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Card transactions in Greece experience boost due to capital controls
EconomyBanking. In 2014, the last year before capital controls were enforced, total card transactions in Greece came... million. Out of the total, the biggest growth was seen in debit card usage, where transactions went.... In terms of transaction value, a total of 6.1 billion euros worth of card transactions were carried out
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Newsletter 218 -06/09/2019
consumption represents the majority of GDP, making up around 89 percent of the total figure in Q2... represents around 21 percent of the total. In its Medium Term Fiscal Strategy (MTFS) for 2020-2023... dropped by 5.5 percent versus Q1. Final consumption expenditure increased by 0.7 percent compared to Q1
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Newsletter 326 - 28/01/2022
, exceeding the 30 pct total New Democracy had promised before coming to power. He said that the latest cut means that eight in 10 owners will pay less ENFIA. However, 6 pct will pay more. The total amount saved would reach 350 million this year, said the PM. The total reduction to ENFIA since ND
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomymillion to 5.22 billion. Social benefits of 35.45 billion euros accounted for 51.7 percent of total expenditure, followed by compensation at 14.34 billion making up around 21 percent of the total figure... billion at the end of November, making up 42.4 percent of the total. They were followed by tax
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomythan half of total expenditure, while compensation of 3.89 billion accounts for 21.5 of the total... billion euros, making up 45.5 percent of total. They were followed by tax refunds of 1.12 billion (22.2.... As a result, EFSF/ESM/IMF loans stood at 225.48 billion making up 69.1 percent of total debt
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Newsletter 134
included in the MTFS, which was only submitted in mid-May. Total revenues have been downward revised from the MTFS figure by over 500 million, from 52.73 billion to 52.22 billion euros. This total figure is even lower than in 2016, when it landed at 52.34 billion. In the draft budget, the total revenue
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Greek banks' NPL selloff gathers speed
EconomyBankingfor the disposal of a Portfolio of Retail Unsecured Non-Performing Loans. The total outstanding aggregate balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros... at 90 million or approximately 4.5 percent of the total outstanding principal amount. The servicing
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomyfor a job. In addition, only 111,789 or 11.5 percent of total registered receive the monthly 360-euro.... The number of unemployed slipped by 12,200 MoM and landed at 1.28 million in July. Since 2009, the jobless... and 45-54) posted a much lower drop YoY and landed at 35.4, 22.3 and 20.4 percent respectively
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Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
EconomyVAT Total Tax Liability (VTTL). The report showed that the VAT gap in the EU stood at 159.5 billion... of VTTL landed at 14.1 percent in 2014, marking its first decrease since 2011. The Greek ratio fell from... euros and landed at 17.6 billion in 2014. As a result, the VAT gap narrowed by 1.42 billion to 4.93
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Eurosystem funding falls by another 4.4 bln in August
EconomyMacroeconomybroadly stable. ELA funding accounted for 62.3 percent of total central bank funding, while ECB... of Greece's (BoG) monthly financial statement displayed on Wednesday. Central bank funding landed... is the highest monthly drop since the upswing initiated in December 2014. The absolute figure landed
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