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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomythe beginning of the year. It is worth noting that the bulk (17.25 billion) of the year-to-date decrease.... The vast majority (10.85 billion) of this decline was recorded in the course of this year.... This year it has come down by 32.20 billion. Owing to the higher fall in ECB funding compared to ELA
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New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln
EconomyMacroeconomyof this year was due to be paid. VAT created a revenue gap of 97.1 million euros in September. Its... of the year, which means that for every 3.7 billion of revenues collected per month there are 1.15... to ENFIA and 275.3 million to corporate income tax. The year-to-date figures show that corporate income
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Building activity rebounds 16.6 pct in Aug, largely due to low base effect
EconomyMacroeconomyreflects a low base effect, since building permits had plunged last year in the wake of capital controls. The absolute figure of permits stood at 897 in August, up from last year’s figure of 769... percent in the second quarter of the year, the 29th consecutive quarter of decline. The cumulative drop
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankinga year ago. The quarter on quarter (QoQ) improvement in profitability reflects a rebound in net... was reduced by 587 million QoQ and by 2.2 billion year on year (YoY) to 25.35 billion at the end... quarter, while was at 60.6 percent a year ago. The non-performing exposure (NPE) stock also edged
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingdropped by 1.9 billion since the beginning of the year, mostly reflecting curing and write-offs... are estimated at around 2 billion each. Since NPEs have decreased by 1.9 billion year to date... it expects cost of risk at around 200 bps for the whole year. Cumulative provisions fell to 12.54 billion
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Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
EconomyMacroeconomydeductions of 3.17 billion euros in the 10-month period of 2016, 4 percent higher than last year’s figure... with the year to date pointing to a negative flow of 481 million. Net deductions in loans to sole... since the beginning of the year. In specific, deductions in the housing loan sector reached 169
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Tsipras bet on recovery a long shot but offers better odds than snap polls
Agorawill not go away. So many had their fingers burned last year when the theories on what Tsipras was actually...-turns last year means that many in Greece, including the opposition parties, are concerned that he... measures over the last year, and absorbed the political impact from that, it would seem extremely
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Greece lags in basic skills for youth but improves in educational attainment
Societydifficult. The report also noted that in the three years from 2012, the percentage of 30-34 year olds..., respectively. Greece also has the highest rate (40 percent) of 15-29 year-olds with a tertiary... year-olds in Greece perform as well in literacy as 55-65 year-olds.
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Revenues beat target for third successive month in November
EconomyMacroeconomythat refunds were lower than the target, extending the year to date underperformance to 157 million. Overall... outlining the key budget figures is due to be published as of December 10. The last month of the year is crucial for the full-year revenue performance since the seasonal road taxes are due to be paid
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Building activity edged up 1 pct in September
EconomyMacroeconomybuilding permits dropped by 11.4 percent in the corresponding period last year in the wake of capital... successive year. Since the record high of 95,730 in 2005, building permits have slumped to just... show that apartment prices fell by 0.6 percent quarter on quarter and by 1.5 percent year on year
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