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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyconducting military exercises close to Cyprus's Block 2 and 3 and has blocked the area using a NAVTEX... profits from the outcome of research conducted by foreign companies such as ENI, France’s Total... confirmed that it had made a lean gas discovery in Block 6 with Calypso 1 NFW. “An intensive and detailed
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Primary cash surplus at 7.72 bln in March on strong underspend
EconomyMacroeconomyeuros against last year’s total of 10.72 billion. Compared to the same time last year, expenditure... quarter of the year declined by over 1 billion euros and came to 11.91 billion. Discounting arrears.... The Public Investment Budget (PIB) balance surplus grew to 210 million from a very slight surplus of 1
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Newsletter 162 -18/05/2018
laid out for the coming years would be applied as initially intended, which means that the 1 percent... to pensioners just before the pension cuts take effect on January 1. According to Energy Minister... of the business plan by McKinsey which was still being put together. 2 Primary cash surplus at 7.45 bln
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammemillion euros. The reductions planned to income tax are estimated at a total of around 500 million.... This is expected to have a fiscal impact of 2 billion euros. He repeated the pledge to phase out... bring in just over 1 billion euros in revenues each year. Mitsotakis also declared his government’s
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Newsletter 286 - 26/02/2021
suggesting that the retail sector was set to re-open on March 1 or March 8. Clearly, the Development..., particularly the new insolvency code, some aspects of which were pushed back to June 1. The Commission... on a number of revised timelines for critical reforms.” 2 Current account deficit hits 11.2 bln in 2020
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Newsletter 307 - 10/09/2021
, the government’s support has dropped 2 percentage points since the company’s last poll in June... that the second half growth will take the total above the 3.6 pct, which was the Finance Ministry’s most... in his speech at the Thessaloniki International Fair over the weekend. It is estimated that 1 percentage
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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBankingmargin decreased marginally in the 9M to 2 pct, from 2.3 pct last year. Net fee and commission income... expenses dropped by 1 pct in the 9M to 758 million euros. Loan loss impairments have increased by 30... Equity Tier 1 (CET1) ratio stood at 13.9 percent, from 12.8 percent in Q2. The Q2 figure includes
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Newsletter 324 - 21/01/2022
, they have called for the minimum wage to be raised to 800 euros. The 2 pct increase on January 1... to the minimum wage would be adopted on May 1, SYRIZA believes a public backlash against the increasing cost... with three new bond issues, three re-openings and one swap of PSI leftover bonds, for a total amount
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Newsletter 363 - 16/12/2022
dropped by 0.8 points, while SYRIZA’s backing has risen by 1 percentage point. However, New... to ensure a timely return of inflation to the 2 pct medium-term target.” The ECB said that demand needs... and to fight the energy crisis has allocated the largest packages in the EU, for a total that exceeds 55
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Newsletter 392 - 08/09/2023
data, as turnover in June dropped by 1 pct and the associated sales volumes fell sharply, with food.... Annually, GDP grew by 2.7 pct vs. Q2 2022, accelerating from the 2 pct YoY in Q1. The quarterly... decreased by 1.2 pct and imports increased by 1 pct. The export drop was led by a decrease in goods by 9.8
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