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Primary cash surplus at 2.33 bln in Nov as expenditure rises, PIB deficit widens
EconomyMacroeconomya year ago. BoG noted that this year’s figure includes a one-off item of around 2 billion euros related... euros. The figure increased by 108 million euros to come to a total of 5.47 billion on an aggregate
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Retail sales fall for second straight month in Oct, with 0.8 pct decline
EconomyMacroeconomyimproved by 0.2 points to stand at 54 points in November. Retail trade confidence picked up from 2 points... in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion
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Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
EconomyMacroeconomy’s figure included a one-off item of around 2 billion euros related to National Bank (NBG) revenues... euros to come to a total of 6.27 billion on an aggregate basis. The deficit in the Public Investment
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyconducting military exercises close to Cyprus's Block 2 and 3 and has blocked the area using a NAVTEX... profits from the outcome of research conducted by foreign companies such as ENI, France’s Total
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Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
EconomyMacroeconomyby the European Commission showed that consumer confidence dipped by 2 points to stand at -53 points... estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingto own funds until 2023, backloaded in the last 2 years of the horizon, and booking 30 percent... for NBG. The total impact on capital adequacy is seen at 230 bps for Alpha, 290 bps for Eurobank, while
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Much ground to cover on prior actions despite privatisation progress
EconomyProgramme, or GLF, loans that Greece has to repay from its first bailout. The total of GLF loans stands at 52... stake in Athens International Airport are key to Greece achieving the 2 billion euros in revenues from
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Primary cash surplus at 7.72 bln in March on strong underspend
EconomyMacroeconomyeuros against last year’s total of 10.72 billion. Compared to the same time last year, expenditure... to 9.45 billion euros, very slightly below target by 2 million euros. It should be noted, however
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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingnext year and marginally grow by 0.2 percent in 2020, a total deviation assumption of 10 percentage... of the phase-out of the preference shares subscribed by the Greek state which were converted to Tier 2
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBanking. The total value is 1.6 billion euros, though sources note that in the second phase, the bank can... and commission income fell QoQ by 10 percent (79 million versus 87 million) but rose by 2 percent YoY
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