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Industrial production edges up 1 pct in April after double-digit growth in previous two months
EconomyMacroeconomy, which retains the lion’s share (around 70 percent) of the total index. Electricity production, which makes up more than one fifth of the total index, grew by 3.7 percent. Furthermore, mining and quarrying production climbed 13.2 percent, but accounts for almost 6 percent of the total index
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Newsletter 128 - 21/07/2017
percent, while mining and quarrying turnover surged by 31.6 percent but makes up just a fraction of the total index. The breakdown revealed that the industrial turnover in the non-domestic market rose... for the same time last year which stood at 5.58 billion. Overall, the total stock of overdue obligations
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Newsletter 159 -27/04/2018
2010 for the System of National Accounts. ELSTAT makes a specific point of highlighting... produced a total surplus of 1.45 billion euros, which translates into 0.8 percent of GDP. The primary... are broadly in line with Greece’s fiscal performance in 2016 when the latest figures report a total
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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomycharacterised by confusion and instability. Between 2001-2015, the report counted a total of 36... in Greece . The total tax rate for businesses when insurance contributions are factored in was 44... the risk of poverty. Furthermore, high taxes don’t always mean that the revenue makes its way
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Newsletter 167 -22/06/2018
in total, covering Greece’s funding needs for the next 22 months. It is likely that Greece will use... in total over the next few years. In terms of long-term debt relief, the Eurogroup simply reaffirmed... that this makes for a convincing exit to the third MoU, leaving Greece fully protected from any
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingfunding in mid-July 2018, meaning ECB funding makes up the total current sum. Management said... quarter of last year are priced higher than the total portfolio, stimulating the NII dynamics... wholesale funding cost impact following the total elimination of Emergency Liquidity Assistance (ELA
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingin mid-July 2018, meaning ECB funding makes up the total current sum. QoQ, the bank reduced its ECB... as of Q3 2019 was 14.4 percent, while pro-forma total capital, including the Tier II issue, came to 15.3... strengthen the CET1 and total capital ratio at 15.1 percent and 16.0 percent respectively. Commenting
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesto benefit and to what extent from the measures. Income tax The new tax package makes interventions across... just starting out who will be taxed at a lower introductory rate. The total cost of adjusting... to roughly 40 percent of total declared incomes. Business Also included in the tax package is a reduction
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingfunding makes up the total current sum. QoQ, the bank reduced its ECB funding by 600 million euros... CET1 ratio as of Q4 2019 was 14.8 percent and total capital ratio at 16.8 percent proforma for the bank’s Tier II bond issued in February 2020. Including the 500 million Tier II bond, total capital
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Newsletter 255 -26/06/2020
. Tourism makes up a substantial part of the regional economy in areas like the southern Aegean, which... percent to zero arrivals. In total, arrivals from the EU 27 countries fell by 87.5 percent YoY... showed a decrease of 35 percent to 943,500. In total, arrivals showed a drop of 36.1 percent
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