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NBG posts 557 mln profit in Q1
EconomyBanking-- more than 30 days past due -- something that the bank labelled as “encouraging”. About half... percent, exceeding the minimum regulatory levels by more than 6 percentage points. When completed
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomydeposits rising by more than 7 pct of GDP. Private consumption is seen rising by 1.6 pct in 2021 and 3... solutions than the Hercules APS that is already in flight and was recently extended until the end of next
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IMF raises outlook on Greek debt sustainability to merely 'uncertain'
Economy. Overall, the IMF’s view has not substantially changed on Greece after more than one year... in 2022, roughly half a percentage points lower than the finance ministry’s forecast for each year
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Newsletter 299 - 04/06/2021
than 4 pct this year and 6 pct in 2022, mostly thanks to the contribution of the RRF resources... consultation. Overall, the IMF’s view has not substantially changed on Greece after more than one
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Building permits jump by 42.9 pct in March, from year-earlier start to lockdown
EconomyMacroeconomycame to roughly 80 percent lower than the 2005 peak. Much of the current building activity also concerns refurbishments rather than new building projects. The vast majority of building projects
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Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
EconomyMacroeconomystill employed if the duration of their absence was less than three months and they continued... Ministry’s Ergani database for April showed the balance was positive with 81,942 more hirings than
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Budget primary shows deficit of 8.17 bln in May, falling below target
EconomyMacroeconomywhich was 209 million euros higher than its monthly target. State budget total revenues stood at 19.9 billion euros for the first five months, lower than the target by 281 million euros, or 1.4 percent
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Govt views pandemic window as opportunity to advance contentious reform agenda
PoliticsGreek Politicsmay keep the virus around longer than governments would have liked. The opening of the borders has seen an increase in the number of Covid-19 variants recorded in Greece. As of June 8, fewer than 10
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeatureshave been transferred from their balance sheets, more than halving the volume of bank-held NPLs... for individual transactions rather than mass sales. Such transactions include an unspecified number
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Newsletter 302 - 18/06/2021
estimates put more than 50 billion euros. Mitsotakis is hoping to take advantage of the positive mood... than older ages and the fact that the reforms to auxiliary pensions will only affect Greeks who
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