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IMF concludes Article IV consultation, prepares to publish DSA in July
EconomyProgrammesome elements of convergence in the long-term projections of Greece's growth to the 1 percent real... of GDP total financing needs. In the European baseline scenario of nominal growth of 3 percent
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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 compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During
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Greeks seen working longer, until July 18, to meet annual tax bill
Societyvery slightly by 0.2 percent in 2017. Workers taxes on average were 1 percent higher than 2010... the total amount from tax measures rising to 5.12 billion from 3.06 billion in 2016. Criticism
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Disposable income grows by 2.1 pct in Q1, gross savings continue to shrink
EconomyMacroeconomyin GDP. The figures showed that employees’ total remuneration grew by 2.9 percent, rising from... 2011, property income has plummeted by 61.2 percent. Household final consumption grew by just under 1
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyshowed that the total number fell by 8.9 percent to 3.7 million in Q2 2018 compared to Q4 2017...). An increase of 1.8 percent, or 136 debtors, was seen for those owing sums of over 1 million euros
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Budget surplus beats July target on lower investment spending as tax refunds fall short
EconomyMacroeconomyto an underspend of 691 million compared to the target. Total net revenues came to 27.43 billion euros... privatisation revenues of above 1 billion euros. Net budget revenues amounted to 26.09 billion euros, above
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingbalances stood at 3.8 billion in late August 2018. A total of 3.1 billion in new loan generation has... to 41.9 billion. On an aggregate basis, deposits rose by 1 billion euros. Capital The CET1 ratio came
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Building permits rise by 9.8 pct in July, up by 8.4 pct in 7-month period
EconomyMacroeconomyso far. The total number of permits came to 1,521, staying above the 1,000-permit mark for a fifth... Q4 2008. For 2017 as a whole, the decline in property prices came to an average drop of 1 percent
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Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
EconomyMacroeconomywas the equivalent of 1 percent of GDP, or 1.8 billion euros. Athens expects that it will beat its.... It also expects an excess surplus of 122 mln next year (total primary surplus at 3.56 percent of GDP
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Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget
EconomyProgrammethey expect in 2019 if the 1 percent of GDP in pension cuts does not go ahead. It has been suggested... a combined total of 253 million euros. This is still short of the reported fiscal gap
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