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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyDecember 1 to withdraw 100 percent of a cash amount transferred into current accounts held with Greek... into effect on September 1 this year. The procedure is defined by the Committee for the Approval of Bank... conditions described in the first intermediate step. As of September 1, the withdrawal limit for individuals
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Newsletter 141
and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing. Industrial turnover..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7... in mining and quarrying by 10.6 percent, and a fall of 1 percent in manufacturing.
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Newsletter 143
in the northeastern Aegean and the Dodecanese from January 1. Until now, these islands have had a 30 percent discount... consumption falling by 1 percent and a 9.3 percent increase in imports. Household consumption dropped... and dropped by 2.2 percent YoY, taking final consumption expenditure down by 0.1 percent QoQ and 1
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Newsletter 149 -2/02/2018
by 0.5 percent and grow by 1 percent in 2020. Commercial real estate will grow by 0.3 percent each... volume falls by 2.9 percent after a revised drop of 1 percent in October Greece’s retail sales fell... volume showed a deeper decline, falling by 2.9 percent after a revised drop of 1 percent in October
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Banks gear up for stress tests, with results due in May
EconomyBankingby 0.5 percent this year and grow by 1 percent in 2020, whereas commercial real estate will grow by 0.3..., Greek banks had a systemwide Common Equity Tier 1–CET 1 of 17.1 percent, while Capital Adequacy
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion... (BoG) figures showed. The respective figure for a year ago showed a deficit of 1 billion, meaning
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammetowards the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1... from May 1 onwards and the full 1 billion euros will be destined for arrears clearance. The ESM also
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingis anticipated on the Common Equity Tier 1 (CET1) ratio on a fully loaded basis. Over the three year stress.... Capital The Common Equity Tier 1 (CET1) ratio stood at 17 percent in Q4, while the fully-loaded Basel III... enterprises, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammeof the tax-free threshold to be carried out next year along with the pension cuts worth 1 percent of GDP... programme. “Triggers for a rating upgrade could include: (1) continued successful implementation of fiscal... to some combination of: (1) a lack of cooperation between Greece and its institutional creditors; (2
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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme, which means that the 1 percent of GDP in pension cuts will kick in from the beginning of next year... to generate an extra 1 percent of GDP in revenues, should be implemented next year. The Greek... to pensioners just before the pension cuts take effect on January 1. There also seems to have been
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