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Finance Ministry scrambles to correct property tax after error-strewn debut
EconomyMacroeconomyproperties, the value was calculated based on the objective value of other nearby properties. In most of those cases, this resulted in the calculation of a property value up to 10 times higher than the actual value, leading consequently to a much higher tax burden. Another mistake also involved
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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankingadjustment at fair value, while the NPE stock remained at 2015 levels. The evolution of loan quality... percent in the second half of 2015, while the value of card transactions increased at a slower pace of 12... with the value of card transactions reaching 53.2 billion euros, up 12 percent from last year. However
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomyto the value of 27.5 billion euros, as well as the sale of a non-collateralised bad loan portfolio of 2.5... investor will sign a contract for an unsecured NPE portfolio with a nominal value of 2.5 billion. This in turn will lead to them signing up to manage almost the entire value of the bank’s current NPE
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingof Greek SMEs secured with real estate assets with total on-balance sheet gross book value of approximately... portfolio secured with residential real estate assets with total on-balance sheet gross book value of 1.9... value of 1.8 billion euros. Finally, Piraeus Bank has 1.6 billion euros worth of NPE sales
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BoG data shows drop in card usage in first half of 2019
EconomyFeaturesvalue of transactions per card dropped by 19 percent compared to the final six months of 2018, with the average value at 1,668 euros per card. This decrease is mainly due to a 20 percent drop in the average value of transactions per debit card, which came to 1,777 euros. The average value of credit
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Trade deficit falls 10.8 pct in December as exports rise slightly
EconomyMacroeconomyand the value of ships, imports rose by 1 percent, while exports rose by 9.5 percent. Excluding the value... countries fell by 21.8 percent. Stripping out the impact of oil products and the value of ships, last.... Without the impact of oil products and the value of ships, the trade deficit decreased by 13.9
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Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingto the statement. The Vega portfolio comprises three special purpose vehicles with a combined gross book value... of the senior notes in the transaction, which Piraeus will retain. The implied value of the Vega portfolio, based on the anticipated fair value of the senior notes and the sale price of the mezzanine notes
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Newsletter 279 - 05/03/2021
vehicles with a combined gross book value of about 4.9 billion euros of predominantly denounced loans.... The implied value of the Vega portfolio, based on the anticipated fair value of the senior notes and the sale price of the mezzanine notes, is about 31 percent of the gross book value, Piraeus said
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Productivity developments in the Greek public and private sector
Agorathe national accounts as just described, they measure first “gross value added.” Gross value added corresponds to how all the value produced in the economy is distributed in the form of labor income and capital income (or gross profits). Gross value added is then complemented by two smaller items, called
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No image availablebut in the database i.e the collection of the works and the value added service of the provision...” in which case the service consists in the value added service of finding the respective content. 1.7... of this Agreement, including non-payment of the value of the subscription, the Company reserves
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