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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingestimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer... in the departure of around 1,000 full-time employees with the annual benefit estimated at 40 million
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Newsletter 97 - 25/11/2016
(440 million). On the expenditure front, the budget estimates net savings by social security... and funding. The rating agency estimates that banks’ non-performing exposure (NPE) ratio will decline to 40... and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2
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Greece announces return to markets with 5-year bond, mostly targeting swap
Economy. Unlike the optimism created after the April transaction, the next issue in July fell short of estimates as the total offers reached 3 billion, while the coupon stood at the high end of initial estimates... conditions, while the settlement is estimated to take place on August 1. “The switch and tender offer
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Travel balance up by 81.4 pct in November, foreign arrivals increase
EconomyMacroeconomyvisitors, meaning that according to BoG at least, 2017 is set to exceed SETE’s estimates. Furthermore.... These estimates are also supported as being on track for 2017 by BoG.... projections, foreign arrivals are estimated to rise by 1.2 million or by 4.8 percent to 26 million
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Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
EconomyMacroeconomy’s estimates. Furthermore, travel receipts were foreseen to increase by at least 1 billion and range... surpassing estimates..... According to SETE’s projections, foreign arrivals were estimated to rise by 1.2 million or by 4.8 percent
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Turnover in tourism sector up 7 pct in Q4, increasing by 9.9 pct in 2017
EconomyMacroeconomyto BoG, tourism figures for 2017 have exceeded SETE’s estimates. Furthermore, travel receipts were... of 14.6 billion euros across the year, slightly surpassing estimates.... estimated to rise by 1.2 million or by 4.8 percent to 26 million in 2017. In total, the BoG figures
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Travel balance rises by 3.4 pct in Jan as expenditure out of sync with arrivals growth
EconomyMacroeconomythat according to BoG, tourism figures for 2017 exceeded SETE’s estimates. Furthermore, travel receipts were... expenditure of 14.6 billion euros across the year, slightly surpassing estimates.... estimated to rise by 1.2 million or by 4.8 percent to 26 million in 2017. In December, the BoG
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About last night
Agorabuffer came in line with expectations. The Eurogroup statement estimates the cash buffer... the precautionary credit line. The IMF’s estimates for Greek growth are much more conservative than... by the European Commission, Brussels had estimated an amount of just over 10 billion euros could be used
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Government looks to review visit for nod on tax package
EconomyProgrammeestimates and the primary surpluses of 2019 and 2020 will pave the way for a major tax bill to be tabled..., but the institutions approached them with some scepticism. The Greek side estimates that the new... profits is estimated at 1.2 billion euros; this is precisely the cost of the additional tax relief
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomythe European Commission and the IMF estimates (2.2 percent). The PBO argues that although..., the effectiveness of the motives for higher electronic transactions and the ambitious growth estimates... highlights that in nominal terms the positive impact estimated in the budget is just short
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