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  1. Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    , albeit this positive sentiment was the weakest since October 2015. At the same time, lower volumes... pressures. Moreover, weaker demand, lower production and challenging weather conditions resulted in lower

    5%

  2. Newsletter 107 - 17/02/2017

    Newsletters

    of measures substantially lower than 3.6 billion euros. Following this, Athens also wants the creditors... million lower than target, respectively. Specifically, revenues (before tax refunds) rebounded... 380 million, for extrabudgetary funds 268 million, while those for local government were much lower

    5%

  3. Round of talks nearing end with limited progress, serious doubts about March 20 goal
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    relate to reduction in the single property tax (ENFIA), lower VAT rate for certain products and services and reduction in the lower tax rates for personal income and in social security contributions... and pensions worth 1 percent of GDP each, while the government wants lower savings of around 0.75 percent

    5%

  4. Greek women in crisis
    Photo by Dimitris Skalakis/Fosphotos

    Agora

    domestic work, and working in lower-paid, lower-skill occupations with little or no social protection... decision to have a family.” She was subsequently demoted to a lower position, compromising her skills

    5%

  5. NBG records net profits of 73 mln in Q4, turns profitable for whole year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    million euros, largely reflecting higher insurance income and lower operating expenses. For the whole... more than offset lower deposit cost. During the conference call, the management said.... Fee income improved QoQ to 58 million mostly due to lower pillar II costs, while insurance income

    5%

  6. Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
    Photo by MacroPolis

    EconomyBanking

    percent to 1.32 billion mostly reflecting lower net interest income (NII). Asset quality Non-performing... down 0.5 percent QoQ to 453.2 million in Q4 as the positive impact from the lower funding cost..., aggressive cost management and lower cost of risk, while foreign asset disposals are estimated to have

    5%

  7. Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb

    EconomyMacroeconomy

    programme was agreed. Around two thirds of that drop (44.4 billion) relates to lower dependence... on Greek government securities, along with the lower haircut applied on ELA collateral.... Following the lower reliance on ELA funding, the corresponding collateral pledged with the BoG fell

    5%

  8. IMF downgrades Greek GDP and unemployment forecasts
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    of Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth... stands at 1 percent for 2022, lower than its previous forecast of 1.8 percent for 2021. The report also... points (pp) within 2018 is much lower than that (-1.9 pp) estimated for this year. Consumer prices

    5%

  9. Finance Ministry ups 2017 budget primary surplus estimates on higher revenue projections
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the net budget revenue by 1.29 billion euros, mitigated by lower Public Investment Budget (PIB... to 1.61 billion. The downward revision of PIB revenues is entirely attributed to lower EU funds... million. Primary expenditure was 1.19 billion lower than the target, while both PIB revenues

    5%

  10. Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
    Photo by MacroPolis

    EconomyBanking

    ) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost.... The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... was reduced by 900 million to 11 billion. Lower EC funding reflects a shift towards interbank repos, which

    5%