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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesshortening. Total revenues per tourist arrivals have been dropping by 3 percent each year, implying... banks. There are also approximately 100 hotels for sale throughout Greece, with 11,764 rooms on offer. The total rooms advertised for sale represent 3 percent of hotel capacity. As of June 2018
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammeloans to Greece are expensive. “Especially for one part, 3 to 4 billion euros, the interest rate... the equivalent Italian debt sank to below 100 basis points. This is within touching distance of the lowest... suggesting that a move could be made as early as this week. The options of a 3- or 7-year issue worth 2
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Newsletter 202 -12/04/2019
the spread over the equivalent Italian debt sank to below 100 basis points. This is within touching... in the local media suggesting that a move could be made as early as this week. The options of a 3... goal of 3.5 percent of GDP is seen being reached all the way to 2022, dropping to 3 and 2.8 percent
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Newsletter 208 -31/05/2019
Varoufakis narrowly missed the 3 percent threshold for electing an MEP, gaining 2.99 percent of the votes... share of the vote by 3 or 4 points to ensure that it has a clear and prominent future on the Greek..., the index has remained above 100 points in the year so far. Consumer confidence improved by 1.4 points
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammeof around 100 million euros, but was not mentioned by Mitsotakis in his speech on Saturday. The previous... has asked government departments to find 3 billion euros of savings in order to fund the tax cuts... to 3 percent from 5. However, the biggest change is regarding businesses as New Democracy plans
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammeis the SDR’s interest rate plus 100 basis points, however loans made by the Fund that exceed... of 2016. Greece’s quota with the Fund is just above 3 billion euros. As of the end of June its..., from a combination of programme financing, 3 successful bond issues this year in the volume of 7.5
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ND promotes positive narrative abroad, away from inquiry clash at home
PoliticsGreek Politicsto the full lifting of capital controls and the official request to make a pre-payment of almost 3 billion... DEPA, making 100 percent ownership of the two subsidiaries available to investors. The final decision... than the expected 1.9 percent this year and could even reach up to 3 percent in 2020. He also
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammeprogramme from 3 months Euribor rates to fixed rates of 94 basis points. This involves more than 52.... This leads to a nominal GDP level that is 3 percent lower in 2028 than it was anticipated in March... is in a downward trend that keeps it above 100 percent of GDP in 2041 and at 60 percent in 2055, with a small
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBanking) fell by 3 percent QoQ to 300 million. In the 9M period, NII rose by 7 percent, which... to 41.4 billion in Q3, rising by 3 percent YoY, despite state deposit outflows of 1.8 billion... million from 100 million in Q2 (CoR of 32bps), reflecting positive house price movement. In the year
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking, reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent... requirement of 100 percent to 107 percent as at Q3. At the same time, Net Stable Funding Ratio stood... with Intrum and that the bank was preparing 3 billion euros in NPE securitisations in anticipation
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