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Newsletter 196 -01/03/2019
Spotlight on pending reforms No breakthrough on primary residences as EC outlines steps ahead... residences with the institutions, which underlined this week that Athens needs to make further progress... authorities for a new system of protection of primary residences raises concern. "It has a large
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Newsletter 238 -07/02/2020
protection Migration and the protection of primary residences proved two troublesome issues.... The migration issue and current legislation protecting primary residences which expires in April... that there is no absolute protection of primary residences in any advanced economy in the world
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Ministry urges borrowers to apply for home protection before scheme expires
EconomyBankingin foreclosures of primary residences, something that is deeply unpopular with the public and politically... submitted by banks to borrowers for the protection of primary residences have increased by 42 percent... details on the settlement arrangements made for primary residences in the second half of 2019
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
EconomyΤhe Finance Ministry (MoF) tabled on Wednesday night an amendment to the legal framework which allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant... reportedly approved. a) Τhe new legislation is optional for the banks and requires approval from
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Greek industrial turnover posts rise of 1.8 pct in September after earlier drop
EconomyMacroeconomyΤhe Turnover Index in Industry rose by 1.8 percent in September following an upward revised 4.1 percent drop in August, according to the Hellenic Statistical Authority (ELSTAT). Note that historical... (down 16.4 percent). Τhe Markit’s Manufacturing PMI slightly improved by 0.4 points to 48.8 in October
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Stronger rise of 4.1 pct for Greek industrial turnover in October
EconomyMacroeconomyΤhe Turnover Index in Industry increased for the second straight month in October at an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according...) and wood and cork (down 17.6 percent) following suit. Τhe Markit’s Manufacturing PMI slightly improved
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Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
EconomyMacroeconomy. Τhe non-seasonally adjusted (NSA) unemployment rose to 22.4 percent in October after a short-lived..., there is a notable divergence in their estimates. Τhe most optimistic projection is that of the IMF (21.5
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Unemployment rate stable at 23 pct in November
EconomyMacroeconomyfigure by 76,500. Τhe non-seasonally adjusted (NSA) unemployment headed north for the second straight..., there is a marked divergence in their projections for 2017. Τhe IMF has the most optimistic forecast (21.3
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Newsletter 151 -16/02/2018
to winter sales. Apartment prices fall by 0.3 pct in Q4 2017 Average price drop for the year comes to 1... to the previous quarter, apartment prices rose by 0.5 percent compared to a contraction of 0.1 percent in Q3 2017... observed in the last seven years. The drop in the nominal value of apartments in Greece came to 0.3
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Rise of property prices continues with 4.6 pct increase in Q2
EconomyMacroeconomy. Apartment prices in Greece began to decline in the first quarter of 2009. The biggest annual fall was posted.... The sharpest quarterly rate of decline was seen in Q1 2012, when apartment prices showed a YoY drop of 12.8...The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY
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