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PM hopes for return to normality by summer, but vaccine progress remains slow
PoliticsGreek Politicsby the end of the summer. In his remarks, Mitsotakis shrugged off the focus on daily vaccination... have supported jobs through aggressive furlough schemes”, Mitsotakis noted in his Davos remarks..., the analysis estimates that “the bloc as a whole would reach only 15 percent by the end of September
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Amid signs of split over Tempe probe, government plays down EU prosecutor’s remarks
PoliticsGreek PoliticsThe government attempted to put a positive spin on the pointed criticism delivered by European Chief Prosecutor Laura Kovesi during her visit to Athens but Prime Minister Kyriakos Mitsotakis’s administration continues to be dogged by some of the issues ...
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Athens expands survey area off Crete, signs MoU with Egypt
PoliticsForeign PolicyExclusive Economic Zone. In 2019, before signing its memorandum with Turkey, Libya reacted against...). This was calculated by moving its median line northwards. After the signing of the Turkey-Libya memorandum in 2019, new data was generated and Libya could argue that the entire area south of Crete
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Newsletter 435 - 04/10/2024
once again to revise down its growth estimate for this year to 2.2 pct, when in the final 2024 budget... volumes index had a bigger drop of 2.8 pct YoY. On a monthly basis, the index also recorded a drop of 2.4... growing by 6.7 pct this year. Real GDP growth estimates also moderate further from 2027, when
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economyrecession in its previous estimate, to 7.5 pct. This is in line with the European Central Bank’s... includes large volumes of Deferred Tax Credits. In mid-June, NPEs stood at 60 billion euros... Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic
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Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
Economypercent, while those in Crete rose 7 percent. However, although volumes are performing above expectations... of the domestic economy by 0.6 percent this year. ELSTAT is due to release its flash estimate for Q3 GDP.... Following October’s impressive figures, SETE upward revised its estimates for 2014 international tourist
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How economic sanctions on Russia could affect Greek economy
Agorato more activities. Here we make a rough attempt to estimate the size of Russia’s footprint on the Greek... reduction in volumes. The vast bulk of imports from Russia relates to fuel – predominantly oil..., it estimated that a 10 pct drop in income from visitors translates into a 1 pct drop in GDP. Golden
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IMF comments, blog leave no doubt credible debt relief has to be agreed soon
EconomyProgrammeAlmost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog with the Fund’s perspective on dealing with sovereign debt. The article is written by Sean Hagan, general Counsel
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Athens pleased with Washington talks despite lack of definitive US position on Turkey
PoliticsForeign Policyactions in the East Med and Libya. The Greek government has many times since Tuesday tried to play down... replied: “when you're talking about Libya, we're discussing with President Erdogan, we're discussing... talked about that subject specifically — Libya and what's going on. We'll be talking to Russia
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S&P moves Greece further into investment grade with 'BBB' rating, stable outlook
Economyin 2024. This not only surpassed the Bank of Greece's potential growth estimate of 1.9 pct, but also... by reduced global trade volumes. The agency notes that Greece could see further upgrades if the economic... trajectory. The government is estimated to have achieved a primary surplus of around 3.5 pct of GDP
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