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Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
EconomyMacroeconomyrather than August as initially planned, plus higher tax refunds as mentioned above. Expenditure
6% -
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingfinancing, plus lower contributions from brokerage and asset management. Recurring operating expenses rose
6% -
Greek banks complete first round of covered bond issues
EconomyBankingof Piraeus Bank’s 10 billion euro covered bond programme. The yield was set at the 3-month Euribor plus 250
6% -
Pensions continue to be main source of income for half of Greek households
Societynot be able to do so. Some 20.2 percent of households have both the ENFIA tax plus a mortgage payment
6% -
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingthis year, plus spread reduction, also contributed negatively by 28 million euros. On a positive note
6% -
No bounce for Tsipras in poll as cracks appear in centre-left
PoliticsGreek Politicsthat KINAL has become a “PASOK plus” and not the renewed centre-left movement that many had been hoping
6% -
Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammeplus the longer term commitments aimed at: facilitating market access, smoothening the repayment
6% -
Newsletter 172 -27/07/2018
seven years due to a sharp rise in unemployment, plus wage and pension cuts.. Credit contraction
6% -
Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesservices are subject to 13 percent VAT. Food and beverage plus other services sold to clients incur
6% -
Athens adjusts foreclosure framework, waits for lenders to give green light
EconomyProgrammeis estimated to be around 650 million euros in ANFA and SMP profits plus around 330 million euros
6%