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Newsletter 196 -01/03/2019
being a safety net for those in serious financial distress but willing to meet their mortgage... to single digit growth of 6.4 percent this year to 5.1 percent in 2023. On investments, the Finance... the slowest to adjust were cited as the net external position, where the pace of improvement has been weak
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Newsletter 200 -29/03/2019
must have in order to be eligible, for a single this should not be higher than 12,500 euros gross... euros below the target of 9.53 billion euros. State budget net revenues came to 7.83 billion euros... the 180-billion-euro mark for 11 consecutive months. The net lending flow turned positive for the month
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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeaturesof net inflows, the total exceeded the pre-pandemic high of almost 4.5 billion recorded in 2019... for 2.5 billion euros accounted for 80 percent of net FDI flows that year. All sectors experienced... to regain its pre-crisis levels of over 3 billion euros net inflows, while total FDI broke the 4-billion
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Can the Green Transition be just?
Agorabinding, while setting a more immediate climate goal for 2030, namely, the reduction of net greenhouse... for 55' legislative package that would make the European Climate Law's commitment to reduce net emissions... consistent with meeting the European net emissions reduction target (at least -55% in 2030 compared to 1990
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgramme(MTFS) for 2018-2021, a pension reform with net savings of 1 percent of GDP in 2019-2021 and a personal income tax (PIT) reform also delivering net savings of 1 percent of GDP in 2020 and 2021... with the new figure ranging between 1,250 euros for a single and 1,450 euros for a family with three
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomyto the end of September. This quarter’s sales was largely composed of one particular sale by a single... their NPE targets submitted last September to the Single Supervisory Mechanism (SSM) of the ECB by 1.1... in the retail portfolio, by around 1.2 billion. Targets for net inflows of NPEs have been adjusted to a more
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Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingresults were more positive than those posted in Q2 and showed a net profit of 41 million euros which... be further reduced to single digits by 2021 with an NPE deconsolidation of approximately 7 billion in a single transaction to the SPV, which the bank will securitise in 2019. All shareholders
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Increase of 11 pct in minimum wage to have knock-on effect in economy
Economyminimum wage of 650 euros gross translates into 546 euros net pay and is almost 64 euros higher... to two monthly salaries annually. The daily wage of single unskilled worker is now set at 29.03 euros... on the current tax-free threshold, a single and unskilled worker on the new minimum wage will cost
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBanking) results, Piraeus Bank posted net profits of 14 million euros from continued operations. NPEs fell... the bank noted would be leveraged for their upcoming initiatives. Net profits came to 19.7 million... to single digits by 2021, with an NPE deconsolidation of approximately 7 billion in a single
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingtheir NPE ratios down to single-digits by the end of 2022. On the whole, the banks’ performance has been... their NPE-reduction plans to their regulator, the Single Supervisory Mechanism. Under the plans, Eurobank...-sheet cleanup was 2020 net losses of 1.21 billion euros and 662 million euros respectively
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