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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomyof 2018. Following two recessionary years, the BoG estimates a strong GDP rebound of 2.5 and 3... and gradual restoration of confidence. The BoG estimates growth of 10.8 and 12.1 percent... recovery of demand and the impact from the indirect taxes. BoG estimates that the impact of the rise
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyforecasts published on Thursday. As expected, the EC revised its GDP growth estimates downwards for 2017... at the same rate as in 2017 by 1.4 percent. Meanwhile, the EC upped its unemployment rate estimates...). Furthermore, the EC noted that its fiscal estimates do not incorporate the ongoing revenue administration
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyimpact of the recession and austerity measures. Its cost is estimated at 1.86 billion euros. The key interventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... security contributions with an estimated cost of 6.5 billion euros, which is the highest of the three
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 1.3 percent of GDP respectively. These measures mainly aim to cover the higher fiscal gap estimated... percent, with estimated revenues of 450 million in 2016. 2) Taxation of 30 percent on gross gaming revenues of VLTs with estimated revenues of 35 million in 2015 and 225 million in 2016. This relates
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Greek economy surprises in Q3, eases by a marginal 0.5 pct
EconomyMacroeconomyStatistical Authority (ELSTAT) flash estimates displayed on Friday. The headline figure for Q3 indicates... flash estimates will be revised upon the release of provisional estimates on November 27, also taking... as well as the turnover indices for the service sectors. The flash estimates also showed GDP slipped
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Time running out for Golden Visa as housing problems increase
Agoralast week, Piraeus Bank estimates that during the crisis some 197,000 new households were created, against an estimated 155,000 new properties built in the 2012 to 2022 period. This imbalance of roughly... focused on securing as much revenue as possible from the segment. An estimated 5.54 billion euros
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economyspending, thanks to various support initiatives that the Commission estimates at 6.9 pct of GDP... months and the exposure to travel restrictions makes its estimates subject to downside risks as even a small extension of those restriction will have a disproportionately large effect on the estimates
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Troika returning to Greece but key decisions still months away
PoliticsGreek Politicsprovisions that should be amended or repealed. The Paris-based organization estimates the benefit... is how to cover Greece’s funding gap for this year, which is estimated to be 4.4 billion euros by the IMF, and then how much will be needed to finance the country in 2015/16. The IMF estimates
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Newsletter 3 - 14/11/2014
the troika reportedly estimates at 2.6 billion euros as it believes that the law passed last month... after 16 successive quarters of recession, according to the flash estimates published by the Hellenic... increases the potential revenue for the state. The government had reportedly estimated next year’s
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingestimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31.... Based on current collateral valuation and haircuts, Piraeus estimates its ELA collateral buffer... in the departure of around 1,000 full-time employees with the annual benefit estimated at 40 million
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