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Industrial production down 0.3 pct in Aug for first fall since Mar
EconomyMacroeconomyadjusted IPI in August edged up 0.4 percent from the previous month after a drop of 1 percent posted.... The August headline figure indicates the first negative reading since March. The modest drop largely reflects a decline in electricity production by 4.6 percent that makes up almost 21 percent of the total
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingstraight month at -66 million in Q3 from -18 million in Q2. As a result, the NPL ratio edged up... stock by 36 percent from 27.3 billion in Q1 to 17.5 billion at the end of 2019. The respective drop... stable as the anticipated ongoing drop in funding cost would be counterbalanced by further decrease
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomyoffset a notable drop by 76 bps in the previous month. A smaller rise of 23 bps to 5.87 percent... maturity (mostly credit cards) edged up 5 bps to 14.47 percent. The housing loan rate was reduced... loans up by 28 bps to 5.01 percent in October, its highest level since July and counterbalance
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Stocks climb 4.8 pct on increased optimism about deal with institutions
EconomyThe Greek stock market rebounded strongly this week, shooting up by 4.8 percent for the first rise... on Monday but picked up above the 50-million-euro mark in each of the four following sessions. Overall... in the previous week. Corporate news Hellenic Exchanges posted a sharp drop of 84 percent in 2016
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Since 2010, declared income has plummeted but tax due has risen
EconomyFeatures. Moreover, almost half paid annual tax of up to 90 euros, while their taxable income made up one..., while their taxable income made up 44 percent of the total figure. This category includes taxpayers... the drop in their declared income reached 39.5 percent (to 2.61 billion euros), meaning a decrease
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Current account deficit expands to 937 million in Feb
EconomyMacroeconomymainly reflects an increase in the goods deficit by 189.8 million and a drop in the primary income..., the corresponding payments fell at a faster pace by 32.5 percent leading travel surplus up to 48.3 million... billion euros, up by 511.6 million from last year, on the back of a rise in imports by 18.8 percent
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Newsletter 123 - 16/06/2017
and new tax debt, edged up to 94.79 billion, entailing a rise of 479 million from the previous month... the beginning of the year, largely on the back of a drop in the ECB funding by 6.73 billion, as Greek banks... million to 41.16 billion in May after remaining broadly stable in April. The drop in May is the highest
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Travel receipts rise by 11.3 pct in April on back of higher arrivals
EconomyMacroeconomyto 367.5 euros for the four-month period up to April, representing a drop of 0.8 percent. Declining..., there was a notable drop in arrivals from three other key countries. Arrivals from the US fell... from France were up by 42.2 percent and those from Germany increased by 38.7 percent. Conversely
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Primary cash surplus falls to 276 mln surplus at end of August amid revenue decline
EconomyMacroeconomyperiod also fell by 894 million to 29.04 billion euros. There was a drop in expenditure by 897 million euros in August, picking up pace from the drop in July of 374 million euros, to stand at 3.67... expenditure went up by 527 million euros to 32.81 billion euros. Discounting arrears payments, expenditure
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingbillion euros, and valued up to 19.5 billion euros by independent sources. For the scheme... to remove up to 25 billion euros of NPLs from banks’ books would involve state guarantees being issued... make up the portfolio, with 40 percent of the properties located in Athens. Non-binding bids
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