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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomybillion, yet remained 417 million above target. Moreover, PIB expenditure dropped by 45.4 percent..., estimated at 555 million 2) The non-receiving of ANFA income of 132 million The revenue breakdown
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammebe accompanied by an IMF tranche disbursement, yet this is subject to certain funding assurances over... with favorable financing terms, the debt to GDP ratios are estimated well above the November 2012 Eurogroup
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Newsletter 38 - 07/08/2015
from the left. These will be much easier messages to get across if Greeks have not yet started..., reportedly estimated at 25 percent of GDP, corresponds to around 45 billion euros. Decisive weekend
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Retail sales fell by 1.7 percent in June, after a short-lived rise in May
EconomyMacroeconomy) and 0.4 percent MoM in June. Volume improved 0.4 percent YoY, yet it eased 0.5 percent MoM. Retail... published by the Greek Federation of Commerce and Entrepreneurship, retail trade is estimated to have
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Budget revenues rebound in August but shortfall remains at 4.2 bln
EconomyMacroeconomyof 1.72 billion that have not been collected yet as well as non-assessment (and consequently non.... Although, the payment of ENFIA, remaining CIT instalments and vehicle circulation fees are estimated
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New Democracy decides on date for leadership vote, candidates get on the road
PoliticsGreek Politicsbe a serious contender. The fact that the party is not yet clear on who and how many will vote means.... The cost of holding the ballot is estimated at around 700,000 euros and due to the financial difficulties
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Piraeus Bank reveals mitigating actions aimed at reducing size of capital increase
EconomyBankingset at 75 and 25 percent respectively. CoCos would bear an annual coupon of 8 percent, yet the coupon... of Piraeus Bank Egypt that was announced in May 2015 with estimated capital strengthening of 165
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammeto receive the 10 billion euros set aside for bank recapitalisation. Although not defined yet, the next... to replace the 23 percent VAT rate on private education, which was estimated to raise 300 to 350 million
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingthat the initial acquisition cost of Finansbank was much higher, yet the resulting goodwill was gradually... is estimated to boost NBG’s Common Equity Tier 1 (CET1) ratio by around 600 basis points (bps). This solely
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammeThe mission chiefs from the quartet of Greece's lenders are expected to return to Athens in the next few days to begin the first programme review. Although the agenda has not yet been officially...) and the huge stock of pending pensions, which have an estimated cost in excess of 2 billion. Non
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