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Newsletter 220 -20/09/2019
stated its intent earlier this year to repay some IMF loans ahead of time. But political developments... to repay 2.9 billion euros, which carries an interest of 4.9 percent and the prepayment will save
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Focus shifts to DSA, fiscal targets after IMF loan prepayment
EconomyProgrammeand interest charges next year, decelerating to 1.44 billion in 2023. Greece was due to repay on December 3... billion euros. Following the prepayment, the Greek authorities will not have to repay any IMF loans until
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Turnover in services shows year-on-year improvements in Q3
EconomyMacroeconomyin cleaning activities (+17.8 percent), information service activities (+14.9 percent) and services... points. Year-on-year, the service confidence indicator has worsened substantially by 46.6 points....Turnover indices for the services sector showed a slight improvement in the third quarter (Q3
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Turnover in services sector worsens again in Q2
EconomyMacroeconomyof the 14 service activities posted a decline in Q2 with the most notable drops in services... service activities posted a quarter on quarter decline in their turnovers, namely information services...Most of the turnover indices for the services sector fell year on year in the second quarter (Q2
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Turnover in services sector improves in Q2 2018
EconomyMacroeconomytesting and analysis (-2.1 percent) and information service activities (-0.7 percent). On a quarter... is the lowest reading since January. Year to date, service confidence has dropped by 1.5 points....Turnover indices for the services sector recorded an improvement in the second quarter (Q2) of 2018
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according... architectural and engineering activities turnover (up 16.6 percent), information service activities (up 6.5
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Turnover in services improves strongly in Q3 2019
EconomyMacroeconomy) and information service activities (-19.1 percent). It should be noted that the turnover indices... points. Year-on-year, the service confidence indicator has improved by 6.7 points....Turnover indices for the services sector recorded an improvement in the third quarter (Q3) of 2019
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBanking. On the cost front, operating expenses fell 12 percent YoY in H1, while remained flat QoQ... in Q2 from 2.36 percent in Q1 and 2.71 percent in Q2 2013. Gross loans remained almost flat YoY and QoQ... remained flat QoQ on sight net additions offset by lower state deposits. National’s loan to deposit
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingremained flat QoQ at 51 percent. Along with that of Eurobank, Piraeus coverage ratio stands... by 1 percent QoQ, cost of risk remained flat at 2.6 percent. Cumulative provisions (LLRs) improved... and Eurobank at 103 percent and lower than Alpha’s at 119 percent. Eurosystem funding remained flat QoQ at 10
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomy. Also, the upcoming pension reform will keep spending flat in absolute terms flat and a declining... that public investments will stay flat over the period all the heavy lifting in delivering this level
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