Search
-
Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
12% -
Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... to face losing 69 percent of their turnover in 2020, while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39, 33 and 26 percent, respectively. 2 Loan interest
12% -
Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2...’s macroeconomic assumptions. According to the council, the 2 percent growth projection for 2019... in 2020, the OECD has its estimate at 2 percent and the IMF expects 2.2 percent growth. The council
12% -
Plans for Hellinikon development set out, emphasis on real estate revenues
EconomyFeatures, will be carried out in phases. The first phase is budgeted at 2 billion euros, almost double the original plan... of the coastal front. Of the 2 billion euros for the first phase, 850 million euros will come from... is budgeted at 2 billion euros. Overall, five multistorey buildings of 200 metres and 10 landmarks
12% -
Newsletter 224 -18/10/2019
to the previous estimates that were released in April. The IMF sees the Greek economy growing by 2 percent... falling from 2.6 to 2.3 percent of GDP between 2020 and 2023 and settling at 2 percent in 2024..., making the net effect more moderate. 2 Rate of rise in overdue taxes drops in Aug Total for new
12% -
Newsletter 226 -01/11/2019
risen is that the previous auction of 26-week T-bills on October 2 for the same amount produced a yield... below the 2 percent threshold, and only the 25-year benchmark marginally over at 2.12 percent... the target by 542 million. Overall, the PIB balance landed on a deficit of 777 million euros. 2
12% -
Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBanking(-2 million). Overall, the NPE ratio stood at 45.5 percent at a group level, with the NPE coverage... operating expenses rose by 1.1 percent QoQ to 270 million, declining by 2 percent YoY to stand... billion euros QoQ. Loan balances in Greece stood at 42.1 billion euros, declining by 2 billion QoQ
12% -
Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingYoY. In the 9M period, NII came to 1.07 billion euros, higher by 2 percent YoY. Management noted..., reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent... at 800 million at the end of Q3 2019, down by 2 billion YoY. The bank fully eliminated ELA funding
12% -
PDMA sets 2020 goals to build on improving conditions for debt
Economypercent from 2024 onwards, inflation at 2 percent, an average effective rate on the debt at 3.4.... In scenario 2, which includes early official sector repayment, the new transactions will come to 8... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
12% -
New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicscreditors to reduce the fiscal target from 3.5 pct of GDP to between 2 and 2.5 pct. The government... forecast which put it at 2 percent, and the institutions and foreign banks which put it at 1.8-1.9... that the amount will be between 1.5 and 2 billion euros. Clearly, there are a lot of variables
12%