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PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
EconomyMacroeconomywas a solid 2.2 pct, investments were subdued. The PBO’s outlook remains broadly unchanged, with a small downward revision to 2.2 pct growth for 2025, from 2.3 pct previously. On the fiscal front, the PBO
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingbrings the maximum capital support from private investors at 2.6 billion. The remaining 2 billion... highlighted that the proceeds from the Finansbank sale will be used to repay CoCos. The CoCos qualify... expense of 120 million per annum. This explains why NBG intends to repay CoCos right after
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Newsletter 230 -29/11/2019
. The maximum tax discount was set at 19,200 euros in the first version of the bill, but in the one... in principal and interest charges next year, decelerating to 1.44 billion in 2023. Greece was due to repay... to 2.16 billion euros. Following the prepayment, the Greek authorities will not have to repay any IMF
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PM hits back at labour reform critics, defends 13-hour working days
PoliticsGreek Politicsemployers under strict conditions, which include a maximum of three days per month, employee... - an admission that hints at disillusionment even within the ruling party’s base. The poll paints
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Retail index fell by 2.2 pct in Feb but trend improving
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 2.2 percent year on year (YoY) in February, while volume slightly rose by 0.6 percent, according to the Hellenic Statistical Agency (ELSTAT). Both headline figures showed an improving trend for the second straight month. On a monthly basis
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Industrial Production Index in negative territory for the year, at -2.2 pct in April
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell 2.2 percent in April following a downward revised 2.7 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT). This is the eleventh negative reading over the past 16 months. Electricity production was the only
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Greek CPI drops at slower rate of 2.2 pct in Feb for 24th straight month of deflation
EconomyMacroeconomyThe drop in the Greek consumer price index (CPI) decelerated to 2.2 percent in February from 2.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT). Greece has been in deflation since March 2013. Over that last two years, the highest decrease in CPI was posted in November
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomyGreek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow stayed negative for the fifth successive month with deductions increasing to 458 million in November
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Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
EconomyMacroeconomyin the apartment prices index follows a decelerating trend with the 2016 rate of -2.2 percent being
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Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomyGreek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. The outstanding balance of central bank
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