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Newsletter 88 - 16/09/2016
of Greece. This will probably mean the current controversy dying down but it is possible... for the third consecutive quarter, edging down by 1.1 percent in Q2, ELSTAT figures showed... down together and identify a roadmap towards developing a dynamic NPL market. The latter institution
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomyGreece’s budget primary surplus edged down 1.1 percent to 3.76 billion euros in the 8-month period.... The state budget deficit stood at 1.04 billion euros in the 8-month period, down by 6.3 percent from... the 8-month figure stood at 4.79 billion, down 2.3 percent and 69 million lower than target. Summing
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Newsletter 89 - 23/09/2016
expenditure edged down for the first time since May by 0.6 percent to 3.27 billion, with the eight..., the corresponding payments surged 33.5 percent, dragging the travel surplus down by 5.9 percent to 2.61... judges are due to convene on September 30, would mean that the government should step down. Indeed
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IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct
Economyand to 45.1 percent in 2018, while the ratio is seen down to 43.2 percent in 2021. A broadly similar... and the eurozone partners “have to sit down and think about arrangements that will lead to a realistic... to be a long‑term viable plan rather than more of “kicking the can down the road.”
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Newsletter 91 - 07/10/2016
down to 23.3 percent in 2016 and further to 21.5 percent in 2017. On the following day, the IMF... of 2.8 billion. A week of reconciliation Govt backs down on dispute with church, reaches out... million, while the number of unemployed edged down by 5,400 to 1.12 million. Over the last 12 months
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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomy. The central bank funding balance edged down for the 15th successive month to 75.31 billion euros at the end.... This year it has come down by 32.20 billion. Owing to the higher fall in ECB funding compared to ELA... billion. The BoG financial statement also showed banknotes in circulation edged down for the fifth
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Current account surplus narrows to 1.82 bln in August
EconomyMacroeconomyeuros in August, down from 2.2 billion a year ago, Bank of Greece (BoG) figures showed on Friday... down by 10 million while the secondary income deficit increased by 22 million. In particular... by 4.7 percent to 1.42 billion, driving travel surplus down 8.8 percent to 8.43 billion. Financial
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Greece drops three places to 61st in World Bank's ‘Doing Business’ ranking
Economy, down from an upward revised 58th place in 2016. Moreover, Greece’s position is the worst among high... by Getting Electricity, down by six spots to 52nd and Getting Credit, down by four positions to 82nd
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Industrial production edges up 0.1 pct in September
EconomyMacroeconomyand trailers (up 26.6 percent). The biggest fall was recorded in mining of coal and lignite (down 38.2 percent), while a double-digit drop was also posted in beverages (down 21.6 percent) and wood and cork (down 11.6 percent). The seasonally adjusted IPI fell 1.8 percent from the previous month to 89
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingformation of 5 million. NPLs As a result, the NPL ratio edged down for the second consecutive quarter... south with the Q3 figure landing at 23.8 billion, down by 3.1 billion QoQ, on the back of an increase... loan balance down by almost 800 million QoQ to 65.4 billion, while deposits increased by 875 million
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