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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economyissued a new 5-year bond of 3 billion euros with the yield settling at 4.625 percent.... The last market access was in February this year, with the issuance of a 7-year benchmark of 3... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomythe biggest decline (-26 million) followed by tax refunds (-26 million) and state budget (-3 million.../ESM/IMF loans edged up very slightly by around 3 million euros, and represented around 70.5 percent of the total debt. In the other underlying subcategories, T-Bills edged down by 3 million to 15.28
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Mitsotakis pleads for strong mandate as polls suggest ND heading for landslide win
PoliticsGreek Politicsis also targeting Greek Solution because if the fledgling party fails to pass the 3 percent... finance minister Yannis Varoufakis, are right on the 3 percent threshold for gaining seats in the next... on 3.5 and Greek Solution and MeRA25 both on 3 percent again. Public Issue sees 40 percent
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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Newsletter 245 -27/03/2020
Staikouras, admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due... problems and only 3 percent expected the epidemic to have no lasting impact on their business... outflows of 349 million euros in January. Loans to sole proprietors edged down by 3 million euros while
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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... losses to exceed 3 billion euros. With city hotels already shut, resorts will soon face the challenge... primary surplus, of close to 3 pct of GDP, in the coming years to bring down its debt following
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomyof 71 million euros. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09... and services (-201million), subsidies (-194 million)and interest paid (-3 million). Arrears Arrears...) and state budget (-3 million). At 31.2 percent of the total, hospital arrears make up the majority
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Newsletter 261 -07/08/2020
. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09 billion euros. The main driver...), subsidies (-194 million)and interest paid (-3 million). Arrears to the private sector (including tax refund...) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyto September this year, it would shave off 3 percentage points of the growth to 4.5 pct, with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal... insurance contributions by 3 percentage points will have a fiscal impact of 816 million. Abolishing
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The case of SYRIZA's fiscal performance
Agora—cautious management to keep the primary balance strong (3 percent of GDP surplus on average) and renewed... distribution towards higher-income earners.[3] One new element in the mix is that Greece has submitted... remarkably under the SYRIZA government. [3] See for instance, the paper, published by LSE’s
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