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Government tables amendments with aim of securing bailout tranche within days
EconomyProgrammewill apply as of June 1 instead of January 1. This means that there is no issue any more... savings are legislated until September 30, 2016 and implemented as of January 1, 2017. The multi-bill
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomy, despite easing by 1 pp to 50.9 percent in Q1. The most notable decline was posted in the next age group... for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million..., while has been trimmed by 1 billion since Q3 2015, of which 0.7 billion stems from corporate... percent a quarter ago. The phased-in Common Equity Tier 1 (Tier1) ratio slipped to 17.5 percent in Q2
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NOME auctions as a mechanism to strengthen competition in the Greek electricity market
Legalof that said Law, as amended by para. 1 of Article 3 of Law no.4393/2016, establishes the sales... must be placed (namely article 135 para.2 Law. 4389/2016, as amended by article 3 para 1 of law... of the previous year. This calculation methodology is repeated in the KYSOIP Decision no. 38 Art. 1 para. 2.3.
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyyears) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... than 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion
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Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
EconomyMacroeconomythat prices in new apartments (up to 5 years old) dropped at a sharper pace of 1 percent quarter on quarter (QoQ) and 2.2 percent year on year (YoY) vis-à-vis the decline of 0.4 percent QoQ and 1 percent... percent in 2016 and by another 1 percent in 2017.
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomyincreased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above..., higher growth rates compared to the Greek ratio increase of 1 pp were recorded by Mexico (2.3 pp) and Turkey (1 pp). It is worth noting though that excluding social security contributions, the Greek
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... and 1 million euros increased by 22 bps to 5.06 percent, while that for lower amounts dropped by 14 bps to 5.28 percent. In addition, the interest rate for amounts above 1 million euros slightly
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Newsletter 105 - 03/02/2017
proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis... loans showed mixed trends, as the rate for loans between 250,000 and 1 million euros rose by 22 bps..., namely construction confidence (-7.8 points) and consumer confidence (-1 point). Over last twelve months
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