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Drop in apartment prices continues with slower decline of 1.2 pct in Q2
EconomyMacroeconomy. Greece’s housing market remains challenged on many fronts. The housing loan balance has contracted by more than a quarter since the end of 2010 on net deductions of around 22 billion. At the end of last
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingloans) of 243 bps versus 278 bps in Q1 and 220 bps a year ago. Balance Sheet Eurosystem funding fell... from the deconsolidation of risk weighted assets (RWA) more than offsetting the negative impact of 38
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Athens braces for review headwinds due to IMF demands, Berlin changes
PoliticsGreek Politics, political developments in Germany have created a trickier balance with regard to the IMF. The fact... to be implemented in 2019, rather than 2020. This is also the year that pensions have to be cut by 1
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Draft budget sees stronger growth, fiscal targets being met
EconomyMacroeconomyto the labour force survey is projected to ease by more than 1 percentage point per annum and land... target by 823 million euros. The primary balance is expected to reach 3.57 percent of GDP in 2018
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Eurobank raises 500 mln with covered bond issue
EconomyBankingwas over-subscribed by more than two times and generating 500 million euros. Overall, 85 percent... of NPLs as part of efforts to reduce NPEs in excess of 100 billion euros in their balance sheets.
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EC sees lower growth in 2017 but no concerns for fiscal targets
EconomyMacroeconomythe current account balance with small surpluses in the forecast horizon. Employment has been performing much better this year than the overall economy, with growth of 1.5 percent year on year, seen
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Building activity drops by 5.2 pct in August
EconomyMacroeconomyBuilding permits went down by 5.2 percent in August, falling at a greater rate than the drop of 2.4 percent seen in July, Hellenic Statistical Authority (ELSTAT) data released on Monday showed... sector amounted to 144.7 million in August and the balance came to 59.59 billion euros, according
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EC upbeat on reforms paying off, as long as they continue
EconomyProgramme, the current government committed to a revised fiscal path with a primary balance target of -0.25... and maximise their value. HCAP’s objective is broader than the previous structure, the Hellenic
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBanking. The loss was sharper than that predicted by industry analysts ahead of the release. Analysts had... other negative developments. Balance Sheet Eurosystem funding stood at 6 billion in Q3 from 8.4 billion
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OECD sees growth picking up, warns about society and financial sector
EconomyMacroeconomyby 1.3 percent, while investments are expected to grow 7.2 percent, far more modestly than the 11.4... to comfortably meet its fiscal targets with an overall of balance of just -0.1 percent of GDP next
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