Search
-
Newsletter 176 -28/09/2018
in Parliament on October 1 and then send to the European Commission, means that a decision by the Eurogroup... the opposition parties, which have scorned the SYRIZA leader’s attempt to cancel the 1 percent of GDP... on the need for additional pension cuts of 1 percent of GDP in 2019, which were legislated but made
6% -
Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomythe possibility of pensions not being cut by 1 percent of GDP next year despite the measure being pre... assumptions. Specifically, private consumption growth will be double the initial estimates, growing by 1... in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent
6% -
CPI up by 1.1 pct in Sept for highest rise since Nov 2017
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent..., the last time that the CPI went above 1 percent was in November 2017. The average CPI for the latest... (-1.2 percent) and recreation and culture (-1 percent). The month-on-month increase of 2 percent
6% -
Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammethat is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied... on October 1 and the plan that will be sent to Brussels is that the Finance Ministry will detail
6% -
Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingthe Jupiter portfolio of NPLs valued around 1 billion euros to a consortium of funds managed by Apollo and IFC... of investment banking and brokerage. Recurring operating expenses rose by 1 percent QoQ 274.5 million, falling... plan. Capital The Common Equity Tier 1 (CET1) ratio stood at 18.3 percent, down slightly from
6% -
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingcoming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII... (73 percent in Q2) and 72 percent at the group level. Fee income rose by 1 percent QoQ to 49 million... Equity Tier 1 (CET1) ratio stood at 16.4 percent in Q3 from 16.2 percent in Q2, which incorporates
6% -
Athens poised to unveil new minimum wage as post-MoU review continues
EconomyProgramme, the IMF maintains its long standing position that growth will retract to just above 1 percent, when... will then be issued by Labour Minister Efi Achtsioglou so the new minimum wage can be implemented from February 1... minimum wage up to around 630 euros from February 1.
6% -
Athens eyes implementation of name deal as Skopje homes in on NATO membership
PoliticsForeign Policy1, paragraph 1 (a) of the Agreement, which foresees "the technical transitional period shall relate... in accordance with Article 1 (3) shall commence at the opening of each EU negotiating chapter
6% -
Newsletter 192 -01/02/2019
into force on Friday, February 1. The increase was more than had been expected and above the level... time in a decade to 650 euros per month, from 586 euros currently, effective from February 1... their earnings improving as of February 1. The new minimum wage of 650 euros gross translates into 546
6% -
General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target
EconomyMacroeconomybudget arrears (-29 million). Extrabudgetary fund arrears rose by a slight 1 million euros.... In the other underlying subcategories, T-Bills edged up by 1 million to 15.28 billion (4.3 percent... under 1 billion euros. Bank support guarantees came to 350 million as mentioned, leaving
6%