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Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
EconomyFeatures, tourism remained a relatively strong source of income. However, the industry is highly seasonal and relies... tourism will come to 3.5 billion euros or just 2.5 percent of GDP. This represents a drop in tourism
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingof international or national crises, the sharp economic drop will have an impact on banks’ asset quality... provisioning. BoG concludes with a strong message that “front-loaded recognition and resolution of NPLs
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Fitch keeps Greece at 'BB' rating as risks remain on horizon
Economypct. The agency then sees strong recovery in the coming two years on the assumption of successful... of 2019 GDP, leading to a deficit of 9.3 pct in 2020, expected to drop to 7.2 pct of GDP this year
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PMI rises to 50 points in January on hopes of vaccine roll-out
EconomyMacroeconomystrong overall. The closure of customers after strict coronavirus restrictions were put in place... demand, with a sharp drop in new export orders. There were still supply-chain disruptions in January
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Industrial production up by 3.3 percent in December
EconomyMacroeconomystrong overall. The closure of customers after strict coronavirus restrictions were put in place caused..., with a sharp drop in new export orders. There were still supply-chain disruptions in January
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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBankingorganic actions. New defaults remained low, as the drop in economic activity was cushioned..., helped by strong card business growth (+38.0 percent YoY) and solid intermediation fees (+11.9
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PM banks on firms bouncing back after lockdown as SYRIZA decries immunity for Covid panel
PoliticsGreek Politicsactivity from next month. “We expect a strong recovery after the end of the pandemic,” said... million this year and will drop to 200 million annually from next year. The fiscal cost of lower social
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Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
EconomyBankingof strong growth post the pandemic,” said Alpha Bank CEO Vassilios Psaltis. “We anticipate... Equity Tier 1 (CET1) ratio stood at 16 percent, a drop of 125 basis points from the previous quarter
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Newsletter 300 - 11/06/2021
hitherto pointedly shunned. With ND maintaining a strong lead as it approaches the mid-point of its... consistently negative for the previous 13 months. December’s 2.3 percent drop surpassing the previous lowest
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Newsletter 303 - 02/07/2021
deliver on its promise of strong growth (upwards of 4 pct, as promised in the run-up to the 2019 elections..., with the signals further strengthened by the mild drop of 2.3 pct annually seen in the first quarter
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