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Newsletter 11 - 16/01/2015
to elect MPs, the threshold for a parliamentary majority could drop towards 35 percent, which... falls short of target A big drop in revenues in December led to Greece’s primary surplus narrowing... in any follow-up programme that the Greek authorities are set to negotiate with their European
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Newsletter 13 - 30/01/2015
negotiations continue over a new programme in the run-up to the summer. A new agreement will likely have... by election day, while a Bloomberg report on the same day suggested a higher figure of up to 11... and investors. Big drop in deposits There was a big drop in private sector deposits in December. They fell
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Turnover in services sector shows improvement in Q4 2014
EconomyMacroeconomyout of the 14 service activities had recorded a drop, The highest increase in Q4 was posted...-digit drop, namely information service (-15.2 percent) and cleaning (-11.4 percent). A negative... activities (up 20 percent) and employment activities (up 3 percent), while management consultancy
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Greek travel receipts rise 9.1 pct in January as surplus doubles
EconomyMacroeconomyin receipts reflects surging international tourist arrivals (up 49.9 percent) to 606,100 which, however, were to a large extent offset by a remarkable drop in the travel spending per trip by 27 percent..., up by 1 million compared to the 2014 figure, and direct tourism revenues above the 2014 level
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankingpercent in Q4, the non-performing loan (NPL) ratio edged up to 38.9 percent in Q1 also reflecting write... contracted 2.2 percent QoQ to 71.4 billion euros, with corporate loans making up almost two-thirds of total... by more than 15 percent QoQ to 46.45 billion, with the highest drop recorded by time deposits (-21.4
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Greek stock market loses 1.8 pct in week of mixed messages, Q1 results
Economyat 825.38 points on Friday, meaning there has been a modest drop of 1.8 percent in the post-election... in line with market estimates. OPAP's Q1 results showed net profit reached 58 million up 16.9 percent..., despite the drop in sales by 6.6 percent to320.6 million. However, EBITDA improved 10.4 percent to 74.7
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomypercent in April. On the corporate front, the most significant development was the drop by 49 bps in the lending rate in loans for amounts up to 250,000 euros to 5.64 percent. In contrast, the rate for higher amounts up to 1 million rose by 15 bps to 5.19 percent, while the lending rate for amounts
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Greek pensions laid bare
Agorathe risks and gave a small window of opportunity up to 2005 to deal with the issue before... billion. The combined total corresponded to 9.6 percent of GDP. Despite a sharp drop of 21 percent... this period. The biggest annual drop was recorded in 2013 when the full impact of the last pension cut
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Industry turnover down by 2.3 pct in April for sixth straight fall
EconomyAuthority (ELSTAT). The April headline figure is the sixth straight monthly drop and the eleventh... a double digit rise of 14 percent, yet it makes up just a fraction of the total turnover. Following April...-domestic market rose by 2.3 percent. The breakdown of the latter showed a marginal drop (-0.2 percent
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyby 1.23 billion euros after a drop by 1.29 billion in July, Bank of Greece's (BoG) monthly financial... is attributed to deposit inflows, since the respective drop in July was accompanied by total outflows... by Greek banks with BoG slightly increased by 820 million to 164.45 billion. ECB funding edged up
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