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Q1 GDP down by mild 0.1 QoQ, hinting at impact of drawn-out review
EconomyMacroeconomyon year (YoY) in Q1, decelerating from the drop rate of 1.1 percent growth posted in Q4. The Q1 rate... around 70 percent of total GDP), a strong increase in investments by 5.9 percent and a higher growth... published the most optimistic projection so far. It expects GDP to rebound by 2.2 percent, while
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Travel balance for nine-month period shows surplus of 11.57 bln
EconomyMacroeconomyof 1.1 percent to 520,900. Cruises In contrast, cruise-based travel to Greece showed a decline across almost all indicators in the first nine months of the year. Total receipts from cruise passengers were... the whole of 2017. In December alone, the number rose by 1.5 percent to 2.2 million travellers. Inbound
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Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
EconomyMacroeconomyin November, while volume fell by 1.1 percent to 70.5. The latest business indicators for January... of 2.2 points. For November, the indicators showed that consumer confidence improved by 0.2 points... billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingpercent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... to cause capital requirements of between 1.1 to 1.2 billion euros due to the difference between the book... worth around 2.2 billion, pro-forma as of the end of September 30, 2018. Eurobank CEO Fokion Karavias
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Unemployment at 18.6 pct in September as unemployed decline by 11.1 pct year-on-year
EconomyMacroeconomypercent. Year-on-year, the figure for those employed increased by 88,205, a rise of 2.3 percent. Total... fewer unemployed people in September versus August, a drop of 1.1 percent. Compared to September... year-on-year. The unemployment rate among women fell by 2.2 percentage points (pps) year-on-year
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IMF maintains outlook for economy, Athens readies scheme for unpaid taxes and contributions
EconomyProgrammeslowing down to real growth of 2.2 percent in 2020. Growth is then seen slowing down, setting at 1.2... are seen accelerating in the coming years, rising by 1.1 percent this year and 1.4 percent in 2020... billion euros to the IKA fund, and the self-employed, who owe a total of 16 billion euros
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Unemployment at 16.2 pct in Q3
EconomyMacroeconomypercent of their remuneration. A total of 756,424 people were registered as unemployed in Q3... million. The employment rate increased by 2.2 percent compared to the previous quarter and decreased by 1.1 percent compared to the same quarter of the previous year The number of economically inactive
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingof 47 basis points to the bank’s Total Capital Ratio. Cosmos is a capital neutral transaction... billion euros gross book value, and the sale of Sky portfolio of Cypriot NPEs worth 2.2 billion euros... includes 190,000 loans, 77 pct mortgages at 4.7 billion euros, 18 pct SMEs, 1.1 billion euros and 5
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomypct this year and significantly lower at 1.8 pct of GDP next year. The total deficit settles at 0.9... deficit of 1.9 pct in 2022, with surpluses increasing from 1.1 pct of GDP in 2023 to 2 pct of GDP in 2027... under the current commitments expect Greece to return to a 2.2 pct of GDP surplus by 2024 and maintain
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomy, the Commission forecasts a primary surplus of 2.2 pct, leading to a total deficit of just 0.8 pct of GDP..., with the deficit seen at 1.8 pct next year, which corresponds to a primary surplus of 1.1 pct, which
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