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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomypercent. The marginal drop in the time deposit rate coupled with a slight increase in the corporate... million euros it edged up 3 bps to 4.82 percent. Following the movement in March, the corporate loan... drop in the average loan rate coupled with the stable deposit rate resulted in a slight drop of 6 bps
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingto 258 million, attributable to a 13 percent drop in operating expenses and offsetting a decline... percent in the previous quarter. The bank said that it had exceeded its NPE reduction target up... percent drop in both staff and administrative expenses and benefitting from the implementation
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomy, mainly reflecting a drop in the ECB funding by 6.73 billion, as Greek banks replaced this type... programme was agreed, with almost two thirds of that marked drop (46.07 billion) related to lower... up 71.5 percent of the total withdrawn liquidity. It is worth noting that the collateral pledged
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomyThe drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data... five years old, saw their prices fall by 0.7 percent in Q3. Properties up to five years old saw price
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Building activity increases by 16.4 pct in October
EconomyMacroeconomyMacedonia (+43.1 percent) and Epirus (+40 percent). A drop of 23.1 percent was noted in eastern... up to October, permits issued rose by 9.7 percent. The relevant surface area connected to the permits... percent drop in apartment prices year-on-year in the third quarter of 2017. This followed a drop of 1.1
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CPI remains static in July
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained static in July following a drop of 0.3 percent in June.... The core index edged up by 1 percent in July, following a 0.3 percent rise in June. Additionally... percent drop in the price of household equipment, mainly led by a fall in the price of furniture
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General govt primary cash surplus at 899 mln in January, arrears rise by 38 mln
EconomyMacroeconomyeuros was seen taking the total to 249 million euros. In other revenue, a drop of 10 million euros... million euros to 147 million euros. Interest paid and subsidies both rose by 12 million euros. A drop... decrease came from tax refunds with a drop of 55 million euros. This was followed by hospitals (-12
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyis on course for an estimated drop of 7.5 pct, according to the IMF, which expects a recovery of 4.7 in 2021. In the last quarter of the year, eurozone GDP is expected to drop by 5.9 pct. In terms of the worst hit countries from the pandemic in Europe, Italy’s GDP will drop by -9.1 pct this year, Spain
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IMF expects difficult year for public finances, PBO highlights impact on labour force
EconomyMacroeconomyas a percent of GDP will drop this year and next to 45.8 and 45.3 pct, from 48.3 pct of GDP in 2019...-March and up to the end of April, the PBO finds that 60 pct of employment in the private sector is affected, consumption over the quarter will drop by 23.6 pct, the risk premium of investments
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Travel balance falls by 53.6 pct in March
EconomyMacroeconomy. For euro-denominated countries, receipts showed a drop of 71.9 percent to 29.6 million. Receipts... by 17.1 percent to 619.1 million euros. Payments also recorded a drop of 25.5 percent to 433.7... by 6.9 percent to 479,800, while visitors from non-euro countries within the EU 27 edged up by 1.8
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