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Newsletter 14 - 06/02/2015
by the ECB on Greek bonds it bought in the secondary market (SMP), and combine this with the issuing of up... of Greece. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013... clear up some of the doubts, although a totally clear picture has yet to emerge. The initial
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Newsletter 20 - 20/03/2015
with the institutions comprehensively enough to ensure the drawing up of a reform list... a quarter-on-quarter (QoQ) improvement in net interest income (NII), mainly driven by a further drop... 65.6 billion euros at the end of February, up from zero at the end of 2014. The interest cost of ELA
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Newsletter 21 - 27/03/2015
the opposition parties and it appears to have stirred their political spirits. New Democracy followed up... to a drop of 15 percent on the end-November figure of 164.3 billion. Some 24.62 billion euros has been... percent of their wages. The report claims Katrougalos was signing such deals right up to the day he
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomyGreece’s budget execution showed the 3-month primary surplus rose to 1.74 billion euros, up 12.6... to 11.18 billion, down 1.8 percent. More importantly, the revenue performance in March led to a drop... amendment. In addition, the MoF expects increased revenues from the tax arrears’ settlement in up
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economyrecovery to pick up amid high political uncertainty and tighter financing conditions, which are also... degree of uncertainty and take into account developments up until April 21. Conditional on agreement... supply and a build-up of arrears. As a result, the EC substantially lowered its gross fixed capital
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomydriven by soaring income tax, up 60.8 percent to 1.53 billion, while property taxes plummeted 74 percent..., despite the decline by 4.9 percent in August, consumption taxes are marginally up by 0.2 percent... the lowest drop since January. The absolute figure stood at 3.29 billion, 87 million above target
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Services sector turnover deteriorates in Q2
EconomyMacroeconomyadministrative and support following suit exhibiting a drop by 14.4 and 7.9 percent respectively... a double-digit growth with the highest led by legal and accounting (up 63 percent), architectural and engineering (up 59.2 percent) and management consultancy (up 49.5 percent). On the flipside, office
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Newsletter 43 - 18/09/2015
million coupled with a drop in the jobless figure by 7.8 percent to 1.18 million. Year-on-year... that will take on entrenched interests and clean up the system. New Democracy has made this campaign about... results during its, admittedly brief, time in office. At the same time, it picked up many
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Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomysurplus of 4.52 billion euros up by more than 70 percent compared to last year’s figure. At the same... rebounded by 19.6 percent in October after a drop by 20.1 percent in September. The October figure... is up by almost 1 billion euros, also including the quarterly VAT payment. Total ENFIA revenues
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingto 1.3 billion in 2015, while stripping out integration and extraordinary costs the respective drop.... The bank estimates a further reduction in staff costs by up to 6 percent to around 500 million... in Q3 with the full year figure reaching 3.02 billion, up by 63.5 percent from last year. Alpha said
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