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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomyfrom around 1 billion in the preceding two months, according to data provided by the General... that the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... to collect an additional 1 billion in the second half of 2014, which corresponds to 167 million per
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyto higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros..., which outperformed the monthly target by 84 million, the 9-month figure rose by 1 percent to 36.47..., which rose at an accelerating pace to 1.42 billion euros in August from 1 billion in the preceding
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Greek primary budget surplus rises to 2.53 bln at end of September
Economyon month (MoM) improvement mainly reflects higher revenues by almost 1 billion euros in September... jumped by 18.3 and 29 percent respectively. The respective 9-month figures dropped by up to 1 percent..., led the 9-month figure up 1 percent to 36.47 billion, just 24 million short of target. The most
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingby a modest 1 percent QoQ. The yearly drop mainly stems from a double-digit decrease in personnel... with the coverage ratio at 45.3 percent. Gross loans rose by almost 1 billion QoQ to 71.4 billion... of total assets. The bank’s Basel III Common Equity Tier 1 (CET1) ratio slipped to 15.8 percent in Q3
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Newsletter 3 - 14/11/2014
shortfall of 1 billion. It is not yet clear how the troika projected that figure, since the general... fiscal gap at around 1 billion and there is expected to be some communication between the two sides... overdue by 1 October 2014 cannot be included in the settlement. Such tax obligations mainly relate
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgramme. This is higher by almost 1 billion compared to its previous forecast, reflecting the troika’s view... as of October 1, the troika has reportedly also asked for a reduction in the number of installments to 72... costcutting measures in the public sector. The government also believes cost savings of 0.5 – 1 billion
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economythe two EFSF tranches in July and August of 1 billion euros each, counterbalanced by payments of 1.86... to 1 year) and medium (1 to 5 years) term debt. Greece’s cash deposits contracted by almost 1.2
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomysuccessive quarter by 3.1 percent accelerating from the 1 percent posted in Q2. In contrast, Q3... percent. Gross fixed capital formation posted a rise of 1.6 percent QoQ and 1 percent YoY in SA terms... increase to a modest 1 percent for 2014. Total exports rebounded QoQ for the third straight quarter
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Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
EconomyMacroeconomya slighter deterioration by more than 1 pp to 27.4 percent. For corporate NPLs (for loan amounts above 1 million euros) in particular, a BoG study showed that they are concentrated in a relatively... in the preceding two years, it improved by 1 pp to 50.5 percent at the end of June. BoG urged banks
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Newsletter 8 - 19/12/2014
could be held on January 25 or February 1. Dimas in a short period of time. The fact remains..., that all the parties have their eye on early elections, which could be held on January 25 or February 1... in the 10-month period. Of this, 1 billion was recorded in January, while time deposits posted inflows of 2
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