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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyDecember 1 to withdraw 100 percent of a cash amount transferred into current accounts held with Greek... into effect on September 1 this year. The procedure is defined by the Committee for the Approval of Bank... conditions described in the first intermediate step. As of September 1, the withdrawal limit for individuals
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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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Newsletter 149 -2/02/2018
by 0.5 percent and grow by 1 percent in 2020. Commercial real estate will grow by 0.3 percent each... volume falls by 2.9 percent after a revised drop of 1 percent in October Greece’s retail sales fell... volume showed a deeper decline, falling by 2.9 percent after a revised drop of 1 percent in October
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion... (BoG) figures showed. The respective figure for a year ago showed a deficit of 1 billion, meaning
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Unemployment rate falls to 21.5 pct in 2017 despite increase in Q4
EconomyMacroeconomylargely by a rise in the number of unemployed by 36,782 quarter-on-quarter to over 1 million, along... time since Q3 2011 when the absolute number of unemployed dipped below the 1 million mark. This trend... (over 1 year) declined for a fourth continuous quarter to 722,900. Out of the total, long-term
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammetowards the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1... from May 1 onwards and the full 1 billion euros will be destined for arrears clearance. The ESM also
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeof the tax-free threshold to be carried out next year along with the pension cuts worth 1 percent of GDP... programme. “Triggers for a rating upgrade could include: (1) continued successful implementation of fiscal... to some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2
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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme, which means that the 1 percent of GDP in pension cuts will kick in from the beginning of next year... to generate an extra 1 percent of GDP in revenues, should be implemented next year. The Greek... to pensioners just before the pension cuts take effect on January 1. There also seems to have been
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Eurobank net profits at 34.5 mln in Q1
EconomyBanking, the decline was -62 million, followed by small businesses (-12 million) and consumer loans (-1 million... not been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell...-in Common Equity Tier 1 (CET1) ratio fell to 15.3 percent from 15.8 percent Q4. The bank noted
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