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Deadlock at NBG over chairman appointment
EconomyBanking. It is for this reason that NBG had launched a process of reconstituting its BoD on September 7, seeking... and constant review by the SSM. Piraeus Meanwhile, Piraeus Bank announced on November 1 that George... new chairman. He replaces Giorgos Sallas who resigned on July 20. However, Piraeus has not yet
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Newsletter 100 - 16/12/2016
, albeit at a much slower pace of 1 percent in September, down from 16.6 percent in August. The absolute... to a drop of 7 percent. Moreover, the corresponding surface and volume figures recorded a bigger... dropped by around 20 billion on the back of a reinstatement of the waiver on Greek government securities
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Newsletter 102 - 13/01/2017
the Greek government suggest that the target for completion is the February 20 Eurogroup, rather than... of Greece (BoG) figures showed non-performing exposures (NPEs) edged down by almost 1 percent to 106... by 2.3 percent in November, following a higher rise of 7 percent in the previous month, according
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No return of institutions to Athens yet as differences persist
EconomyProgrammebe reached by April 7 or shortly afterward. There was also no suggestion from EU sources quoted... savings of 1 percent of GDP to apply as of 2019, while the government aims for this to be delayed by one... to 20 percent, a relatively small reduction in the single property tax (ENFIA) by 200 million euros
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Athens details fiscal counter-measures, a vital selling point for Tsipras
EconomyProgrammefocus on the spending side in 2019 and on reducing the tax burden in 2020, worth 1 percent of GDP... to 26 from 29 percent, while the first rate in the personal income tax scale would be cut to 20 from 22... euros the rate would decrease to 7 percent (from 7.5 percent). In contrast, the solidarity levy
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingincreased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated... to 41 billion and management said that deposit flow stabilised in Q2. The Common Equity Tier 1 (Tier1... to 20 billion in 2020.
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Stocks rise for first time in three weeks, gaining 1.1 pct
Economy(AGM) on June 28 to approve among other a 1:20 reverse split. The AGM of Terna Energy approved..., Metka trades ex-dividend on June 6, while Motor Oil and Hellenic Exchanges hold their AGMs on June 7
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Eurogroup doesn't end in tie for Tsipras
Agora7 years of bailouts, preventing a Greek default was any kind of worthy achievement. Instead, Athens... needs under 15 percent of GDP in the medium-term and below 20 percent of GDP in the long-term... clarity on debt relief measures, the pledge for nearly 1 billion euros extra in EU fund, certainty
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Newsletter 129 - 28/07/2017
contraction accelerated for the second straight month, reaching 1.3 percent in June from 1 percent in May, BoG.... Primary expenditure decreased for the third successive month by 7 percent in June, while the figure... of June. The positive momentum continued in July, since the ECB decided on July 5 and 20 to further
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeatureshas on the economy, in that for every 1 euro in tourism revenue, the country’s GDP grows by 2.65... percent of Greece’s exports of all other goods excluding oil and ships, or just under 20 billion euros... the same at 7 nights. Inbound tourism excluding cruises increased by 9.7 percent to 24.8 million
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