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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammein 2018, around 2 billion euros remained unpaid at the end of December. The Finance Ministry has argued... from the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent... is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2 percent
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Newsletter 197 -8/03/2019
, as well as the demand for a primary surplus of around 2 percent for the medium-term. He argued... oversubscription as offers reached 11.8 billion euros. Greek authorities had initially been looking to raise 2... servicing cost and smoothen the debt profile over the coming years. 2 GDP up by 1.9 pct in 2018 QoQ
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Newsletter 198 -15/03/2019
to make up just 2 billion euros, compared to 9 billion euros of non-performing mortgages... access and signed the first bailout. Greece raised 2.5 billion euros, was looking initially for 2... objectives it needs more credible measures to achieve them in the IMF’s view. 2 Unemployment at 18.7 pct
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBanking2017. Net interest income (NII) rose by 2 percent quarter-on-quarter (QoQ) and came to 355 million... and leasing exposures). P&L As mentioned, NII rose by 2 percent in Q4 to 355 million euros and declined..., while on a quarterly basis NIM was stable at 243 bps. Net fee and commission income was up 2 percent
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsfew days. Centre-left Movement for Change (KINAL) gained 7.1 percent (2 MEPs), the Communist Party (KKE) 5.7 percent (2 MEPs) and Golden Dawn 4.8 percent (2 MEPs). Beyond the considerable winning
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingstaying negative for a tenth quarter. A very slight increase in NPE formation of 2 million euros... and 2021. Reductions in 2019 are expected to come from the sale of the Pillar portfolio (2 billion... by the bank for the Pillar portfolio of residential mortgage NPEs worth roughly 2 billion euros. Non
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingeuros, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 500... and 2 percent YoY. Management noted that 2 billion euros in new loans that were disbursed in the final
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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economywith a guidance of 2 percent. The book continued to attract strong interest and closed just before lunch... and a yield of 3.6 percent. The new issue matures on April 2, 2024. The January issue was met... 2010. Greece raised 2.5 billion euros via this issuance, surpassing the initial target of 2 billion
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The oil and gas debate Greece is not having
Agorathe Paris agreement target of “limiting global warming to well below 2°C and pursuing efforts... of 2°C - there is little scope for the development of new fields, even when accounting for the natural.... The same paper estimates that, to meet a target of 2 °C, “a third of oil reserves, half of gas
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GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
EconomyMacroeconomythat in June, international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4... compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter... for next year is seen at 2 percent, from 2.1 percent in the previous outlook.
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