, the opposition party also proposed a reduction in the VAT rate on some
23% -
Newsletter 333 - 01/04/2022
to spend up to 2 billion more this year than initially envisioned in this year’s economic plan. Staikouras stressed that it is not certain that the full 2 billion euros will be spent. This move allows... 50.44 billion euros from taxes this year, with VAT representing more than a third of total tax
23% -
Rising contributions spark concern in key voter groups
PoliticsGreek Politicsand employees. New Democracy has targeted a 2 pct of GDP primary deficit this year and, for the time being, remains committed to producing a 1 pct of GDP primary surplus next year. This will involve..., but next year is projected to be below 2 pct, underlining the difficulty of the task facing
23% -
NBG reports 652 mln profit in 9M, core PPI up 14 pct
EconomyBankingof 11 percent. Pre-provision income (PPI) stood at 935 million euros, down by 2 percent on the 958... million euros, up by 2 percent YoY. Balance Sheet Group deposits amounted to 55.68 billion euros in 9M... funding cost in 9M was 4 basis point, from 1 basis point in H1. Capital The CET1 ratio stands at 16.2
23% -
Newsletter 420 - 12/04/2024
mature party with a loyal base. The Alco poll shows that PASOK has attracted 2 pct of voters who backed... Stability and Growth Pact rules and Greece's long-standing commitment to primary surpluses above 2 pct... burden. Hatzidakis unveiled a total package of 870 million euros, with the lion's share coming from
23% -
Alpha NII at 1.22 bln in 9M, fees up by 11 pct YoY at 306 mln
EconomyBankingmillion euros in the same period of 2023, a drop of 2 percent. Normalised profit after tax for 9M was 666... and 73 percent from collateral. P&L NII was 1.24 billion euros in 9M, up by 2 percent year-on-year... loaded Common Equity Tier 1 (CET1) ratio in 9M stood at 15.5 percent, from 13.7 percent a year ago
23% -
Newsletter 449 - 31/01/2025
briefing the local press that after a successful 2024 that brought in an additional 2 billion euros... was stable at 9.4 pct, closing the year with an improvement of 1 percentage point, leading... people, with total employment comfortably staying well above the four-million mark, at roughly 4.27
23% -
Rental subsidy rekindles political debate over housing crisis
PoliticsGreek Politicsthat its previous subsidy schemes, My Home 1 & 2, failed. He also criticised the PM for failing... that the measure was not a “panacea” for the housing crisis, but was not insignificant either. The total... the My Home 2 scheme, also aimed at providing homeseekers with financial assistance. PASOK has
23% -
How Iran war is reshaping Greece’s economy
EconomyFeatures. The closure of the Strait of Hormuz on 2 March 2026 remains the primary driver of global trade... to over $1 million per voyage. Economic pressure Greece’s energy profile remains highly sensitive to the current turmoil, with oil and oil products accounting for 51 pct of total energy supply. Greek
23%