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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomycards) declined by 11 bps to 14.48 percent, while the housing loan rate also fell by 6 bps to 2.69..., the interest rate for loans to sole proprietors slipped 3 bps to 7.32 percent. Overall, the weighted average rate on new loans slightly increased by 3 bps to 4.87 percent in June after a marginal drop
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Newsletter 95 - 11/11/2016
to surge 13.7 percent, while exports and imports are predicted to increase 3.6 and 3 percent... production by 2.2 percent, while electricity, water supply and mining and quarrying production fell by 2.8, 3... was posted by mining and quarrying production, but it accounts for only 6 percent of the index
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeof the special tax for sea-farers. 3) Implementation of measures for a reduction in the spending...-discretionary spending 6) Additional permanent measures to be specified The draft sMoU notes... the use of the attrition rule starting from 1:5 in 2016 to 1:4 in 2017 and 1:3 in 2018.
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SYRIZA backlash following Kammenos trip to islands
PoliticsGreek Politicselections and SYRIZA 20.5. Golden Dawn is in third on 7 percent, followed by PASOK on 6, KKE on 5.5 and Zoe Konstantopoulou’s Sailing for Freedom on 3. None of the other parties made the 3 percent
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Newsletter 99 - 09/12/2016
on 6, KKE on 5.5 and Zoe Konstantopoulou’s Sailing for Freedom on 3. None of the other parties made the 3 percent threshold for Parliament. Last week, a University of Macedonia poll for Skai TV
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammeor two children respectively. It remained unchanged for families with more than 3 children..., more than 3 million of wage-earners and pensioners declared annual income below the current tax... from 24 to 13 percent and in energy from 13 to 6 percent.
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomydue to a sharp drop in services by 7.4 percent that more than offset a rise in goods by 3 percent... after a short-lived decrease of 2.8 percent in Q3. They also rose by 3 percent YoY decelerating from the 13.8 percent growth rate posted in Q3. In particular, imports of goods increased by 6 percent
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingin Q4 largely due to a rise in operating expenses, while the full-year figure also dropped by 3... to 1.32 billion, while excluding one-off expenses costs were down 3 percent on a recurring basis... its interbank funding through EFSF bond repos increased by 800 million QoQ to 6 billion at the end
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Newsletter 138
to 5.34 billion in the first nine months of 2017, up marginally (by 3 million euros) compared... outstanding single property tax (ENFIA) payments have been settled and employees paid up to 6 months... fuel, which fell by 3 percent. The seasonally adjusted (SA) retail sales index declined by 2.3
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingquarters in which NPE formation has declined. The bank reported that YoY, NPEs have been reduced by 3... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee.... Operating expenses fell by 6 percent YoY, excluding the extraordinary cost associated with the 2018
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