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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5... savings of 1 percent of GDP each in 2019 and 2020 respectively and the implementation of counter... years, primary expenditure is seen rising by 1 percent in 2019 and then slowing to 0.5 percent
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Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies
Legal, the energy efficiency target shall be at least equivalent to achieving new savings each year (from 1...-year period prior to 1 January 2013. Thus, a vast number of companies have been affected... of the energy sold for final consumption and a market share of 1 percent of the energy sold. The energy
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBanking) on NBG’s Common Equity Tier 1 (CET1) ratio. The latter stood at 16 percent in the first quarter... with 1,200 employees, 2,128 insurance advisors and 1 million customers, while its pre-tax profits stood... companies will generate approximately 1 billion in premia annually from the Greek insurance market
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Parliament debate yields little, wait for bailout tranche goes on
PoliticsGreek PoliticsPanos Kammenos’s actions in connection with the Noor 1 drug smuggling case were subjects that took... in the probing of the Noor 1 case. Mitsotakis and Tsipras were also involved in a lengthy and heated... by the International Monetary Fund to complete. The Fund wants official confirmation that the 1 percent
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Bond issue decision expected as clock ticks down
PoliticsGreek PoliticsPanos Kammenos’s intervention in the Noor 1 drug smuggling investigation. New Democracy still feels... Giannousakis, the owner of the Noor 1 cargo ship which was seized with almost 2 tons of heroin on board... did so because the convict said that he had information about the Noor 1 case he wanted to share
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... include the legislated post-programme measures of pension and tax reforms equal to 1 percent of GDP each... claims) will increase at around 1 percent per year. The Greek Finance Ministry expects lower inflows
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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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