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Government budgeting on a late RRF sprint
EconomyMacroeconomyGreece has received 65 pct of the total envelope, amounting to more than 21 billion euros, just 10... on indirect taxation, specifically VAT. This year will see strong budget revenues, with total taxes... taxation at 55 pct of total taxes and income taxes at roughly 37 pct. VAT has a prominent role
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Newsletter 485 - 21/11/2025
channelled via commercial banks will reach 75% of the total envelope. Reports suggest, however... billion of interest expenses projected for next year. The Greek budget this year will show a total surplus of 0.6% of GDP, roughly €1.5 billion, and a modest total deficit of €0.5 billion, or 0.2% of GDP
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Newsletter 490 - 16/01/2026
at addressing cost-of-living challenges, which kicked in on January 1. As Mitsotakis looks to the next general..., which account for 18.5 pct and 9.7 pct of the total survey respectively. Of those who say.... The projected results show New Democracy with 32.4 pct and PASOK with 14.9 pct. In total, nine
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BoG sees encouraging signs for Greek economy but warns on reforms
Economypositive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor... that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingfor the group and to 114 percent for Greece. The latter is expected to improve by 2 percentage points... Common Equity Tier 1 (CET1) ratio improved to 16.3 percent from 15.6 percent in Q1. The quarterly... ratio at 40 percent (55 percent in Q2), cost of risk less than 1 percent (2.2 percent in Q2), loan
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ECB tests find negligible capital shortfalls at Greek banks
Economy. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8...) in the baseline stress test and 2 billion (CET1 at 8.87 percent) in the adverse scenario, which fully offset... the net capital issuance of 1 billion (capital increase of 1.75 billion minus repayment of state
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyin October was posted in corporate loans with fixed maturity for amounts above 1 million euros where... and 1 million euros. In the other lending segments, the rate of housing loans fell below.... For consumer loans without a defined maturity (mainly credit cards) the rate marginally rose by 2 bps to 14.48
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Greek banks set for early ELA return in apparent precautionary move
Economytranslation of 1.5 – 2 billion euros on domestic deposits. Most analysts expected Greek lenders to make... would no longer be eligible for ECB funding from March 1. However, it appears that liquidity... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides
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Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
EconomyMacroeconomyrevenues grew by 1 percent to 47.1 billion euros, with December revenues up 5.1 percent. MoF data.... However, both years’ figures are not fully comparable since they incorporate: 1) Payments of state arrears to the private sector of 6.16 billion euros in 2013 and 1.15 billion in 2014. 2) Greece’s
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Moody's explains why it sees SYRIZA win as credit negative
Economytakeaways from the report include: 1) New coalition government will likely challenge troika stance 2... program. Moody’s forecasts GDP growth at slightly above 1 percent in 2015, while sees significant
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