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Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
EconomyProgrammethat claimed it would be somewhere between 7 and 8 billion euros by insisting that Athens is only... on Friday that European Union sources suggest that the final amount may reach around 7 billion euros... and 15 billion euros, with some reports claiming that the target is 12 billion.
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BoG looks at other programme exits and options available to Athens
EconomyProgrammethat will cover the country’s funding needs for 12 months after this August. The central bank dedicates... and 7 PPS. Cyprus has a number of common characteristics with Greece in the way it concluded its..., it issued 5, 7 and 10-year notes. In July 2016, just months after the completion of the programme, it issued
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingmillion in corporate loans, -12 million in small business loans and -7 million in consumer loans... million, rising by 19 percent QoQ. Operating expenses fell by 7 percent QoQ to stand at 231 million
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeatures, with Italy alone receiving 12 percent. Demand for Greek exports in Italy has risen by 57 percent... the crisis, roughly 6 to 7 percent, exports to non-EU countries grew at a slower rate. In these markets, Greek exports rose on average by 3 percent per annum during the crisis compared to an average of 7
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Bank of Greece outlines challenges to SME funding, gaps in knowledge
EconomyFeaturesquarter belongs to only one owner and the remaining 7 percent is owned by other enterprises, business... turnover and 12 percent are mainly exporting firms. In terms of sector of activity, almost 50 percent... credit (15 percent), leasing (9 percent) and other financing sources (less than 7 percent). Bank
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingoperations excluded voluntary exit scheme costs of 94 million and restructuring costs of 7 million... loans, -43 million in mortgages and -7 million in consumer loans. The group NPE ratio fell by 210... million in Q4 and 12 million euros in Q1 2018. Operating expenses fell by 6 percent QoQ to stand
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Clash over judiciary persists as second round of local elections nears
PoliticsGreek Politicsto support or reject candidates put forward by SYRIZA. If ND wins the July 7 general elections... 26, the centre-right party is hoping to have control of 12 out of the 13 regions by Sunday night... in determining the final outcome of the July 7 general elections and whether ND has a clear
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingbillion in Q2. In the last 12 months, NPEs have been reduced by 4.5 billion. The bank noted that organic...) fell by 3 percent QoQ to 300 million. In the 9M period, NII rose by 7 percent, which... expenses fell by 7 percent YoY to stand at 621 million euros, and dropped by 4 percent QoQ to 213
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Promises and challenges of Greece's "green new deal"
EconomyFeaturesthat investments in clean electricity would add over 12 billion euros to the economy over their lifetime... globally for photovoltaic penetration according to the IEA, with solar providing over 7 percent of its..., as of 2017 the country was 7 percentage points behind meeting its EU targets for renewable
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicspackage will support the real economy. Its research arm recently estimated that 1 in 7 firms could... applications since May 20, taking the total for both rounds to more than 7 billion euros so far. Also... of contributions will be 1.6 billion. A 12 pct recession leads to 3.2 billion fewer contributions
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