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Economy

Greece’s private sector bank deposits increased for 3. consecutive month

Private sector bank deposits increased for a third consecutive month in July 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month, nearly a billion euros above the figure for the previous month of May 2017. “Nevertheless, deposits in the still bailout-dependent …

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Debt cut for Greece not on the agenda for now, says Schaeuble

Greece must press ahead with implementing its reforms-for-aid program and become more competitive, German Finance Minister Wolfgang Schaeuble was quoted as saying, adding that debt relief for Athens was “currently” not on the agenda. Euro zone finance ministers and the International Monetary Fund reached an agreement on Greece in June, …

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Tax office calls on 6.3million owners to pay €3.153billion in Property Tax (ENFIA 2017)

Tax office is calling property owners in Greece. 6.3 million owners will have to pay in total 3.153 billion euros in property tax (ENFIA 2017) for the time between September 2017 and January 2018. The declarations for the so-called Unified Property Tax (ENFIA) were uploaded on taxisnet on Sunday evening, …

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Fitch upgrades mortgage-covered bond programmes of 3 Greek banks

Fitch Ratings announced an upgrade of four Greek mortgage-covered bonds programmes issued by Alpha Bank, National Bank of Greece and Piraeus Bank to ‘B’ from ‘B-‘, as follows: – Alpha’s covered bonds upgraded to ‘B’ from ‘B-‘; Stable Outlook – NBG’s covered bonds Programme I (NBG I) upgraded to ‘B’ …

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Disposable income of Greek households has increased, claims …

“The disposable income of Greek households has increased in the last two year,” Panagiotis Rigas said on Friday. Who is P. Rigas? The General Secretary of Greece’s governing SYRIZA. In an interview with Athens 984 radio, Rigas claimed the disposable income of Greek households has increased in the past two …

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Greece publishes maps for hydrocarbon research in Ionian Sea and off Crete

The Greek Environment and Energy  Ministry published the maps for hydrocarbon research and exploitation rights. The areas are located in the Ionian Sea and off the island of Crete. The map were published on the Government Gazette on Wednesday. The areas affected are: Ionian Sea: One plot north of the …

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Bank of Greece: Increased surplus in the balance of travel services in June

In June 2017, the balance of travel services showed a surplus of 1,9 million euros, up 15.5%, according to information by the Bank of Greece. In June 2016, the surplus amounted to 1,66 million euros. Travel receipts rose significantly and this was driven by a 13.0% increase in inbound traveller …

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UPS Schaeuble wants to allow EZ South to tap ESM for investment

German finance minister Wolfgang Schaeuble was always against a common European debt, against Eurobonds and new support programs for the European South. He seems to have made a U-turn. As expected not without strict measures and concessions. According to German daily BILD, Schaeuble is working on a proposal that would …

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Fitch upgrades Greece to “B” from “CCC” with “positive” outlook

Fitch Ratings upgraded on Friday Greece’s Long-Term Foreign-Currency Issuer Default Ratings (IDR) to “B-” from “CCC”, with a “positive” outlook,based on its view that the country’s third adjustment program review will be completed without creating instability and that the Eurogroup will grant debt relief in 2018. The full rating report …

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