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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyyears) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... than 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion
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Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
EconomyMacroeconomythat prices in new apartments (up to 5 years old) dropped at a sharper pace of 1 percent quarter on quarter (QoQ) and 2.2 percent year on year (YoY) vis-à-vis the decline of 0.4 percent QoQ and 1 percent... percent in 2016 and by another 1 percent in 2017.
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomyincreased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above..., higher growth rates compared to the Greek ratio increase of 1 pp were recorded by Mexico (2.3 pp) and Turkey (1 pp). It is worth noting though that excluding social security contributions, the Greek
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyand shipping just 1 percent. In addition, the consumer and housing loan portfolios will contribute..., 1 percent better than the target of 106.9 billion, while the respective ratio stood at 51 percent... billion, while the respective ratio of 38 percent was 1 pp above target of 37 percent.
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy2016, while the effective rate is estimated to have increased by 1 percentage point due... in the share of private consumption expenditure via plastic money by 1 percentage point results in an increase in VAT revenues by 1 percent in the first year and up to 6 percent over the long-term. Moreover
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... and 1 million euros increased by 22 bps to 5.06 percent, while that for lower amounts dropped by 14 bps to 5.28 percent. In addition, the interest rate for amounts above 1 million euros slightly
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Newsletter 106 - 10/02/2017
government (GG) primary cash surplus rose by 1 billion to 5 billion euros in 2016 from around 4... of the index, fell by 1.9 percent, while water supply production also declined by 1 percent. The seasonally adjusted IPI rebounded 2.2 percent from the previous month, after retreating by 1 percent
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight... reflecting a similar rise in that for amounts above 1 million euros to 4.72 percent. The respective... between 250,000 and 1 million euros edged down 5 bps to 5.01 percent. Following the slight changes
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Greece, lenders tie up some loose ends and continue negotiating
EconomyProgrammea sharp reduction in the tax-free threshold and cuts in main pension yielding savings of 1 percent... of 1.8 billion euros (1 percent of GDP). The government proposed a reduction in the lower tax rate from... of both measures and counter-measures as of January 1, 2019. However, this is subject to Greece
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Newsletter 110 - 10/03/2017
to reach 26 million in 2017. In addition, travel receipts are projected to increase by at least 1..., the unemployment rate has decreased 1 percentage point (pp), which is attributed to a modest rise... with a decline in the number of unemployed by 8,600. In 2016, the unemployment rate has decreased 1 percentage
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