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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBanking. The bank noted that the results reflected strong trading and other income which stood at 775 million euros... (ΝΙΙ) fell by 4 percent QoQ to 277 million. This reflects mainly the rapid NPE reduction of 4.7... fee and commission income came to 63 million in Q1, up by 13.3 percent YoY, reflecting strong growth
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Mitsotakis heads to Washington with defence, energy and investment at top of agenda
PoliticsForeign PolicyPrime Minister Kyriakos Mitsotakis begins a two-day visit to the USA on Monday, a trip..., the Greek Parliament ratified the Mutual Defence Cooperation Agreement (MDCA) with the USA, which...”. In his address to the US Congress on Tuesday, which the government sees as a strong symbolic gesture
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesarea to their main residence to apply for protection. This concession covers mainly those who live... application process for the protection of a primary residence. The data showed that 44,446 users... for homeowners to settle their debts and protect their residence from repossession. Benefits Around 100,000
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Tsipras sets off for USA as prior actions, e-auctions dominate at home
PoliticsGreek PoliticsPrime Minister Alexis Tsipras chaired a meeting with key ministers on Friday to assess the progress the government is making in completing the 95 prior actions that have to be ticked off this year. The meeting was held a few hours before the Greek leader set off for his official visit to the USA
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BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
EconomyFeaturesgovernor's annual report, BoG analysts said that 2019 was a strong year for the Greek real estate... of granted residence permits in 2019. With the temporary closure of embassies around the world, this could... so-called Golden Visa scheme, which offers residency permits for investments of 250,000 euros or over
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammethe government and the institutions over the new primary residence framework are holding up the green light... president Valdis Dombrovskis also said there had been significant progress on the primary residence.... In the meantime, work will have to continue on the details of the primary residence framework, which is due
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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeloans secured by primary residence collateral. Additionally, the new scheme creates an additional... of Non-Performing Exposures (NPEs) from the systemic banks. The protection of primary residences under.... The Commission highlights that the protection of primary residences was unilaterally extended until the end
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Athens set to press ahead with primary residence law despite differences with lenders
EconomyProgrammehas seen the new primary residence framework, which is due to succeed the Katseli law that expired... framework governing the protection of primary residences from foreclosure without necessarily first... residences. The institutions also raised concerns about the inclusion of the second group of NPLs
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Newsletter 338 - 20/05/2022
that apart from further bolstering Greece-USA ties, he also had an opportunity to convey his beliefs... 5-year Mutual Defence Cooperation Agreement between Greece and the USA. He called it “A powerful... job roles are waiters, kitchen staff, cleaning staff and receptionists. These positions make up 60
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Primary residence talks continue amid uncertainty about draft legislation
EconomyProgrammeThe Greek government remained in discussions with the institutions on Thursday over the details of the primary residence framework amid concerns that Athens is set to act unilaterally and table... against primary residences that the government would like to be included in the new framework. According
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