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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeatures(the ratio of bad debt to the total stock of debt) reached its lowest point on record at 5.2 pct... of the total at the end of 2018. Cleaning up the banks’ balance sheets became a policy priority... their balance sheets of 9.3 billion euros of non-performing consumer loans (61 pct of the total
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Retail and catering continued to dominate business activity, employment in 2022
EconomyMacroeconomyeconomy over the last decades. A total of 294,892 companies were registered in Greece, up from... with 11-50 staff. Some 16 pct of total employment comes from 213,982 companies that employ 384,245 workers. It is just 780 companies that employ more than 250 staff, with total workers in this category
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March current account deficit at 955.8 mln on improvement in goods balance
EconomyMacroeconomyprices. Total exports increased by 11.6 percent to 2.88 billion euros, while imports declined by 3.9... euros in holdings of foreign bonds and T-bills. A net increase in their liabilities for the month was mainly due to a 811-million-euro decline in non-residents' holdings of Greek government bonds and T
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomyin the 10-month period, with the state budget figure at 2.03 billion, making up more than half of total. Last... funds' arrears rose by 141 million MoM to 2.47 billion making up half of total arrears. Hospitals’ arrears followed suit accounting for 18 percent of total. In absolute figures, they hiked to 904
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyof total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account the breakdown of total collateral by type, the collateral poll is almost equally split between state..., the total figure stands at 115 billion. Assuming an average haircut of 40 percent, the nominal
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyto the total fiscal outcome. Local governments showed a small cash surplus of 49 million from 273... million (117 million in July) to 2.46 billion euros making up around 43 percent of total. State budget... million corresponding to more than 13 percent of total arrears. Arrears due to hospitals’ suppliers also
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Greek banks complete book building: A recap of where we stand
Economyparticipation has been completed. Alpha and Eurobank covered their total capital needs without any state aid... support to Greek core banks will reach 5.43 billion euros in total for the two banks. In addition... round of Greek bank recapitalisation for each bank Alpha The bank’s total capital needs (under
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General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
EconomyMacroeconomyto date, reaching 3.07 billion and making up 43.6 percent of total arrears. Hospitals’ arrears stood at 1.15 billion (16.3 percent of total) having risen by 215 million in the course of the year, while.... In addition, tax refund arrears stood at 1.26 billion euros, accounting for almost 18 percent of total
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Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
EconomyMacroeconomythe total overdue stock of 30.53 billion, over two thirds (22.51 billion) related to main SSC debt... of the total unpaid contributions between Q4 2016 and Q1 2017 contributed to this increase. The breakdown... of 3.34 billion euros (10.9 percent of the total). Overall, 827,369 debtors fall into this category
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General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
EconomyMacroeconomywas in extrabudgetary funds, where a YoY fall of 241 million was observed. The total figure for this category... percent of the total. Arrears Arrears to the private sector (including tax refund arrears) fell by 390...) and extrabudgetary funds (-7 million). Since the start of the year, total arrears have fallen
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