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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingcommercial banks in Bulgaria, with total assets of 3.35 billion in 2015. According to NBG, UBB will pay... UBB’s book value and is estimated to increase NBG’s Q3 pro-forma common equity Tier 1 (CET1) ratio... of the transaction stands at 76.1 million euros, while Alpha’s total proceeds will amount to 143.3 million
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Industrial production growth slows to 2.3 pct in Nov
EconomyMacroeconomy, electricity production (which makes up around 21 percent of the total index) grew by 8 percent... by 7.9 percent in November, but it accounts for just 6 percent of the total index. Four of the five.... It has increased by 7.9 points within 2016. In addition, the Markit Manufacturing PMI edged up by 1
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BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBanking-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent in June 2016, the exercise revealed...-neutral price for NPE sales stands above 40 percent of nominal value for the total NPE stock, at around... that the total of denounced loans with a nominal value of 48 billion euros could be sold at 14 billion (30
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Unemployment rate up to 23.6 pct in Q4, down to 23.5 for 2016
EconomyMacroeconomywas first made available. At the same time, the number of ‘long-term’ (more than 1 year) edged up for the second straight quarter to 807,000 in Q4, while its percentage to total jobless fell to 71.8 percent... economic activities: Wholesale and retail trade (18.1 percent of total), agricultural (12.2 percent
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Deposit outflows continue in Feb but slow to 750 mln
EconomyMacroeconomyat 1 billion over that 3-month period. It is worth noting though that compared to the respective... in February. Total deposits – which include those of the general government (gg) as well as of euro..., with the balance slipping to 138.8 billion. On top of private sector outflows, the flow of total
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Industrial production rises at record high rate of 10.8 pct in Feb
EconomyMacroeconomy. In addition, manufacturing production, which holds the lion’s share of the total index, grew by 6.1 percent... of the total index. Furthermore, water supply production edged up 1.2 percent. Four of the five main... Manufacturing PMI dropped by 1 point to 46.7 in March, which represents the seventh successive sub-50 reading.
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Unemployment rate edges down to 23.3 pct in Q1
EconomyMacroeconomyavailable. The number of ‘long-term’ unemployed (over 1 year) fell to 779,200 after rising in the previous two quarters, while its percentage out of the total fell to 69.9 percent, its lowest level... sectors, namely wholesale and retail trade (18.1 percent of total), agricultural (12.3 percent
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Greece announces return to markets with 5-year bond, mostly targeting swap
Economyfor the 5-year bonds issued in April 2014 (ISIN: GR0114028534) of a total amount of 4.03 billion euros... conditions, while the settlement is estimated to take place on August 1. “The switch and tender offer... as the total offers reached 3 billion, while the coupon stood at the high end of initial estimates
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Industrial turnover up by 8.1 pct in June for eighth consecutive rise
EconomyMacroeconomyand quarrying which increased by 11.9 percent. It is noted that this sector makes up a fraction of the total... at a significantly slower rate by 1 percent. Four out of the five main industrial groupings recorded a rise in June... and semi-trailers (+20.7 percent) and other mining and quarrying products (+18.4 percent). A total
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Unemployment falls to 21 pct in July, lowest since Nov 2011
EconomyMacroeconomywhich brought the total to 3.8 million. A fall of 12,661 people was noted in the figures for those unemployed to bring the total to 1 million. The overall labour force continued to grow and stood
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