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  1. Current account balance shows a surplus for third straight month, at 2.09 bln in August

    EconomyMacroeconomy

    that excluding oil and ships, exports fell by a low single-digit figure (-2.8 percent). In absolute... billion respectively. The services’ surplus dropped by 3.9 percent primarily due to lower net transport...’ surplus by 2.3 percent in the 8-month period stems from lower net transport and other services’ receipts

    7%
  2. Piraeus announces transformation plan amid 2020 loss of 662 mln
    Image via www.piraeusbank.gr

    EconomyBanking

    securitisations, which it says will decrease its ratio of non-performing exposures (NPEs) to single... year-on-year (YoY). Net interest income (NII) came to 378 million euros versus 380 million euros... for Phoenix and Vega, the NPE ratio dropped to 35 percent, while the coverage ratio was 45 percent. P&L Net

    7%
  3. Where is Odysseus? Part 2 - Uncertainty
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    looking uncertainty interval. Consider Figure 1 below, which shows not a single updated demographic... net emigration, so if an effort were made, and if this could be successful, to turn this around into net immigration, then the population could grow more quickly in the future. Variations

    7%
  4. Marginal net losses of 2 mln for Alpha in Q1
    Photo by MacroPolis

    EconomyBanking

    expenses. In contrast, core revenues fell 2.3 percent QoQ reflecting a drop in net interest income

    6%
  5. Opposition frets over foreclosure decision as ND casts net for new faces

    PoliticsGreek Politics

    it has proved the “most successful tool of the last 12 years for settling private debt.” ND casts net

    6%
  6. Piraeus eyes major NPE deal as banks remain focused on bad loans
    Photo by MacroPolis

    EconomyMacroeconomy

    commitments to the Single Support Mechanism (SSM) guidelines submitted to the ECB. Should the deal go through... percent by the end of 2019” and that the pile would be further reduced to single digits by 2021 with an NPE deconsolidation of approximately 7 billion in a single transaction to the SPV, which

    6%
  7. Opinion polls signal fragile political stalemate and rising public anger

    PoliticsGreek Politics

    of Freedom, the Communist Party and SYRIZA – vying for seats in Parliament. The net effect is a fragmented opposition that reduces the chance of a single credible alternative taking power but increases.... In both polls the single most common choice for “who is the most suitable prime minister

    6%
  8. Newsletter 34 - 10/07/2015

    Newsletters

    obligations from its own sources. The Greek document, submitted to Parliament as a draft law in a single.... The document indicated that VAT reform will target net revenue gains of 1 percent of GDP... in the same period last year. This translates into a net drop in retail sales by 305 million over

    6%
  9. Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
    Photo by MacroPolis

    EconomyBanking

    Following Eurobank, Alpha also reported net loss of 533.1 million euros in the fourth quarter (Q4...). For the whole of 2015, Alpha recorded net loss of 1.37 billion euros from 329.8 million in 2014. Excluding... (37 million) and contribution to the new Single Resolution Fund (34 million). The top-line performance

    6%
  10. Finance Ministry says revenues beat revised target by 105 mln in July
    Photo by MacroPolis

    EconomyProgramme

    In response to Wednesday’s press reports noting that net revenues in July fell short... million above the target of 208 million. Lower revenues coupled with higher tax refunds led net... tax refunds) beat the target by 621 million euros and net revenues by 261 million, according

    6%