Search
-
Lenders return to Athens with much work ahead to reach SLA by May 24
EconomyProgrammeowning property that is worth more than 200,000 or 300,000 euros. Apart from addressing many... than 2020. The government hopes it can avoid this after beating its fiscal surplus target in the two... earning less than 1,000 euros a month will be affected by the reductions. Debt relief Tsipras
2% -
Parties mull changes to electoral law, top judge resigns
PoliticsGreek Politics, a reduction of the bonus for the winning party from 50 to less than 40 seats in Parliament, allowing Greeks... that the conservatives would be willing to help provide a super-majority of more than 200 out... apply immediately rather than after the next elections as the scrapping of the bonus only passed through
2% -
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking. The final price was rumoured to be equivalent to more than 20 percent of the portfolio's nominal value..., and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... by more than 30 billion euros by the end of 2019, so it falls to below 65 billion euros. According
2% -
Car sales up by 18.7 pct in May, motorcycle sales rise 16.3 pct
EconomyMacroeconomythe overall rise in car sales in 2017 was higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it remained less than half of the record high of 372,892 vehicle registrations
2% -
Despite debt deal likely falling short, IMF to retain a role in Greece
EconomyProgramme. According to the report, the extension of maturities will be set at 15 years (more than the 3-5 years... 48,961 property owners (0.7 percent) will see their ENFIA bill increase by more than 200 euros. The ministry said that 1,470,962 taxpayers (23 percent) would pay less property tax this year than
2% -
Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
EconomyMacroeconomytransactions and appraisals data. In other indicators, the housing loan balance has contracted by more than.... During last year, the absolute number of permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005.
2% -
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
EconomyMacroeconomybillion for the month of May, higher than the figure of 3.23 billion in April and 12.4 percent higher than the figure for the same time last year. The aggregate figure for the first five months... in the first five months of the year, 516 million better than the target.
2% -
The race to reduce Greece's bad loans
EconomyBanking, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9 billion, landing exactly... NPLs came to 35 billion euros, around 600 million lower than the target. Residential NPLs landed... by 36.5 percent to 37.2 billion from Q2 2017 until the end of 2019, higher than the previous target
2% -
Newsletter 168 -29/06/2018
unpopularity but also because it does not have more than around 12 months in power left. The political... by over 21 percent to 1.91 billion euros, higher than the target by 561 million euros. PIB revenues..., the PIB balance posted a surplus of 328 million, 518 million better than the target. Exports
2% -
Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBanking(QoQ) to 92.4 billion, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9... the quarter, corporate NPLs came to 35 billion euros, around 600 million lower than the target... than the previous target by 2.2 billion. The targeted reduction in NPLs is stated as 47 percent
2%