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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingof 7.1 billion. The 7.6-bln-euro drop during the first quarter of 2020 was mostly driven by Eurobank... from the scheme will be borne by banks, not the Greek taxpayer, up to the point of minimum capital... be an opportunity to change the country’s economic model and transform the business model of credit
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Newsletter 439 - 01/11/2024
intent was to proceed with gradual and fiscally sustainable tax cuts for the rest of its term up... remains ahead of the pack with 27.6 pct of voting intentions, ahead of PASOK, which has now edged up... a particular model of having attracted global technology companies and high value-added sectors like
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economy, the Commission expects the economy to be hit badly by the pandemic, leading to a severe drop of 9.7 pct... pct in 2020 and to rebound by 17.9 pct in 2021. Imports will drop by 18 pct this year and grow.... Private consumption is forecast to drop by 9 pct in 2020 and recover by 7.9 pct in 2021. Government
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Import price rise slows to 32.8 pct in June, index posts first MoM drop since Nov
EconomyMacroeconomyinflation started increasing last spring. Month-on-month, the index posted its first drop since November... rises of 142.4 percent YoY, followed by manufacture of refined oil products up by 109 percent... respectively. The monthly movements were led by an 8.8 percent drop in electricity and gas supply, while
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The first cut is the deepest? Greek pension reforms in context
EconomyFeatureslegibility, and several talking heads are lined up in a panel to argue vociferously and incoherently... structural reforms obscure to a public paralysed by fear and uncertainty. This feature picks up where... dominated by public pension funds, plateaued in 2009, and registered a sharp drop in 2013 as a result
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Newsletter 466 - 13/06/2025
pct. Exports of goods were up by 1.7 pct annually, while services exports contracted by 0.2 pct YoY... moved, recording a minor rise of 0.04 pct, with private spending up by 1.3 pct, however, investment... by 3.2 pct and it was only inventory building by companies that almost tripped annually that pushed up
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Newsletter 391 - 01/09/2023
by an annual drop of 19.5 pct in automotive fuel. Retail sales of food and beverages were up by 10.2... on fire detection equipment. Mitsotakis also confirmed that he would be looking at a new model... this, is the sizeable cash buffer that Greece started building up towards the end of its last adjustment
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Fall in apartment prices slows to 0.3 pct in Q4 2017, 1 pct average drop for year
EconomyMacroeconomyThe drop in the nominal value of apartments in Greece came to 0.3 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, slowing from a drop of 0.6 percent in Q3 2017, Bank of Greece (BoG... percent in Q4. Properties up to five years old saw also saw price falls at the same rate . Properties
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Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
EconomyMacroeconomyAuthority (ELSTAT) data released on Friday. In January 2021, the year-on-year change was a drop of 27.8 percent. Car sales in January came to 14,044 compared to 15,983 last year, a drop of 12.1 percent... was made up of lorries (1,998) and buses (69). Motorcycle sales increased by 19.1 percent from a year
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyreflects a drop in revenues by 10.1 percent to 21.72 billion euros, outweighing a cut in expenditure... up 43.5 percent of the overall arrears stock. Hospital arrears increased by 618 million YtD to 1.23... contributor to total stock with its balances landing at 809 million at the end of August making up
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