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Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
EconomyBankingpercent in H1. Capital The Common Equity Tier 1 (CET1) ratio came to 16.3 percent in H1. The fully
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Producer prices drop 1 pct in Apr, in contraction for over one year
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in April, dropping by 1 percent year-on-year (YoY), after falling by 0.1 percent in March, ELSTAT data showed on Thursday. The index has been in contraction since March last year, although some of the base effects from the inflation peak
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Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
EconomyBankingThe Common Equity Tier 1 (CET1) fully loaded was 15.5 percent, while the capital adequacy ratio was 18.9
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
EconomyBankingstands at 41 basis points. Asset quality NPEs stayed below 1 billion euros in 9M, with the ratio at 2.5
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgramme. This is higher by almost 1 billion compared to its previous forecast, reflecting the troika’s view... as of October 1, the troika has reportedly also asked for a reduction in the number of installments to 72... the 2 percent included in the draft budget published on October 7, but above the Medium-Term Fiscal
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomya primary surplus target of 1.5 percent in 2015 ranges between 1.8 billion euros (1 percent of GDP... that the government is currently considering to cover the estimated fiscal gap involve: 1) A unified VAT rate between... for income between 20 and 50,000 euros, at 2.1 percent for income between 50 and 100,000 euros and 2.8
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European Commission evaluates impact of bailout programme
EconomyProgramme: 1) Granting guaranteed contributory pensions only at the attainment of the statutory retirement.... According to the Commission, the main objectives of these further reforms are to: 1) Establish... pension benefit rules of the agricultural fund (OGA). 7) Further increase penalties for early
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyunderperformance in July revenues, which primarily stemmed from: 1) No receipt of SMP and ANF income... 1 percent to 4.34 billion, marginally above target of 4.32 billion. Tax refunds dropped by 22.8...-tranche of 13 billion disbursed on August 20 - would be used for the payment of state arrears
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politics,” he said. “Mr Mitsotakis insists on talking about the need to adopt a 1:5 hiring rule, while we have managed to secure a 1:1 ratio,” he said. Tsipras concluded with a warning that Greece has not necessarily put behind it “the dark days of tough policies” and that only the result of the July 7
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Newsletter 257 -07/07/2020
1 percent of the 20 million euros spent across print, internet and TV went to opposition-friendly..., the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which..., Greece’s employment growth is set to fall by 3.5 percent this year and by 1 percent next year. Under
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