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Karystianou’s party makes political debut as confrontation over scandals continues
PoliticsGreek PoliticsIntelligence Service, particularly after the recent session of the Committee on Institutions
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingcatering not being serviced.. As pointed out in the report, the property market is also connected... 1.75 billion euros, of which 77 percent are considered fully serviced. The remaining 370 million... on loans that were fully serviced up to the end of 2019, and 250 million will be set aside
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingare also being serviced by doValue which is the largest servicer in Greece and holds a loan portfolio.... The scheme will start in a phased manner, depending on whether the loan is serviced, in the red... that are currently in moratoria represent 20 percent of the loans that were still being properly serviced
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesnot being serviced, peaking at 107 billion euros. In September 2016, almost half the loans... (56 pct of the total). With 28 pct of the volume of loans on their books not being serviced, however... as purchasers of NPL portfolios. One of the largest players in the Greek servicer market, Intrum Hellas
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomyby a drop of 10.4 percent QoQ in exports of goods and services. Imports of goods and services rose by 9.6... the same period last year largely stemmed from a 44.9 percent decline in exports of goods and services. Imports of goods and services rose by 6.4 percent YoY. Gross fixed capital formation fell by 0.3
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Greek households continue to slash spending on goods and services
Societyspent an average of 1,419.57 euros on goods and services in 2015, 2.8 percent less in the previous...), miscellaneous goods and services (9.0 percent), health (7.5 percent – one of the highest rates in Europe...%), education (-8.1%) and miscellaneous goods and services (-5.3%). Only in health did the average monthly
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Slight deterioration in services sector turnover in Q3
EconomyMacroeconomyThe majority of the turnover indices for the services sector fell in the third quarter (Q3) of 2015... on Tuesday. Eight out of the 14 services activities recorded a drop in Q3, implying a slight deterioration from the Q2 performance when 7 out of the 14 services activities posted a year on year (YoY
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SYRIZA lays out alternative vision to counter government's RRF plan
PoliticsGreek Politicsas a pretext for privatising state assets and public services, liberalising the labour market..., resting on five pillars: a move even distribution of the benefits of growth across society; avoiding... of green transition and digital transformation, as well as the pillars of social cohesion
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomyan increase in the services’ surplus by 197 million. The widening of the trade deficit is attributed... the respective decline in exports. The significant rise in the services surplus by 31.9 percent to 814 million is mainly due to an improvement of the transport services balance on lower transportation
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomy). The significant improvement mainly stems from an increase in the services’ surplus by 395 million euros, followed..., the services’ surplus surged 18.6 percent to 2.51 billion euros. This is mainly attributed to a marked improvement in the travel and transport services balances. The travel services’ surplus in particular
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