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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingthe sale of unsecured loans. This could be excelled to reach around 2 billion euros, leaving 2.2... Greek banks are expected to increase provisions by roughly 6 billion euros. NBG noted that IFRS 9 adoption would push domestic NPE coverage up by around 6 percentage points to 61.3 percent
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General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
EconomyMacroeconomyeuros to stand at 1.69 billion euros. The equivalent figure for the same time last year was 2... (-43 million), state budget (-24 million) and extrabudgetary funds (-2 million). Increases were noted... billion to 21.21 billion, making up 6 percent of the total. In the year-to-date, repos have risen
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingwith negative formations of 2.4 billion and write-offs 3.7 billion, around 2 billion of which were... of a 2 billion euro portfolio of unsecured retail and SBL portfolio in Greece for a total consideration of around 6 percent of the outstanding principal amount, adding roughly 18 bps to the CET1 ratio
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Newsletter 227 -08/11/2019
. The other parties are some distance behind, led by centre-left KINAL on 6 percent. EC sees growth at 1.8... expected in the spring forecasts published in May, compared to a 2 percent estimate in last year’s autumn... billion euros in September and made up 6 percent of the total. Finally, the stock of gg guarantees
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Newsletter 267 -02/10/2020
households,19.1 percent of the budget is spent on food. 2 Budget primary at deficit of 5.48 bln in August... of the pandemic. Economic sentiment drops to 89.5 pts in September Consumer confidence falls 6 points... by 6 points month-on-month and came to -41 in September. Compared to the same month last year
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomy, and just short of 8 pct in the last quarter of the year. Private consumption is seen dropping by 6...) will be a key driver for growth, adding 2 pct of GDP growth, from the 5.5 billion euros of inflows..., with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal
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Newsletter 291 - 02/04/2021
in the form of grants, 6 billion euros will be given over to the Green Transition – one of four pillars... that will come to Greece in the form of grants, 6 billion euros will be given over to the Green Transition... worsened by 10.6 points. 2 Consumer confidence improves in March Retail, services and employment
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agoraare still going ahead[2]. Under the latest plans, the Alexandroupoli plant will be linked... not become commercially operational until late 2025 rather than the original target of early 2024[6... 5, 2024). [2] The 2023 draft NECP in fact includes one additional gas-fired plant, increasing
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Newsletter 454 - 07/03/2025
this week), 26 from SYRIZA, 11 from New Left, 6 from Course for Freedom, 6 from Movement for Democracy... for France and 3.92 pct for Italy, compared to 2 pct, 2.9 pct and 3.2 pct respectively in December... performance is structural and could be repeated in 2025, leading to a primary surplus of over 2 pct
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyinterventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... the poverty threshold (59.4 million) 6) Re-establishment of the Worker Housing Organisation to grant...) and reintroduction of the “socially just” taxation on large properties, with an estimated cost of 2
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