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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday. The headline figure is a new record low since Greece’s... for amounts above 1 million euros rose by 15 bps to 4.04 percent, while for amounts between 250,000 and 1
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5... savings of 1 percent of GDP each in 2019 and 2020 respectively and the implementation of counter... years, primary expenditure is seen rising by 1 percent in 2019 and then slowing to 0.5 percent
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy(YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted.... Meanwhile, general government consumption rebounded by 1.3 percent QoQ and 1 percent YoY, taking final... by at least 1 billion euros and range between 14.2-14.5 billion this year. Imports Unlike exports
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Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies
Legal, the energy efficiency target shall be at least equivalent to achieving new savings each year (from 1...-year period prior to 1 January 2013. Thus, a vast number of companies have been affected... of the energy sold for final consumption and a market share of 1 percent of the energy sold. The energy
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBanking) on NBG’s Common Equity Tier 1 (CET1) ratio. The latter stood at 16 percent in the first quarter... with 1,200 employees, 2,128 insurance advisors and 1 million customers, while its pre-tax profits stood... companies will generate approximately 1 billion in premia annually from the Greek insurance market
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Parliament debate yields little, wait for bailout tranche goes on
PoliticsGreek PoliticsPanos Kammenos’s actions in connection with the Noor 1 drug smuggling case were subjects that took... in the probing of the Noor 1 case. Mitsotakis and Tsipras were also involved in a lengthy and heated... by the International Monetary Fund to complete. The Fund wants official confirmation that the 1 percent
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About to soar? Greece's economy still needs to be handled with care
Agoraconsumption remains resilient, up by 0.7 percent in the second quarter and 1 percent in the first... are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion. This pick-up... of the reasons that contributed to the final quarter of year posting a 1 percent decline which had a carry
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... include the legislated post-programme measures of pension and tax reforms equal to 1 percent of GDP each... claims) will increase at around 1 percent per year. The Greek Finance Ministry expects lower inflows
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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomyby an increase in mining and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7... by 1 point.
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Newsletter 143
in the northeastern Aegean and the Dodecanese from January 1. Until now, these islands have had a 30 percent discount... consumption falling by 1 percent and a 9.3 percent increase in imports. Household consumption dropped... and dropped by 2.2 percent YoY, taking final consumption expenditure down by 0.1 percent QoQ and 1
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