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  1. Newsletter 127 - 14/07/2017

    Newsletters

    billion euros, the Bank of Greece's (BoG) monthly financial statement revealed. In the previous month... from the growth of below one percent in the previous month. Greece’s Industrial Production Index (IPI... positive reading, recovering from the growth of below one percent in the previous month. The increase

    7%
  2. Overdue social security contributions increase 827 mln to 23.3 bln at end of Q2

    EconomyMacroeconomy

    at the end of the second quarter (Q2) of 2017, up from 22.49 billion at the end of the previous... of over 180,000 from the previous quarter’s figure of 410,238. Around 10.4 percent of debtors owe between... from 64,433 in the previous quarter, or 8 percent of the total. We highlight that 18.96 billion

    7%
  3. Newsletter 130 - 04/08/2017

    Newsletters

    of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears... relate to the previous government’s initiative two years ago (law 4321/2015) that provided... million in the previous quarter. Overall, KEAO has collected revenues of 2.25 billion since 2013

    7%
  4. Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
    Photo by MacroPolis

    EconomyBanking

    increasing to 39.7 million euros Q2 from 36.5 million in the previous quarter. As a result, the bank... million in the previous quarter. When write-offs are also taken into account, the NPE stock... 50.8 percent in the previous quarter. In the Greek market in particular, all sectors recorded

    7%
  5. Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors

    EconomyMacroeconomy

    of the third quarter (Q3) of 2017, up from 23.32 billion at the end of the previous quarter, a bulletin..., an increase of more than 230,000 from the previous quarter. Around 11.3 percent of debtors owe... to reach 86,018 from 64,326 in the previous quarter, or 7.2 percent of the total. It is noted

    7%
  6. New overdue tax obligations up by 706 mln in September, total at 98.75 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    from 84.7 percent in the previous month. The amount due for personal income tax jumped substantially.... Corporate income tax due declined slightly from the previous month and came to 624.9 million, of which... in the previous month. Tax debtors rose by 410,300 to stand at 4.3 million. The total for legacy tax arrears

    7%
  7. Newsletter 139 -10/11/2017

    Newsletters

    . The collectability rate stood at 69.4 percent. Corporate income tax due declined slightly from the previous... and new tax debt, rose by 514 million euros to 98.75 billion compared to the previous month... revised downward from the 1.7 percent shown in the previous forecast. Growth is expected to pick up

    7%
  8. Banks meet NPE reduction targets in Q3, adjust targets for next two years
    Bank of Greece

    EconomyMacroeconomy

    percent, followed by small and medium-sized enterprises at 59 percent. As with previous quarters... portfolio. As with previous quarters, NPE outflow from collections, liquidations and loan sales...) reaching 64.6 billion in 2019. This is around 2.2 billion euros more ambitious than the previous

    7%
  9. Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    from the previous month. On an aggregate basis, the collectability rate came to 68.1 percent... slightly from the previous month to stand at 662 million with a collectability rate of 86.8 percent... in the previous month, the number of tax debtors increased once more, rising by 36,364 to come to 4.2

    7%
  10. Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
    Image via www.eurobank.gr

    EconomyBanking

    million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent... 51.6 percent in the previous quarter. On an annual basis, the NPE ratio fell by 340 basis points... rise in the previous quarter. In the corporate loans sector, NPE formation stood at -62 million

    7%