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  1. PM wants no strings attached to EU funds as ND juggles with public finances
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    package is mostly driven by the reduction in the tax advance, which will drop from 2.4 billion euros... suggests that support for the government and prime minister remain strong, although easing slightly

    5%

  2. Newsletter 260 -31/07/2020

    Newsletters

    , the Greek navy is maintaining a strong presence in the Aegean. Greece views Turkey’s decision to step back.... According to the bulletin, the biggest drop in revenue was observed in property management with -71.3

    5%

  3. Data shows export market shake-up amid pandemic
    Photo by MacroPolis

    EconomyFeatures

    from 38th place. The drop in petroleum product exports and imports is linked to the decline..., Christina Sakellaridi, said “The significant increase recorded by France and the consistently strong

    5%

  4. 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

    5%

  5. BoG warns pandemic will leave trail of bad loans, hastening need for new tools
    Photo by MacroPolis

    EconomyBanking

    of 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

    5%

  6. Fitch keeps Greece at 'BB' rating as risks remain on horizon
    Photo by MacroPolis

    Economy

    pct. 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

    5%

  7. PMI rises to 50 points in January on hopes of vaccine roll-out

    EconomyMacroeconomy

    strong 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

    5%

  8. Industrial production up by 3.3 percent in December
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    strong 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

    5%

  9. NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
    Image via www.nbg.gr

    EconomyBanking

    organic 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

    5%

  10. PM banks on firms bouncing back after lockdown as SYRIZA decries immunity for Covid panel
    Photo by MacroPolis

    PoliticsGreek Politics

    activity 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

    5%