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Greek primary budget surplus halved in Jan as revenues miss target
Economymillion below target. Revenues (excluding tax refunds) posted a double-digit drop (-18.4 percent... of the existing plan for settling previous years’ unpaid tax obligations, which allows for up to 100... above target. As a result, net revenues posted a higher drop (-21 percent) to 3.49 billion, 1.05
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomy. The breakdown of the other key C/A components showed the drop in the primary income account... in Greece, did not show any notable change (up by just 1.5 million). Under the portfolio investment... stemming from a similar drop in non-residents’ holdings of Greek government bonds and T-Bills
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Greek CPI down by 2.1 pct in April
EconomyMacroeconomy(HICP) showed a slower drop by 1.8 percent in April from 1.9 percent posted in March. Following... showed a downward trend. The highest YoY drop was displayed in housing (-6.8 percent), transport (-4..., prices in alcoholic beverages and tobacco as well as in food and non-alcoholic beverages edged up
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Newsletter 27 - 22/05/2015
up the process of securing a deal. This leaves the process rather precariously balanced... of around 2.1 billion to the IMF. Drop mainly reflects the return of 10.9 billion of EFSF bonds to the ESM in late February. Drop in industrial turnover slows The Turnover Index in Industry fell again
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingled by Greek operations (-21.1 percent), while general expenses posted a much slower drop by 2.8... percent in Q1 (from 46 percent in Q4) with the cash coverage ratio edging up to 46 percent.... Deposits contracted by 16 percent QoQ to 36 billion in Q1 implying a drop by 6.9 billion year to date
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Parliament's budget office rings alarm bell on economic prospects
EconomyMacroeconomyfrom an anticipated sharp drop in consumption. In particular, based on the Q3 2014 GDP of 46.8... an immediate GDP contraction of 2.8 billion per week, or 1.5 percent drop in the annual GDP. A slower decline in consumption by 50 percent would have an impact of up to 1.75 billion.
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Greek stocks down 15.2 in first week of trading after market closure
Economycontrols was accompanied by a sell off exceeding 16 percent on the first trading session. The drop... profits at 10.1 million, up 12.7 percent reflecting a modest rise in revenues by 2 percent to 316 million and a double-digit drop (-16.9 percent) in EBITDA to 44 million. On Thursday, the Hellenic
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Rebound of 9.38 pct on Tuesday almost erases Monday's Greek stock losses
Economythis week, while the drop since the end of June, when capital controls were imposed, stands at 22 percent... percent. All, except one, of the FTSE/Large Cap Index constituents posted gains up to 29 percent, whilst... at lower levels. The 3-year GGB yield showed the biggest drop easing by 0.8 percentage points (pp
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Wages index drops in Q2 to its lowest level since 2001
EconomyMacroeconomypercent in Q1 up to 2.2 percent in Q4 2014. On a quarter-on-quarter (QoQ) basis, the wages index... then, the wages index displays a sharp drop by more than 29 percent attributed to the internal devaluation... (NSA) wages index showed a decline of 4.2 percent YoY in Q2 accelerating from the 0.7 percent drop
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyFollowing a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate... for amounts above 1 million euros soared by 76 bps to 4.70 percent offsetting the cumulative drop.... Summing up, the weighted average rate on new loans increased by 11 bps to 4.83 percent in August
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