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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomy) and the UK (+17.5 percent), while arrivals from France grew by a modest 2 percent. In contrast, incoming... tourist arrivals in 2015 will be met. Such a development would correspond to a rise by 2 million... by 1 billion from last year’s figure.
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Newsletter 63 - 19/02/2016
(May 1). Regarding pension reform, signs of a potential compromise on the domestic front emerged..., Eurobank is due to publish results on March 2, followed by Alpha and Piraeus on March 3 and 9... over the past four years. Apartment prices fell for the seventh straight year in 2015. 2 A marriage
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeby setting loan repayments as 1 percent of GDP until 2050 and linearly amortised after that A capping of interest charged to Greece at 2 percent, with any interest that would have been payable in excess of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would
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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek Politicsto complete the remaining bailout measures ahead of the May 24 Eurogroup. Another 1 percent of GDP... the fiscal mechanism demanded by creditors to ensure that up to 2 percent of GDP in contingent measures can be implemented if the programme is off track in the coming years. Having already voted through 2
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset... and 0.3 billion to other securities. On the capital front, the bank’s phased-in Common Equity Tier 1
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomytarget of 3.5 percent could be reduced to 2 percent after 2018, which is consistent with debt..., with the non-performing loan (NPL) ratio increasing by almost 2 percentage points in the course..., Greek bank’s Common Equity Tier 1 (CET1) ratio reached 16.4 at the end of 2015 from 13.8 percent
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Newsletter 81 - 08/07/2016
deposit rate eases Greek households’ new time deposit rate fell by 2 basis points to 0.85 percent in May... euros and slipped by 6 bps to 5.17 percent for amounts between 250,000 and 1 million euros. The headline figure is the lowest since Greece entered the eurozone in 2002. 2 Privatisations can be win-win
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy, largely on the back of a 2 percent decrease in non-residents’ arrivals. At the same time, travel... arrivals by 1 percent. Financial account The financial account under direct investment increased by 93.... Meanwhile, the corresponding liabilities fell by 2 billion reflecting a drop in non-resident’s holding
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CPI falls at faster pace of 0.9 pct in November
EconomyMacroeconomy. The core index fell at an accelerating pace of 1 percent in November from 0.6 percent in October... percent), food and non-alcoholic beverages (-2 percent) and miscellaneous goods and services (-2 percent
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Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politics2023 to 2060 would have to be “equal to or above but close to” 2 percent of GDP. The gains... 1 billion euros extra in EU funds. However, he will have to weigh this against the fact that the IMF... there is more clarity on the debt measures. Lagarde said that around 2 billion dollars would be made available
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