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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomyof public spending by 2.1 pct. Compared to the draft budget, private consumption was expected -6 pct
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBanking. Excluding this fee, operating expenses during the quarter fell by 6 percent YoY. In the 9M period
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Plans for easing lockdown on hold as coronavirus, poll numbers cause ND concern
PoliticsGreek Politicspercent to 6 percent, almost 1 point ahead of the Communist Party (KKE) in fourth place. The poll’s
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Newsletter 275 -27/11/2020
was expected to fall by 6 pct, investments were seen down by 10.9 pct and exports lower by 24.8 pct. Public
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EIB investment survey points to diminished investment appetite
EconomyFeaturespercent of firms reported being constrained, slightly more than double the EU average of 6 percent
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Parties clash ahead of budget vote, govt looks to ease holiday lockdown for churches
PoliticsGreek Politicsand cathedrals respectively, and allowing churches to remain open between December 21 and January 6
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Greece maintaining investors' interest, EY survey finds
EconomyFeaturesRepublic (5 percent), Poland and Sweden (6 percent). Commenting on the findings, Panagiotis Papazoglou
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Banks end year with continued bad loan sales
EconomyBankingalso announced after its 9M results that it plans to sell Ethniki Insurance and reduce NPEs by 6
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Greece extends territorial waters in Ionian, hopes for deal with Albania
PoliticsForeign Policyits territorial waters over 6 nautical miles”. This threat was highlighted by Foreign Minister Nikos
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Industrial production up by 8.6 percent in November
EconomyMacroeconomywas driven by a 6 percent drop in the electricity supply index, followed by the mining and quarrying index
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