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Newsletter 198 -15/03/2019
suggested that the lenders may back down if the government includes strict criteria that will limit... expected to accelerate further this year, but cautions that the reform momentum is slowing down... in 2019, up from 2.1 percent last year. Growth is seen slowing down to 2.2 percent next year and 1.6
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingcame to 14.6 billion euros in Q4, down by roughly 300 million euros QoQ. In the full year, NPLs... billion at the end of the year, down by 800 million QoQ. Loan balances in Greece came to 44.9 billion... Tier 1 (CET1) ratio stood at 17.4 percent at the end of 2018, down by 90 bps QoQ. This was due
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Newsletter 202 -12/04/2019
sees the Greek economy growing by 2.4 percent in real terms this year, and marginally slowing down to real growth of 2.2 percent in 2020. Growth is then seen slowing down, setting at 1.2 percent in 2022... labour force came to 4.70 million in January, down slightly compared to December’s figure of 4.71 million
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Travel balance rises by 9.2 pct to surplus of 13.90 bln in 2018
EconomyMacroeconomythe USA rose by 27.8 percent to 1.04 billion. Reasons for travel Breaking revenues down by purpose... trips accounted for 85.3 percent of all trips, down slightly from 2017 when the figure stood at 85.8... also rose by 4.2 percent to 4.8 million. Overall, cruise ship arrivals were down by 1.7 percent
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No late rally for Tsipras
Agoratired and tepid address that must have been a let-down for the SYRIZA faithful hoping they would... to around 30 percent and keeping the margin of the opposition party’s victory down to around 5-6... caught on with voters. Apart from sounding tired, the idea of Tsipras facing down a shadowy elite
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingwhile the NPL coverage ratio edged down to 68.2 percent. In the Greek market, the NPL ratio edged down to 32.6 percent QoQ from 32.8 percent in Q4. The NPL coverage ratio rose to 68.4 percent from... percent to 217.6 million QoQ. On an annual basis, the figure edged down by 0.6 percent
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General govt primary cash surplus at 1.68 bln in April, arrears rise by 164 mln
EconomyMacroeconomymonths of the year, down by 742 million euros compared to the same period last year, according... in March. EFSF/ESM/IMF loans edged down by 5 million euros and represented around 71.1 percent of the total debt. In the other underlying subcategories, T-Bills edged down by 3 million to 15.27 billion
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsproperty tax, a basic tax rate of 9 percent (down from 22 percent) and a top rate of 42 percent (down from... might have to water this down as the tax cuts will reduce next year’s fiscal space by another 2
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Newsletter 215 -19/07/2019
as New Democracy ministers get down to work. Prime Minister Kyriakos Mitsotakis is due to launch... a 20 percent reduction to the ENFIA property tax, a basic tax rate of 9 percent (down from 22 percent) and a top rate of 42 percent (down from 45 percent), and up to 60 percent tax cuts for self
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Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
EconomyFeatures, INSETE. It breaks down the nature of tourism to Greece by geographic area and origin of tourist... euros, down by 20.3 percent YoY. In the south Aegean, the main generators of revenue were Germany... revenues from German visitors fell by 10.3 percent to 493.3 million. Total visitors edged down 0.9
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