Search
-
Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesCountry of origin Primary permit holders Total permit holders including family members China 1,395... 66 201 Jordan 62 160 Iran 57 115 Other countries 266 568 TOTAL 2,968 7,565 Source: Ministry..., around 27 percent of the total. Chinese citizens have long used overseas property as a safe haven
21% -
H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingof the year compared to H1 2018. In total, the bank’s profits in H1 came to 25.7 million euros, down... million euros. Eurobank reported a YoY drop in PPI of 3.4 percent, bringing the total to 398.6..., taking the total to 594 million. Eurobank’s net fee and commission income rose by 13 percent YoY to 156
21% -
Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesmore in loans, taking the total sums to 18.2 billion and 17.7 billion respectively and the total close..., contributing to a total growth forecast to 2.9 percent. It is easy to see how crucial... of RRF funds were not spent on schedule. As a result, total public investment including the Public
21% -
Greece’s return to capital markets: Why not try a diaspora bond first?
Agora. In November 2013 the Italian state successfully placed such a patriotic bond with a total volume of 22...Greece’s return to international capital markets during the course of 2014 is currently the talk... surplus, whose size appears to be changing on a weekly basis, the objective of returning to capital
21% -
Greek business feeling the pinch from capital controls
Economythe imposition of capital controls found total retail sales had dropped 10 percent. This reflected...The imposition of capital controls a month ago has taken a heavy toll on Greek companies, from... the decline was below the 50-percent mark. The negative direct or indirect implications of capital
21% -
Alpha makes 1.09 bln bond swap offer to boost capital
EconomyBankingNovember 16. A similar bond swap offer was announced by Piraeus on October 15. It related to a total... could boost its capital base by up to 586 million euros for the cash consideration or by a maximum... strengthen its capital base by a maximum of 415 million euros for the cash consideration or by up
21% -
Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingnext year and marginally grow by 0.2 percent in 2020, a total deviation assumption of 10 percentage... the health of the domestic lenders and to have a complete picture about any potential capital needs... percent for Piraeus. Under the adverse scenario, the capital of Greek lenders is seen being depleted
21% -
Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
EconomyMacroeconomyof total road motor cars. The Attica prefecture registered more than half of the country’s road...). The drop in July is largely attributed to the imposition of capital controls. It is the first... for a potential Grexit or imposition of capital controls and deposit haircut with a large number
21% -
New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyon total new deposits down 7 bps to 0.71 percent in August, which is the lowest reading in the post... the four systemic banks’ decision to reduce interest rates amid capital controls, since they dominate... on capital controls. The restrictions on time deposit renewals also explains the positive flow of 6.25
21% -
Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economyfor those under the poverty limit so that the total servicing of their obligations for taxes, bank loans..., total non-performing loans (NPLs) amount to 77 billion euros, of which 42 billion stem from... stood at 38,948 (0.7 percent of total). For this income bracket, total income stood at 5.7 billion
21%