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IFRS 9 provisions required by banks in line with expectations
EconomyBankingof potential loan losses. Market analysts had estimated the impact of the new accounting rules in the region of 5.5 to 6 billion euros. Alpha Bank announced that its estimate for the IFRS adoption.... Greek lenders recently announced their estimates for the first-time adoption of the new IFRS 9
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Newsletter 209 -07/06/2019
also adopted a package of permanent fiscal measures which the European institutions estimate will have...) in the first quarter (Q1) of 2019 after a decline of -0.1 percent seen in Q4 2018, provisional estimates from... have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyofficial revision of the growth estimate for this year. GDP is now seen rising by 5.3 pct, from 3.1 pct... roughly 20 pct below the 2010 levels. The Finance Ministry admitted that in the latest estimates the cost... euros for 2022. The actual fiscal cost of those interventions on the energy market are estimated
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Newsletter 392 - 08/09/2023
. According to an estimate from the National Observatory of Athens, 72,000 hectares of land has been... tourism that will boost the traditionally strong Q3, it is believed that the estimates of 2.3 pct... policies, which pushed up interest rates by more than 400 basis points, it is estimated that one more
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Greece's labour market is austerity's biggest casualty
Agoraa conservative estimate of 20,000 job losses in the accommodation and food service activities, the Greek... and the recession does not exceed the finance ministry’s estimates) and the revenue side of the budget... jobs lost, an estimated 200,000 properties in stock, the state repeatedly reducing the public
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybackstop facility. It is, however, premature to estimate any a figure given that several major issues... point out: - the haircut that would be applied to banks’ profitability estimates included... for 2014-15. The latter was estimated at 10.9 billion by the IMF in its latest review report in July 2013
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyof 1.5 percent. The ministry is reportedly going to set its estimate for 2015 at 2.3 – 2.5 percent... by Athens and its lenders. Apart from the updated estimates on income tax and single property tax... was estimated at 2.02 billion (1.1 percent of GDP) by the IMF in its fifth review report on June 10
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeof GDP in 2015 incorporated under the assumption that there are no policy changes. This estimate... (privatization proceeds) of 1.5 billion for 2015. Under more positive estimates on the revenue..., the primary surplus for 2015 is estimated at 2.1 billion euros compared to 593 million in 2014. The breakdown
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Newsletter 101 - 23/12/2016
of reforms and privatisation measures. BoG upgraded its macro estimates, which now point to a marginal GDP growth of 0.1 percent in 2016 from a mild recession of 0.3 percent in its previous estimate... estimated that the increased use of plastic money in Q3 2015 explains the increase in VAT revenues by 600
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesrange is applied on a rolling basis. On the back of those restrictions, we estimate that the eligible... estimates on the correlation between government bond yields, credit ratings and monetary policies... is delayed significantly, the impact on bond yields would be lower than initially estimated and would
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