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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingof 47 basis points to the bank’s Total Capital Ratio. Cosmos is a capital neutral transaction... billion euros gross book value, and the sale of Sky portfolio of Cypriot NPEs worth 2.2 billion euros... includes 190,000 loans, 77 pct mortgages at 4.7 billion euros, 18 pct SMEs, 1.1 billion euros and 5
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomypct this year and significantly lower at 1.8 pct of GDP next year. The total deficit settles at 0.9... deficit of 1.9 pct in 2022, with surpluses increasing from 1.1 pct of GDP in 2023 to 2 pct of GDP in 2027... under the current commitments expect Greece to return to a 2.2 pct of GDP surplus by 2024 and maintain
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomy, the Commission forecasts a primary surplus of 2.2 pct, leading to a total deficit of just 0.8 pct of GDP..., with the deficit seen at 1.8 pct next year, which corresponds to a primary surplus of 1.1 pct, which
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Industrial turnover returns to contraction in Nov with sharp 5 pct YoY drop
EconomyMacroeconomy(YoY), from a 1.1 percent increase in October, according to data released by the Hellenic Statistical... market was down by 9.4 percent. On a monthly basis, industrial turnover in the total market... by 2.2 percent. In respect to sentiment indicators, Greece’s Manufacturing PMI recorded a strong
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Renewed concern over East Med as Turkey aims to resume drilling
PoliticsForeign Policyput on hold its drilling program in Block 10 until September 2021, while Eni and Total are expected... and Total were to carry out exploratory drilling in Block 6, Yavuz’s planned area for drilling works... were not acquired by Greece under international law and that they are Turkish territory. In Libya
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PM hails Chevron bid as vote of confidence amid mixed reactions to TIF package
PoliticsGreek Politicssquare kilometres, almost doubling the total offshore area under exploration to just over 90,000... total dependence on imports, including from Russia. Secondly, the government hopes that the involvement... the 2019 Turkey-Libya memorandum which claims some of the maritime zones south of Crete. The prospect
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New overdue taxes rise by 1.37 bln in Feb, total reaches 104.4 bln
EconomyMacroeconomyfor the same period last year by 54.5 percent. In January, the total came to 776 million euros. New unpaid... of the total figure for new tax, or roughly 2.04 billion, stems from tax categories. The remainder is related.... The total number of tax debtors fell by 118,424 month-on-month in February, after a rise of 59,447 noted
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New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
EconomyMacroeconomyfor the same period last year by 25.9 percent. In February, the total had stood at 2.15 billion euros. New... of 612.4 million due. Around 95 percent of the total figure for new tax in March, or roughly 2.51 billion... according to the latest data from the IAPR. The total number of tax debtors fell by 65,675 month
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Rate of increase in overdue taxes drops in Aug as total passes 105 bln
EconomyMacroeconomyfor the same period last year by 27 percent. In July the total stood at 3.93 billion euros. New unpaid obligations from tax categories showed a rise of 736 million month-on-month in August, bringing the total..., another 585.3 million in taxes went unpaid, according to the latest data from the IAPR. The total
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Tsipras returns from US with positive sentiment but absence of tangible results
PoliticsForeign Policyto upgrade its F-16s. Greek officials briefed the local media that Athens would only be paying 1.1 billion..., pointing out that Greece would be able to receive US gas imports once a floating LNG terminal
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