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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingof around 6 billion euros set to launch when market conditions allow. Since 2015, NPEs have been reduced... lending fees, as disbursements towards Greek corporates accelerated to 1 billion in the quarter
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicshappens on Tuesday, the government looks set to submit a request to the European institutions... or refugees who have arrived in Greece since March 1 will be housed in different facilities
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomy, with the consumer price index in negative territory of -0.5 pct. It is due to grow by 1 pct in 2021. The crisis is set to deal a major blow to the budget, leading a deficit of -9 pct of GDP this year
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Will the Covid-19 crisis undermine the EU Green Deal? A view from Europe's periphery
Agora-fuel related infrastructures and production). On paper, one could argue that the stage is set...) would amount to no more than 0.6% of EU GDP annually, to 2030 (1 trillion in total for the period
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Economic diversification vital to Greece's post-coronavirus future
Agora, hotels falling silent, airports all but closed, and international trade set to fall anywhere between... unnoticed that Greece remains a net importer in monetary times at a ratio of roughly 2:1 in balance
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBanking. ِAn additional 5 billion euros of loans will include 2 billion euros of state guarantees, 1 billion... that a committee be set up by the BoG to evaluate the reduction in the amount of such documentation
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
EconomyThe European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession... recovering by 5.1 pct in 2021. Private consumption is seen falling by 4.1 pct, public spending to grow by 1
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ND mulls next stage of lockdown easing as support remains strong despite some grumbles
PoliticsGreek Politicsbe open to the public from Saturday as Greece is set to experience a brief heatwave. In both cases... the beginning of next week. It is still not clear if primary schools will reopen on June 1. The government
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Greece gears up to secure slice of smaller tourism pie this summer
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is set to announce on Wednesday how Greece plans to re-open its tourism sector, a move that is seen by the government as vital to dampening the economic impact... to take tests. City hotels are due to open on June 1, while seasonal hotels are expected to open
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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek Politicssecurity contributions this month, there could be a further 1 or 1.1 point cut in three months. Proto... for a new set of policies that would be different to those he was elected to power on in 2019.
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