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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingamounts to 21 percent of the principal amount and the transaction has a neutral capital impact, NBG
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Overdue social security contributions rise to 36.32 bln in Q1
EconomyMacroeconomymillion from 456.9 million in Q4 2019. Overall, KEAO has collected revenues of 6.06 billion since
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Building permits fall by 22.4 pct in April
EconomyMacroeconomy. Compared to the same month last year, construction confidence has decreased by 0.3 points.
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PM in search of recovery fund boost as parties clash over latest Novartis episode
PoliticsGreek Politics, has been charged with abuse of power and breach of duty, among other things. The government argues
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Primary cash balance deficit at 6.71 bln in June
EconomyMacroeconomymonths of the current year, the PIB balance has worsened by 1.92 billion euros. The budget primary
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The EU decision excluding nuclear and fossil fuels from the Just Transition Fund
Legalof the argument the decision has been warmly welcomed by environmental groups that have been pushing
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Industrial turnover drops by 30.4 pct in May
EconomyMacroeconomyby 2.7 points month-on-month to stand at -18.1 points. Year-on-year, industry confidence has fallen
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April, Bank of Greece (BoG) data showed on Monday. In the same month last year, there a surplus of 269.7 million euros, meaning that the balance has worsened by 1.18
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomyGreece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY). Receipts came to 13.1 million euros for the month, falling by 99.2 percent YoY. Travel payments also decreased
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
Economyis confirmation of the new reality for Greece, which has thrown it completely off course that was set
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