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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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Car sales grow by 7 pct in Dec and by 13.5 pct overall in 2015
EconomyMacroeconomy(-13.8 percent) last year. The July drop was attributed to the imposition of capital controls and October... at 96,151 for the whole year making up almost 83 percent of road motor cars. The 13.5 percent
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Greek labour market recorded in 2015 second highest net hirings since 2001
EconomyMacroeconomyhirings reached 99,700, marginally up by 0.6 percent over the 2014 figure of 99,122. The breakdown shows... percent drop in gross departures of 1.71 million. The latter reflects a rise in lay-offs by 14 percent
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Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
Economyto 81.82 billion implying a double-digit drop by 15.3 percent until 2014. However, due to GDP... average of 32 and 34 percent respectively. In contrast, taxes on income and wealth make up 24.9
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economyhaving to clean up their balance sheets from the huge stock of non-performing loans estimated at 46... from further drop in oil prices, payment of general government arrears to the private sector
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EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
Economyto drop 0.7 percent from growth of 0.5 percent in 2015, while the decline in investments is seen... that the agreed fiscal policy measures are expected to deliver savings of up to 2 percent of GDP (3.5 billion
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Newsletter 61 - 05/02/2016
. The faster rate is due to a 7.9 percent drop in imports against a 2.6 percent fall in exports, which... capable of holding up to 300,000 displaced people. If Greece is converted into Europe’s gatekeeper
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