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Newsletter 87 - 09/09/2016
of the state budget posted a drop from last year. The breakdown showed revenues grew by 3.58 billion... monthly drop also includes arrears’ clearance of 970 million, according to the July budget execution... March 2012. The drop reflects a rise in the number of employed by 15,000 from the previous month to 3.68
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy. The marked drop reflects deterioration in all C/A components, with the most notable in the goods deficit... years, while the drop in exports largely reflects a decline in the value of oil exports. It is worth... by 6 percent, while those excluding oil remained almost stable. The continued drop in the services
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Retail sales rebound by 7.1 pct in July for first time in thirteen months
EconomyMacroeconomyThe turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop... drop of 7.2 percent in the corresponding period last year. The breakdown showed turnover in almost... store category that posted a month on month (MoM) drop in July was retail sale not in stores, where
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated... that the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... for the anticipated drop in bad loans also supported by collateral liquidations, collections and loan sales
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomysimilar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. This was the 17th successive drop leading the Eurosystem funding balance down to 68.49... billion euros, with a cumulative drop of 41.73 billion since June 2015. Around half of this reduction
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Newsletter 106 - 10/02/2017
and transfers by 1.53 and 1.07 billion, respectively. Arrears to the private sector recorded a notable drop... billion in 2009 to 5.82 billion in 2015. The marked drop in operating costs led to efficiency gains... in November from 22.4 percent in the previous month. The upward movement is attributed to a drop
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Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomy, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank... in March after a similar drop of 1.46 billion in February and settled at 17.31 billion at the end... programme was agreed. Around two thirds of that drop (44.4 billion) relates to lower dependence
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomy, mostly due to a sharp drop in transfers by 1.55 billion to 1.43 billion, while taxes also declined... fell by 573 million to 18.11 billion euros, largely due to a drop in social benefits by 559 million... drop from the previous month fully reflects a decline of 136 million in tax refunds and of 64 million
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeatures. Employment in the tourism sector grew by 7 percent between 2008-2016 versus the 23 percent drop.... With around 60 percent of these visitors staying in hotels, this rise comfortably offset the drop... conditions of 2015 also led hoteliers in Greece to drop their rates under pressure from travel agencies
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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomy. The month-on-month decline is the most substantial for the year so far and surpasses the drop in June... in the Emergency Liquidity Assistance (ELA) funding by 3.37 billion, the largest drop since June 2016... be reduced further by 1.6 billion euros to 38.9 billion. The drop reflected “developments in the liquidity
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