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Newsletter 326 - 28/01/2022
polled by Reuters had been expecting it to drop to 4.4 pct, from 5 pct in December. The range of HICP... to Eurostat, from 4.4 pct in December. The Consumer Price Index (CPI) in December by ELSTAT was 5.1 pct
8% -
European Parliament vote delivers blow to PM as rise of far right, low turnout dominate
PoliticsGreek Politicsdouble the 4.4 pct it received in last year’s national elections. Opinion polls had indicated.... Ultraconservative Niki was expected to gain 4.4 pct, up from the 3.7 pct it won in the national elections last
8% -
Tourism sets new record in 2025 with 22.4 bln receipts up to Oct
EconomyMacroeconomy-on-year (YoY). Travel payments rose by 4.4 percent to 258.3 million euros. The number of arrivals...-EU countries were 9.11 billion euros. In total, arrivals rose by 4.4 percent to 35.26 million
8% -
Newfound variety helps Greek winemakers enjoy exports boost
Societyin the export of Greek goods, which had a total value of 27.6 billion euros in 2012, but there has been.... In 2007, Greece exported just over 4,000 tons of strawberries with a value of 5.7 million euros. In 2012, exports reached more than 26,000 tons with a value of almost 40 million euros, making
7% -
Finance Ministry scrambles to correct property tax after error-strewn debut
EconomyMacroeconomyproperties, the value was calculated based on the objective value of other nearby properties. In most of those cases, this resulted in the calculation of a property value up to 10 times higher than the actual value, leading consequently to a much higher tax burden. Another mistake also involved
7% -
Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankingadjustment at fair value, while the NPE stock remained at 2015 levels. The evolution of loan quality... percent in the second half of 2015, while the value of card transactions increased at a slower pace of 12... with the value of card transactions reaching 53.2 billion euros, up 12 percent from last year. However
7% -
Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomyto the value of 27.5 billion euros, as well as the sale of a non-collateralised bad loan portfolio of 2.5... investor will sign a contract for an unsecured NPE portfolio with a nominal value of 2.5 billion. This in turn will lead to them signing up to manage almost the entire value of the bank’s current NPE
7% -
Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingof Greek SMEs secured with real estate assets with total on-balance sheet gross book value of approximately... portfolio secured with residential real estate assets with total on-balance sheet gross book value of 1.9... value of 1.8 billion euros. Finally, Piraeus Bank has 1.6 billion euros worth of NPE sales
7% -
BoG data shows drop in card usage in first half of 2019
EconomyFeaturesvalue of transactions per card dropped by 19 percent compared to the final six months of 2018, with the average value at 1,668 euros per card. This decrease is mainly due to a 20 percent drop in the average value of transactions per debit card, which came to 1,777 euros. The average value of credit
7% -
Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingto the statement. The Vega portfolio comprises three special purpose vehicles with a combined gross book value... of the senior notes in the transaction, which Piraeus will retain. The implied value of the Vega portfolio, based on the anticipated fair value of the senior notes and the sale price of the mezzanine notes
7%