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Newsletter 269 -16/10/2020
shows deficit of 7.01 bln September figures show decline in revenues On a monthly basis, net revenues... primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared
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Newsletter 271 -30/10/2020
at 7.01 bln September figure confirmed as missing target by 9.58 billion euros The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus
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Athens sees many benefits in renewal of defence cooperation with Washington
PoliticsForeign Policy-by-step bilateral progress by diplomats and successive governments of both countries, diplomatic... bilateral agreement with clear references to sovereign rights and sovereignty. Foreign Minister Dendias... Partnership defensive agreement with France, our country is adding another link to the chain of its bilateral
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North Macedonia's new president triggers diplomatic row with Greece on her first day
PoliticsForeign PolicyForeign Ministry issued a statement and warned Skopje about possible dangers in both bilateral relations..., Greece categorically states that further progress in its bilateral relations with North Macedonia... the Greek government to react “both at a bilateral and at an international level”. But what happened
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeatureson investing in the Greek hotel industry, PricewaterhouseCoopers (PwC) noted that the rapid growth..., with the industry expected to be worth 14 billion by 2020. PwC also outlined the various taxes which an investor
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesownership (property taxes rose six-fold between 2010 and 2015 according to a report by PwC), which drove... looking at the long-term drivers of the Greek property market, PwC estimated that even in an optimistic
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Cyprus in 2014: Looking ahead
AgoraEmergency Liquidity Assistance (ELA) due to the decision to sell the assets of all Cypriot banks... for ELA that Laiki provided to its branches in Greece, leading to a precarious liquidity situation... allows for the ELA to be replaced by more long-term finance; however there seems to be a lack
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Newsletter 118 - 12/05/2017
Liquidity Assistance (ELA) and ECB funding by 269 and 266 million, respectively. Specifically, ELA... to the lower reliance on ELA funding. Monthly change reflects a similar drop in both ELA and ECB funding..., Tzanakopoulos described the court as issuing a “non-binding opinion” rather than a “ruling”. He also said
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingeuros. Funding cost deescalation continued in Q3 2018, driven by reduced ELA reliance as well... in wholesale funding cost is expected in Q4 2018 as ELA approaches full elimination. On an aggregate... and fell by a further 300 million by November. Specifically, Emergency Liquidity Assistance (ELA
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgramme) GLF bilateral loans of 52.9 billion euros have a current interest rate of 0.65 percent (euribor plus... of the Eurosystem and its Emergency Liquidity Assistance (ELA) programme (related to the issue
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