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General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
EconomyMacroeconomybillion while compensation of 16.22 billion euros accounted for 20.4 percent of the total. Arrears... and tax refund arrears by 11 million. Since the start of 2017, total arrears declined by 1.58 billion... the largest portion of overall arrears at 45.5 percent of the total, and stood at 1.51 million in December
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Central government debt grows to 328.70 billion in Q4
EconomyMacroeconomy’s share of overall loans, accounting for 70.9 percent of the total and came to 232.96 billion... almost unchanged at 14.94 billion, accounting for 4.5 percent of the total debt, while repos reached 14.93 billion, also representing 4.5 percent of the total. The breakdown also showed that special
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Greek health care spending in the spotlight
EconomyFeaturesaccepted a total of 50 million euros in kickbacks from the Greek subsidiary of the pharma giant..., Greece’s health care spending outpaced the country’s growth rate, with total expenditure on health... following 2009. According to Eurostat, total expenditure on health was cut by a third, between 2009
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General govt primary cash surplus at 3.26 in Feb, arrears up by 237 mln
EconomyMacroeconomyof the total. Arrears Arrears to the private sector (including tax refund arrears) rose by 237 million after... was tax refunds, which constitute 22.9 percent of the total (776 million). Debt Central government gross... billion, representing 69 percent of the total debt. Bonds rose to 53.46 billion (15.9 percent of the total
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Greek banks push for return to normality
EconomyBankingthe total of non-performing exposures (NPEs) to stand at roughly 35 percent of all loans by the end of next year. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total... by 3.29 billion month-on-month. July’s reduction brought the total for central bank funding to 13.02
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Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
EconomyMacroeconomyaccounted for the lion’s share of total expenditure in H1 2018 at 80.4 percent with corresponding receipts... percent). Receipts from trips for health purposes fell by 15 percent year-on-year to total 20 million.... Visitors from within the EU 28 made up 63.9 percent of the total, with non EU visitors accounting for 25.9
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Newsletter 179 -19/10/2018
by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September. Of this total, 766 million... at 1.57 billion, beating the target by 433 million euros. Of the total revenues, 1.42 billion were EU... YoY to 1.67 billion, falling under the target by 1.24 billion. Out of the total PIB expenditure, 1.32
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingand unsecured consumer loans for a total outstanding principal of 1.1 billion. Of the total... portfolios worth 1.9 billion euros in total under the names Project Jupiter and Project Mercury. The sale.... As of Q2, the figures came to a combined total of 28.3 billion, meaning that 2.4 billion remain
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingfrom 81 percent previously. Under new guidelines submitted by the bank, the total stock of NPEs... a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, which deals
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New court verdict adds to concern about impact of backpay on fiscal balance
EconomyProgrammein the public sector with a total bonus of 1,000 euros, in the form of Christmas bonus of 500 euros... sector could be eligible to have the 1,000 euros annual bonus reinstated that would bring the total... applicable for pensioners, who also had a total bonus for Christmas, Easter and holiday of 800 euros
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