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  1. Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment

    EconomyMacroeconomy

    in Q3 largely reflects a decline in household consumption (-0.8 percent) and investments (-7 percent.... Investments Gross fixed capital formation dived 7 percent QoQ in Q3, yet at a slightly slower pace..., imports over the 9-month period declined by 5 percent with the respective goods and services’ figures

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  2. Can Greece learn to love renewable energy?

    EconomyFeatures

    production by 2020 in line with Directive 2009/28 EC seems wildly ambitious.[5] In terms of renewable... of solar thermal system capacity in Europe at around 4.1 million m2 (2.9 GWth).[7] Since.../wp-content/uploads/2016/06/GSR_2016_KeyFindings1.pdf [5] http://www.ypeka.gr/Default.aspx?tabid=225

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  3. Greece’s embattled commercial steel market industry braced for more challenges
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyFeatures

    from 10.3 million tonnes in July to 9.01 million tonnes in August.[5] However, any effects from... rival steel markets in Italy and Spain had seen their exports rise.[7] The ENXE said at that time...-overproduction-1472971334 [5] http://www.hellenicshippingnews.com/china-steel-exports-fall-to-six-month

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  4. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    targeted a fiscal adjustment of 7 percent of GDP that would be mostly based on sustainable... percent of GDP) but fell short of the program objective (7 percent of GDP). Privatisation proceeds were... of more than 5 percent of GDP within three years (or 1.7 percent per year on average) has an increasingly

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  5. China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    /44d4c87c-98dd-4061-bdf6-b292884a5073. For 2015 data see: http://atlas.media.mit.edu/en/profile/country/grc/. [7] Last year 150,000... Shipping Company (COSCO) [5] for a 35+5-year-period. The concessions contract included an upfront... the expansion of Chinese tourism, [7] acquisition of commercial real estate, bidding for insurance companies

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  6. PDMA sets out plans to build on recent market forays with bond issues in 2019

    Economy

    and a coupon that reached 4.3 percent, into 5 new benchmark bonds maturing every five years and coupons... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros... 5 billion euros of its cash reserves. The figure drops to just 1.1 billion if new bonds reach

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  7. Going for Growth: What next for Greece's economy and banks?
    Photo by MacroPolis

    Agora

    property trades at a -46.3 percent real terms discount from its peak[5] and the sector can only recover... of firms at the top, particularly banks[7]. However, there are of course sources of optimism.../economic-political-outline?&actualiser_id_banque=oui&id_banque=44&memoriser_choix=memoriser [5] https

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  8. NBG reports net profits of 131 mln in Q1, accelerating profitability
    Image via www.nbg.gr

    EconomyBanking

    operations excluded voluntary exit scheme costs of 94 million and restructuring costs of 7 million... loans, -43 million in mortgages and -7 million in consumer loans. The group NPE ratio fell by 210... of this year. P&L Net interest income (ΝΙΙ) rose by 5 percent QoQ to 290 million, which was attributed

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  9. BoG awaits go-ahead from DG Comp over NPL scheme
    Photo by MacroPolis

    EconomyBanking

    value of 40 billion, banks have around 24 billion euros in provisions. DTCs total around 7 billion... minus provisions of 24 billion euros. At the same time, the SPV will receive 7 billion euros... along with the remaining 5 percent of the mezzanine and junior notes. In addition, the bank announced

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  10. Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
    Photo by MacroPolis

    EconomyBanking

    items, specifically the bank’s voluntary retirement scheme, PPI fell by 5 percent QoQ. PPI in Q2 2018..., the figure came to 146 million euros, showing a YoY rise of 5 percent. Ancillary fee volumes continued... operating expenses stood at 476 million in H1, reflecting a fall of 7 percent YoY. The cost-to-income ratio

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