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Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August
EconomyMacroeconomy, while excluding the extraordinary income sources from both periods we get a slightly lower drop..., with the August figure up by 6.4 percent to 4.39 billion. Interest payments increased by 53 percent to 5.1
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomy, the MoF expects a recession of 2.3 percent for the whole year. This reflects a drop in private... a total of almost 4 billion in the 2-year period making up 62.4 percent of the anticipated fiscal impact
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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economyranging from 0.1 percent for 2010 up to 1.5 percent, or 3 billion, for 2012. As a result of those..., while the cumulative drop in imports was 9.9 percent, higher than the March rate of 8.8 percent
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyGreece’s budget execution showed a deterioration in September, with the primary balance recording a deficit of 719 million euros from a surplus up to 1.8 billion in the prior four months, the Finance... since January by 6.2 percent in September, yet the 9-month figure still points to a drop of 6.8
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingup by a double digit rate (+10.3 percent) to 973 million. At the same time, operating expenses also... easing 0.5 percent QoQ. As expected, Greek deposits posted a high single-digit drop by 9.1 percent
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomy, while the marked drop in the prior two months reflects the elimination of competition.... Loans On the corporate lending front, interest rates in loans for an amount up to 250,000 euros
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingpre-provision income (PPI), a sharp drop in loan provisions and the negative impact from one-offs.... On the asset quality front, the Greek non-performing loan (NPL) ratio picked up in July due
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Coalition considers options for addressing pension system sustainability
EconomyProgrammebetween 2010 and 2014, reflecting a reduction in salaries of 21.8 percent and a drop of 19.2 in the number... up 28 percent of total from 16 percent in 2009. In addition, the ratio of insured persons over
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Economic sentiment stable, consumer confidence down 4.5 pts in November
EconomyMacroeconomyof understanding (MoU) in mid August. However, the year to date balance indicates a drop by 12.6... to cumulative gains of 20.5 points over the past three months with the November figure landing at -47, up
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomyposted the lowest drop (-16 percent). Following the completion of Greek bank’s recapitalisation... the way for banks to unlock tied-up funds and support credit expansion when the domestic economy
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