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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomyof 2018. Following two recessionary years, the BoG estimates a strong GDP rebound of 2.5 and 3... and gradual restoration of confidence. The BoG estimates growth of 10.8 and 12.1 percent... recovery of demand and the impact from the indirect taxes. BoG estimates that the impact of the rise
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyforecasts published on Thursday. As expected, the EC revised its GDP growth estimates downwards for 2017... at the same rate as in 2017 by 1.4 percent. Meanwhile, the EC upped its unemployment rate estimates...). Furthermore, the EC noted that its fiscal estimates do not incorporate the ongoing revenue administration
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyimpact of the recession and austerity measures. Its cost is estimated at 1.86 billion euros. The key interventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... security contributions with an estimated cost of 6.5 billion euros, which is the highest of the three
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 1.3 percent of GDP respectively. These measures mainly aim to cover the higher fiscal gap estimated... percent, with estimated revenues of 450 million in 2016. 2) Taxation of 30 percent on gross gaming revenues of VLTs with estimated revenues of 35 million in 2015 and 225 million in 2016. This relates
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Newsletter 34 - 10/07/2015
estimates for 2015. Even before the imposition of capital controls, the rating agencies were projecting... increasing the corporate tax rate from 26 to 28 percent, with estimated revenues at 260 million in 2016... on pensions, which means restoring previous cuts at an estimated cost of 1.5 billion euros. From what
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Greek tourism's long-term growth prospects are good, report shows
EconomyMacroeconomyto grow by 2.2 percent in 2016, with estimated international tourist arrivals at around 25 million. WTTC estimates arrivals will reach almost 38 million in 2026, generating expenditure of 23.3 billion...) in 2015 and is estimated to fall by 0.5 percent to 13.2 billion in 2016, according to the annual
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Time running out for Golden Visa as housing problems increase
Agoralast week, Piraeus Bank estimates that during the crisis some 197,000 new households were created, against an estimated 155,000 new properties built in the 2012 to 2022 period. This imbalance of roughly... focused on securing as much revenue as possible from the segment. An estimated 5.54 billion euros
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomy, the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Tuesday. The headline figure for Q4... it started to rebound in the next two quarters. ELSTAT said flash estimates are expected to be revised upon the release of provisional estimates scheduled on March 6 including updated figures for December
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How Greek banks moved into a new era
Agora, with banks’ current estimates pointing to a peak of the NPL ratio close to the end of the year easing... this year. Current consensus estimates point to a loss-making year for all banks except National, while... was estimated at 5.8 billion under the binding baseline scenario and at 8.8 billion under
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking. The bank estimates synergies of 10 million and positive liquidity of 0.3 billion due to the acquisition... Ahli Bank of Kuwait for a consideration of 150 million dollars. The bank estimates... cash buffer is estimated at 12 billion based on the current collateral valuation and haircut regime
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