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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBanking. Compared to the same quarter last year, PPI rose by 6 percent. Asset quality Domestic non-performing... from 378 bps in Q4. Net fee income fell by 11 percent QoQ to 59 million and showing a decline of 2... million in Q4 and 12 million euros in Q1 2018. Operating expenses fell by 6 percent QoQ to stand
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From a tsunami of debt to some sense of normality
Agorarepayments of roughly 2 billion over the next three years. Greek government bonds after the PSI... 11.7 billion euros, which is just 3 percent of total outstanding debt and only 6 percent of GDP... in September of that year that the deficit would reach 6 percent of GDP. In fact, it was at 8
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammebelow 2 percent and the yield of just 0.15 percent for the rollover of 6 months T-bills, he argued... between 4 percent and 6 percent as the debt ratio drops and the risk premium is reduced to just 75 bps
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Travel surplus rises by 12.7 pct in 9M
EconomyMacroeconomy. The rise was mostly driven by an increase of 14.1 percent, or 2 billion, in travel receipts. Travel... to total 50 million euros. Meanwhile, business trip receipts showed an increase of 6 percent... popular regions were the southern Aegean (6 million), central Macedonia (5.9 million), Attica (4.7
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ND to unveil more economic support as coronavirus restrictions are extended
PoliticsGreek Politicsand 6 pct VAT on hotels. However, all this has to be balanced against the available public finances... and expenses are roughly 6 billion per month. Revenues are expected to be well below the target in March.... On the spending side, the measures announced will cost 1.4 billion euros and could ultimately reach 2
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OECD forecasts unemployment increase into 2021
EconomyFeaturesof 6 percent across 26 European countries. Jobless projections Meanwhile, the research arm... contraction of 6 percent. This would lead to a decrease in jobs in 2020 of around 115,000 versus 2019. Scenario 2 sees GDP falling by 8 percent, leading to job losses of 153,000 while scenario 3, which
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Newsletter 329 - 25/02/2022
pct from ND, while 6 pct comes from those who abstained from the 2019 elections. Reports over... Athens to temporarily reduce VAT on some goods from 13 to 6 percent or to bring down the special... to subsidise energy bills has already reached 2 billion euros. The situation in Ukraine has created
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyis expected to grow by 6 pct in 2022 in real terms, up from the 4 pct expected in the previous... inflation is seen at 10 pct for 2022 and 6 pct for 2023, slowing down to 2.4 pct in 2024... forecast, and pick up pace again in 2024 to 2 pct. The fiscal path is seen on a downward trajectory
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Newsletter 360 - 25/11/2022
by one point to 30 pct, while trust in SYRIZA leader Alexis Tsipras has risen by 2 points to 22... for the economy after the strong rebound in the year following the pandemic and solid growth close to 6 pct... and inflation at 6 pct, towards mounting challenges for households and firms, and uncertainty around
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Newsletter 364 - 23/12/2022
SYRIZA by almost 2:1. The findings suggest that despite the derision heaped on the support measures... some 6 pct in 2022. The latest GDP data for Q3 published a couple of weeks ago reaffirmed the view... sees growth even lower to 1 pct, while inflation is also seen persisting into 2023 at 6 pct. In its
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