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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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Newsletter 120 - 26/05/2017
to be reached so that Athens can receive the next loan tranche of around 7 billion euros in order... economic outlook and willingness of banks to lend at significantly negative levels (around -20 and -60...) in the first quarter of 2017, following an upwardly revised drop of 1 percent in Q4 2016, BoG data
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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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Building permits fall by 2.3 pct in March, absolute permits rise above 1,000
EconomyMacroeconomycovered. The three largest falls came from the Crete (-20.2 percent), Epirus (-20 percent) and central...), falling by 7 percent compared to the same time last year. The smallest number of absolute permits... as a whole, the decline in property prices came to an average drop of 1 percent, improving against
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBanking. The consideration of the transaction equals 5 percent of the 1 billion outstanding principal amount... billion on-balance sheet gross book value. Around 20 basis points of CET-1 capital were expected..., liquidations and collections (-7 billion euros) and NPE sales (-3.5 billion euros). Piraeus Bank expects
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Macedonia name issue: Agreement and disagreement
Agorathat the Republic of Macedonia/fYRoM should be renamed as Republic of North Macedonia according to Article 1... not create a monopoly regarding the use of the terms ‘Macedonia’ or ‘Macedonian’. Article 7 recognises... objective of all the Greek governments for the last 20 years for a 'compound' name with a geographical
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