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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturescrude oil suppliers will certainly disturb the careful balance to which Greece’s refining industry has... than other industries. There are around 4,100 people working in the Greek oil refinement industry... with a focus on RES becoming the country’s primary source of energy rather than a feel-good
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyoff-balance sheet items, the June figure stands at 106.9 billion euros, corresponding to 50.5... percent in 2019. More than three quarters of the NPE and two thirds of the targeted NPL reduction..., 1 percent better than the target of 106.9 billion, while the respective ratio stood at 51 percent
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Newsletter 102 - 13/01/2017
the Greek government suggest that the target for completion is the February 20 Eurogroup, rather than... Airport), which corresponds to around 3.6 million more than those in 2016. Most of those incremental... of jobless increased by 7,700 to 1.07 million. The negative employment balance in October mostly involves
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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomyfinancial statement revealed on Thursday. As a result, the balance of central bank funding fell further... composition remained broadly unchanged from the previous month, with ELA funding making more than 71... billion higher than the November 2014 figure of 30.14 billion, before they started soaring
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingprofits of 36.5 million euros, slightly lower than the Q4 2016 figure of 38.3 million. This largely... years. Balance Sheet Eurosystem funding increased by 1.8 billion QoQ to 15.7 billion in March.... International operations recorded net profits of 29 million in Q1, slightly lower than the Q4 2016 figure
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Deposit flow turns negative again in April with outflows of 139 mln
EconomyMacroeconomyon Monday. As a result, the private sector deposit balance edged down to 119 billion in April... respectively, more than offsetting the private sector outflows. Despite the downturn in private sector... billion lower than that in mid-August 2015.
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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyin their primary cash balance, which turned to a surplus of 1.07 billion from deficit of 643 million a year ago... and purchases of goods and services rose by 131 and 127 million respectively. More than half (50.6 percent...’s share, while bank support guarantees stood at 3.18 billion. The remaining guarantees of more than
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BoG reveals number of indebted borrowers, details business NPEs
EconomyMacroeconomyexposures overdue for more than 90 days (28 billion) and those unlikely to pay (30 billion). According... ‘unlikely to pay’ exposures accounted for 27.6 percent of the total figure. More than 14 percent... off-balance sheet items, which are included in the figures presented by the BoG’s governor.
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May is the cruelest month
Agorabalance of the UK demands compromises. Anything other than that could potentially mean that May might... than a ‘no deal’ situation. That would have been the first step towards educating the UK electorate
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EC recommends symbolic closure of deficit procedure as Athens mulls bond issue
PoliticsGreek Politics,” the Commission said in its statement. “The general government balance has improved from a deficit of 15.1... is not projected to have a deficit greater than 3 percent of GDP for many years to come, meaning the EDP... "stable and sustainable" access to the markets in the summer of 2018 rather than recent reports
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