Category: FINANCE

UK PM May survives no-confidence vote
FINANCE
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FINANCE
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UK PM May survives no-confidence vote

Panos - Jan 17, 2019

The UK government led by Theresa May, has survived a no-confidence vote, put forward by Labour Party leader Jeremy Corbyn,…

OECD: High taxes in Greece a break on economic growth
FINANCE
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FINANCE
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OECD: High taxes in Greece a break on economic growth

Panos - Jan 17, 2019

The OECD was the latest international body this week to sound the “warning bells” over the heavy tax rates now…

The “Natural Gas Forum in the Eastern Mediterranean” has been established
FINANCE
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FINANCE
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The “Natural Gas Forum in the Eastern Mediterranean” has been established

Panos - Jan 16, 2019

2019 starts with the establishment of the East Med Gas Forum, which demonstrates the importance attached to the strengthening of…

Preparations for Greece to return to the markets
FINANCE
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FINANCE
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Preparations for Greece to return to the markets

Panos - Jan 15, 2019

Greece is preparing to return to the markets with a bond, albeit of limited force (EUR 3 billion) and for…

Katainen: Greece first in terms of Juncker plan benefits so far
FINANCE
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FINANCE
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Katainen: Greece first in terms of Juncker plan benefits so far

Panos - Jan 11, 2019

Greece is in first place in terms of absorbing funds from the so-called Juncker plan, with total community-private sector funding…

Merkel praises Tsipras in Athens for Prespa agreement; cites ‘North Macedonia’ three times
FINANCE
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FINANCE
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Merkel praises Tsipras in Athens for Prespa agreement; cites ‘North Macedonia’ three times

Panos - Jan 11, 2019

Visiting German Chancellor Angela Merkel directly cited the Prespa agreement on Thursday afternoon immediately after her talks in Athens with…

Democracy “flawed” in Greece, says Economist Democracy Index 2018
FINANCE
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FINANCE
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Democracy “flawed” in Greece, says Economist Democracy Index 2018

Panos - Jan 10, 2019

Greece was ranked in the last 3 countries among EU nation-states in the Economist Intelligence Unit (EIU)’s Democracy Index for…

BoG Gov. Stournaras: Regulatory authorities, markets positive over plan to reduce banks’ ‘bad debt’
FINANCE
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FINANCE
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BoG Gov. Stournaras: Regulatory authorities, markets positive over plan to reduce banks’ ‘bad debt’

Panos - Jan 10, 2019

Influential Bank of Greece (BoG) Gov. Yannis Stournaras on Wednesday cited what he called "very positive" reactions over his central…

Greek FinMin: Goal in 2019 is 7 bln€ in market borrowing for 2019
FINANCE
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FINANCE
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Greek FinMin: Goal in 2019 is 7 bln€ in market borrowing for 2019

Panos - Jan 09, 2019

Greek Finance Minister Euclid Tsakalotos on Tuesday cited a seven-billion-euro figure that the Greek state will attempt to drain from…

Financial Times: Greece racks up surplus by keeping foot on investment brake
FINANCE
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FINANCE
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Financial Times: Greece racks up surplus by keeping foot on investment brake

Panos - Jan 09, 2019

Greece’s leftwing Syriza government expects that 2018 will have brought another record budget surplus as it strives to please investors…

EU Commissioner Moscovici to reportedly visit Athens
FINANCE
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FINANCE
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EU Commissioner Moscovici to reportedly visit Athens

Panos - Jan 08, 2019

European Commissioner for Economic and Financial Affairs Pierre Moscovici will visit Athens on January 16, according to media reports on Friday. Even though…

Private sector deposits continue to slide in Greece in Nov. 2018
FINANCE
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FINANCE
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Private sector deposits continue to slide in Greece in Nov. 2018

Panos - Jan 07, 2019

Private sector deposits in Greece decreased by 79 million euros in November 2018, a figure that, nevertheless, was still better…

Rapid growth points to a bumper year for Greek exports in 2019, exporters say
FINANCE
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FINANCE
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Rapid growth points to a bumper year for Greek exports in 2019, exporters say

Panos - Jan 05, 2019

Strong growth of Greek exports to record levels is expected in 2019, according to forecasts made by Greek exporters’ associations…

Private sector deposits continue to slide in Greece in Nov. 2018
FINANCE
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FINANCE
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Private sector deposits continue to slide in Greece in Nov. 2018

Panos - Jan 04, 2019

Private sector deposits in Greece decreased by 79 million euros in November 2018, a figure that, nevertheless, was still better…

Bloomberg: 3 major risks for Greece in 2019
FINANCE
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FINANCE
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Bloomberg: 3 major risks for Greece in 2019

Panos - Jan 04, 2019

Bloomberg this week sees thrice bailed-out Greece facing a difficult year in 2019, saying the recession-battered country must struggle for…

Deadline for payment of road fees moved to Jan. 11
FINANCE
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FINANCE
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Deadline for payment of road fees moved to Jan. 11

Panos - Jan 02, 2019

The finance ministry on Monday, the last day of 2018, announced an extension of the deadline for vehicle owners in…

Handelsblatt: Tourism helping Greece recover from econ crisis
FINANCE
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FINANCE
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Handelsblatt: Tourism helping Greece recover from econ crisis

Panos - Dec 31, 2018

Handelsblatt credits a booming tourism sector as helping recession-battered Greece recover, while also pointing to a return of real estate…

Greek state’s primary budget surplus overexceeds Jan-Nov target, reaches 7.626 bln€
FINANCE
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FINANCE
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Greek state’s primary budget surplus overexceeds Jan-Nov target, reaches 7.626 bln€

Panos - Dec 28, 2018

The creditor-mandated primary budget surplus, as a percentage of GDP, for the Jan-Nov 2018 far exceeded the target, reaching 7.626…

The exit strategy of Greece in the markets in 2019
FINANCE
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FINANCE
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The exit strategy of Greece in the markets in 2019

Panos - Dec 28, 2018

A change in tactics for Greece’s exit strategy in the markets is being made by the Public Debt Management Agency,…

Greek central bank insists on liberal reforms, measures to boost recovering economy
FINANCE
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FINANCE
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Greek central bank insists on liberal reforms, measures to boost recovering economy

Panos - Dec 27, 2018

The Bank of Greece's (BoG) interim report on monetary policy (2018) this week again insisted on agreed-to reforms as well…