ECONOMY

Prime Minister

Mitsotakis to ask higher EU funds for migration and climate crisis

Prime Minister says that he will strongly raise the issues of migration and climate crisis at the European Council which will take place in Granada, Spain.

06/10/23 • 12:17

Thessaly Floods

NBG sees limited impact in 4Q GDP from floods; 4Q GDP at +1.6% y-o-y

National Bank sees limited impact in the fourth quarter GDP from the catastrophic flood caused by the Daniel Storm, whereas reconstruction projects will boost growth in 2024-25.

05/10/23 • 14:18

Commissioner for Agriculture visits flood-stricken ares

European Commissioner for Agriculture Janusz Wojciechowski, accompanied by Rural Development and Food Minister Lefteris Avgenakis, will visit flooded farmlands in the region of Karditsa on Thursday.

05/10/23 • 12:53

OECD

The responsiveness of the justice system is a challenge for Greece

Greece has to “improve the legal system’s effectiveness by simplifying administrative processes and communicating benefits of alternative dispute resolution mechanisms.”

04/10/23 • 17:33

Interest rates

New loans' interest rate rises 12bps m-o-m in Aug; Deposits/Loans spread widens

Greek average interest rate on new loans rises 12 basis points m-o-m in August to 6.33% while the interest rate on new deposits increases to 0.39%.

04/10/23 • 14:40

T-bills

Greece sells 812.5m euros of 3-month T-bills at a rising yield

Greece raises 812.5 million euros through the offering of 13-week Treasury-bills which yielded 3.90% higher from 3.72% in the previous similar sale in August.

04/10/23 • 12:52

Tax evasion

Tacking tax evasion could add 2b euros to government coffers annually

Calculations based on the VAT gap as measured by the European Commission show that Greece loses 2b euros from tax evasion every year.

04/10/23 • 12:05

ECONOMY

Bank credit to Greek private sector contracts further in Aug

Bank credit to Greece’s private sector contracted to 0.9% in August from 1.2% in the previous month.

27/09/23 • 12:51

Greek household savings drive bank deposits higher in Aug

Private sector bank deposits rise in Aug due to household savings

Private sector bank deposits recover in August, due to household savings. They stood at 189.35 billion euros, as of end Aug.

27/09/23 • 12:42

Greece sells 812.5m euros of 6-mo T-bills

Greece rolls over 6-mo T-bills; Yield rises to 3.90%

Greece's 26-week T-bill auction yielded at 3.90% higher 3.83% in August sale. Individuals can participate in the auction with a maximum amount of 15,000 euros each.

27/09/23 • 12:00