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Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
EconomyMacroeconomytarget by 2 million euros. Net revenues came to 11.10 billion euros, above target by 407 million... below target by 2 million euros and 5.4 percent lower than that for the same time last year. Interest... three months of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower
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Newsletter 161 -11/05/2018
to Tier 2 instruments, the capital depletion for NBG is 9.56 pps and 8.95 pps for Piraeus. The main... could account for as much as 37.2 percent to 44.8 percent of all employment. 2 New overdue taxes up... in March following a rise of 2 billion euros in February, data from the Independent Authority of Public
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Banks focus on defining challenge of reducing NPEs
EconomyBankingcomes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros, as of June 30... value of the loans. The total value of Amoeba following two rounds of interest exceeded 2 billion..., the banks is looking to form a portfolio of approximately 2 billion euros of SME NPLs backed
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Newsletter 164 -08/06/2018
growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest since Q1 2008... anticipates growth of 2 percent this year. Figures from the MoF also showed this week that Greece’s... percent for an overall year-on-year reduction of 0.8 percent. 2 Exports rise of 1.4 percent in Q1
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Newsletter 169 -06/07/2018
, growing by 2 percent this year, 2.3 percent in 2019 and 2.4 in 2020. As employment conditions improve.... Employment is expected to grow by 2 percent annually, taking the unemployment rate to 16.5 percent... by the ENFIA tax. 2 New overdue taxes rise by 610 mln in May Total stock remains above 100 bln for fourth month
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For better or worse: Greece's bailout exit deja vu
Agoraand estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period... on current policies Greece would need 2 percent of GDP in measures to sustain the 3.5 percent primary... a fiscal gap of 1.1 percent of GDP, or 2 billion euros. This meant that if Samaras wanted to close
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Newsletter 172 -27/07/2018
between 2 percent and 2.5 percent over the next three years, with the potential of stronger growth... and came to 1.12 billion euros, whereas outside of the EU receipts dropped by 2 percent to 312 million... and revenue for Greece as competition picks up in neighbouring destinations. 2 Primary surplus
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesthe crisis years to hold a 2 percent global market share. Across the years of the crisis, basic... period, the rising export category managed to double its market share to 2 percent in 2017. Other... of 2 billion euros. The GDP contribution from the rest of the export base declined by almost 80
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingof 2.1 billion euros and write offs of 3.4 billion euros, of which 2 billion went on to be sold... peers. Management noted the disposal of 2 billion euros in unsecured retail NPLs at a consideration.... On an aggregate basis, expenses showed an increase of 2 percent. The increase reflects seasonality
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Newsletter 174 -14/09/2018
, after April’s rise of 2 percent. Last year, the index remained consistently positive. Month-on-month... trip rose by 0.6 percent to 498 euros compared to 495 euros for the same time last year. 2..., the index fell by 0.4 percent quarter-on-quarter (QoQ) after having risen by 2 percent in Q1.The
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