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Banks focus on defining challenge of reducing NPEs
EconomyBankingcomes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros, as of June 30... value of the loans. The total value of Amoeba following two rounds of interest exceeded 2 billion..., the banks is looking to form a portfolio of approximately 2 billion euros of SME NPLs backed
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For better or worse: Greece's bailout exit deja vu
Agoraand estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period... on current policies Greece would need 2 percent of GDP in measures to sustain the 3.5 percent primary... a fiscal gap of 1.1 percent of GDP, or 2 billion euros. This meant that if Samaras wanted to close
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Newsletter 172 -27/07/2018
between 2 percent and 2.5 percent over the next three years, with the potential of stronger growth... and came to 1.12 billion euros, whereas outside of the EU receipts dropped by 2 percent to 312 million... and revenue for Greece as competition picks up in neighbouring destinations. 2 Primary surplus
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Newsletter 174 -14/09/2018
, after April’s rise of 2 percent. Last year, the index remained consistently positive. Month-on-month... trip rose by 0.6 percent to 498 euros compared to 495 euros for the same time last year. 2..., the index fell by 0.4 percent quarter-on-quarter (QoQ) after having risen by 2 percent in Q1.The
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Newsletter 175 -21/09/2018
the responsibility for collecting this tax to the local government from 2021. He said that the 2 billion euros... that savings of 2 billion euros of savings could be made over a period of two years. Mortgages play... capital controls eventually lift. 2 Primary cash surplus up to 16.76 bln in Aug Improved revenues
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomy. The issue of savings worth 2 percent of GDP for the post-programme period was pivotal.... As such, the IMF argued that this required additional savings of 2 percent of GDP, which would come from 1... at their disposal an expansionary package worth close to 2 billion euros of spending with the lion’s
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyin consumption tax to 6.34 billion, while VAT revenues also rose by 2 percent to 11.86 billion. On a monthly... reached 1.27 billion. The MoF is targeting privatisation revenues of around 2 billion euros... the target by 155 million. Overall, in the first nine months of the year, expenditure increased by 2
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
EconomyMacroeconomyfor the purpose of this forecast, Greece is expected to grow by 2 percent in 2018, slightly higher from the 1.9 percent previously. Growth next year is seen at 2 percent, from 2.3 percent previously although... to 2.3 percent growth. Growth for 2020 is also seen at 2 percent. Although investment is expected
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammein 2018, around 2 billion euros remained unpaid at the end of December. The Finance Ministry has argued... from the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent... is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2 percent
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Newsletter 198 -15/03/2019
to make up just 2 billion euros, compared to 9 billion euros of non-performing mortgages... access and signed the first bailout. Greece raised 2.5 billion euros, was looking initially for 2... objectives it needs more credible measures to achieve them in the IMF’s view. 2 Unemployment at 18.7 pct
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