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General govt primary cash surplus at 7.15 bln in Nov, arrears reduced further
EconomyMacroeconomyarrears have risen by 60 million euros, and hospital arrears by 36 million. At 44.8 percent... unchanged, while non-gg entities fell by 22 million and gg entities by 9 million. Bank-related guarantees
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations in the first quarter (Q1), reversing the loss of 60 million euros in Q4. The figure for the same...), which partially offset positive formation in mortgages (+22 million) and consumer loans (+13 million
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Greece rises through the ranks for LNG transport tankers
EconomyFeaturesis currently the world leader in LNG tankers with 87 vessels, with Greece in second place at 60 tankers... in November. The upgraded LNG terminal in Revithoussa, west of Athens, was inaugurated on November 22
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankinginto positive territory in Greece for the wholesale market (+60 million) and contracted by 117 million... by 166 million euros, while mortgages contracted by 163 million. Consumer loan NPLs dropped by 22
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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBanking, representing 22 percent of NPEs, however more than 67 percent of these loans have not been serviced for more..., which is close to 60 percent. Forborne loans exceeded 46 billion; representing 25.7 percent of total
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsproperty tax, a basic tax rate of 9 percent (down from 22 percent) and a top rate of 42 percent (down from 45 percent), and up to 60 percent tax cuts for self-employed workers on up to 10,000 euros a year
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Newsletter 215 -19/07/2019
a 20 percent reduction to the ENFIA property tax, a basic tax rate of 9 percent (down from 22 percent) and a top rate of 42 percent (down from 45 percent), and up to 60 percent tax cuts for self
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Support for euro grows in Greece, strong mistrust of EU easing
Societyunsatisfied with how democracy works in the EU, at 60 percent. Greeks were also reluctant... and single economic bloc has gained 22 pps among Greeks. Greeks also had a favourable view of being
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
Economy, have a combined cost of 135 million euros. The reduction of the entry tax rate to 9 percent, from 22... the objective values that properties get taxed on, and 60 million from new forms of checks on AirBnB are also
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammechange in the use of the bond profits. According to the Eurogroup statement of June 22, 2018... the recent decline in Greek bond yields. It sees Greek debt falling to 60 percent of GDP in 2055
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