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Rising prices and energy pressures threaten to undermine 2026 outlook
EconomyMacroeconomyin December. At the end of last year, private consumption had been forecast to grow by 2%, investments... revised its outlook last month to 1.9%, down from the 2.4% included in the final budget assumptions
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Newsletter 354 - 07/10/2022
topped 13 billion euros, which is a considerable sum for the Greek budget and a sign of how Mitsotakis... disgruntled voters. It is also one of the reasons that the draft budget for 2023, which was tabled...-election.EconomyDraft budget tells clear fiscal storyThe draft budget for 2023 that was tabled in Parliament
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Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
Economybinding offer was submitted for the sale of 100 percent stake in TRAINOSE (operation and management... that no offers were submitted in the concurrent privatisation process for the sale of 100 percent stake... 100 percent of TRAINOSE share capital. ROSCO is a newly established (2013) company fully owned
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PM touts strong economy and housing measures but voters focus on everyday worries
PoliticsGreek PoliticsPM Kyriakos Mitsotakis hit back at his critics in the budget debate on Tuesday, by unveiling new.... Mitsotakis used his budget speech to defend his government's record on the economy, stressing that the 2026 budget rests on a 2.4 pct growth forecast, which is double that of the eurozone, while
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Greece and troika agree 2013 primary surplus will be just 500 mln - here's why
EconomyProgrammeJust as the Finance Ministry in Athens announced on Wednesday a final state budget execution... government level, which includes local authorities and social security funds, the state budget... the backlog of previous years. The budget revenue numbers are also boosted by higher than expected
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General government bottom line continues to improve with moderate decrease in arrears
EconomyMacroeconomyof Finance (MoF). The released data incorporates SMP income of 1.5 billion recorded in the July budget... at the end of August. The state budget is the key element in the reported gg evolution. There is an important difference compared to the released budget execution for the same period, which relates
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RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 6.39 billion euros in the first eight months... Ministry (MoF) budget execution data showed on Thursday. The primary balance was above the target set... payments and the public investment budget came to 35.19 billion euros. Net revenues came to 34.68
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingpercent in Q2. The non-performing exposure (NPE) formation rose to 100 million in Q3 from 61... (bps) from 227 in Q2. Similarly to the other Greek banks, Alpha targets a cost of risk around 100 bps... reached 500 million in the two months of Q4, 400 million from Greece and 100 million from its
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingThe non-performing exposure (NPE) stock in Greece decreased by around 100 million QoQ to 27.5 billion... by more than 100 million to 33.1 billion. The bank noted that Q1 deposits were positively affected..., while their nominal value amounts to 2.7 billion. The bank noted that a 100 bps decrease in GGB
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Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
EconomyMacroeconomymillion above the target, while consumer NPEs amounted to 14.3 billion, 100 million higher than... above the target. This reflects an underperformance of housing and business NPLs by 400 and 100 million, respectively, outpacing consumer NPLs which stood 100 million lower than target. Commenting
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