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Govt ratchets up coronavirus measures, while planning further support for economy
PoliticsGreek Politicsof the coronavirus. Early government estimates put the total cost of the measures planned by Greece at 2 billion... to direct up to 3.5 billion euros to loans, while the EBRD also offered a package of 1 billion euros
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PM joins forces with some eurozone partners to lobby for "corona-bond"
PoliticsGreek Politics-employment in total employment,” according to Scope’s analysts. “These economies also depend... Minister Christos Staikouras told Skai TV on Thursday that the economy is on course to contracy by 1... which could allow member-states to borrow the equivalent of 2 percent GDP to cover needs arising from
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Economic diversification vital to Greece's post-coronavirus future
Agorato be a valuable export industry at 4.3 per cent of total exports (EUR 1.4bn) in 2018, yet it should not go unnoticed that Greece remains a net importer in monetary times at a ratio of roughly 2:1 in balance
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Greece issues new 10 yr bond as investor appetite returns
Economythat fetched a yield of 1.91 pct and the 7-year issued in April of 2 billion euros. The two prior issues... by 14:30 local time with total offers of 15.75 billion euros and price of mid swaps +160 basis points... on the T-bills rollovers. Today it is set to auction a 52-week T-bill for an initial amount of 1
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PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms
PoliticsGreek PoliticsAthens for Friday’s publicity opportunity. Apart from the 2 billion euros that Lamda is planning... of seeing a significant number of visitors this summer. Mitsotakis also said that another 1 billion... that the total cost of all the support measures will now reach 17 billion euros. This will hit the primary
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Banks step up securitisation drive following pandemic interruption
EconomyBankingon the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1 billion euros. This is part of a 7-billion-euro total securitisation exercise for Piraeus, which it hopes
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesin the residential sector contributed over 10 percent. Those figures shrunk to 5 percent and less than 1.... It is estimated that the golden visa programme attracted upwards of 2 billion euros of foreign investment... of 2019, these had reached 12,832. The total number nationwide peaked at over 100,000 unique listings
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Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion
PoliticsGreek Politicsby the government. A total of 109 deaths were recorded over the weekend which, as one local newspaper pointed... March and September 1, Covid-19 claimed 207 lives in Greece. According to reports, more than 3,300..., compared to the 2 billion euros previously envisioned. Aside from measures that have been announced
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NBG results show net profits of 602 mln euros in 9M
EconomyBankingand commission income came to 188 million in 9M, up by 2 percent YoY. On a quarterly basis, the figure rose by 13... (-1 percent QoQ) and fell by 4 percent in the year to date. These stem largely from reduced personnel... in Q3 and is net of the total Covid19 charge offs of 429 million accounted for in 9M. On a fully loaded
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Newsletter 279 -13/11/2020
worsened by 19.8 points. 2 Credit growth in Nov edges up to 2.6 pct Rates approaching last high... sight savings, aggregate triples YoY Total deposits, which also include the general government (gg.... In addition, sight deposits increased by 2.97 billion euros. Time deposits fell by 1 billion euros. The latest
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