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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingto a total of 1 billion which the bank aims to sell by October 2018. Towards the end of 2018..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs
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General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
EconomyMacroeconomycontributions rose by 3.6 percent to 6.98 billion. Expenditure declined by 244 million euros (1 percent... remained unchanged at 2.85 billion, representing less than 1 percent of the total. Guarantees
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Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
EconomyMacroeconomyin apartment prices has remained under 1 percent. Compared to the previous quarter, apartment... to an average drop of 1 percent, improving against the drop of 2.4 percent in 2016. Apartment prices
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Unemployment rate stable at 21.2 pct in Q1
EconomyMacroeconomyof unemployed fell below the 1 million mark for the first time since Q3 2011 in Q3 2017, but has since gone... unemployed (over 1 year) declined for a fifth continuous quarter to 684,600. Out of the total, long-term
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Newsletter 166 -15/06/2018
under 1 percent. Compared to the previous quarter, apartment prices fell by 0.3 percent versus a rise..., bringing the total for employed to 3.7 million. The number of long-term unemployed (over 1 year
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Income and living conditions survey shows persisting inequality
Societythe age of 14. The total population’s risk-of-poverty rate was 20.2 percent in 2017, down by 1 percentage..., falling by 1.8 pps YoY. The rate fell by 1 point for the total population and those aged 18-64
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammein the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates... not allow for optimism regarding real long-term growth in excess of 1 percent. Privatisation proceeds
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Newsletter 168 -29/06/2018
is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal..., the corporate lending balance was negative by 169.2 million, recovering from a negative figure of 1
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Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
EconomyProgrammeto implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might be realised. Moscovici... and reducing the tax-free threshold in 2020 so that another 1 percent of GDP (roughly 1.8 billion euros
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomylow at 20.1 percent in 2017 versus the 34.9 percent EU average. The report concludes that every 1... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt
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