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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomy. For 2018, revenues stood at 2.64 billion, below the target by 1.22 billion euros. Of the total... of the total PIB expenditure, 3.60 billion came from co-funded sources while 2.64 billion stemmed from... billion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingFinansbank for a total consideration of 2.75 billion euros. The agreement also includes the repayment... by 3.4 billion euros due to the disposal of Finansbank to a total of 12.8 billion euros. NBG said... ratio of 660 bps. In contrast, NBG’s capital base will be hit by 40 bps or 250 million since
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Market value of HFSF's bank holdings plummets by 11 bln in 2014
EconomyBankingliquidation for a total consideration of almost 13.5 billion euros. The bulk of this funding gap... in 2013) with cumulative collections at just 277 million, while the cumulative impairment amounts...) was carried out in the second quarter of 2013 with a capital enhancement of 25.5 billion euros
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyof total arrears. These two gg entities also recorded the highest rise in arrears year to date at 300... budget arrears increased by a modest 9 million MoM to 144 million (3.7 percent of total), while local governments’ arrears remained almost stable at 239 million (6.2 percent of total). In contrast
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economybe required to proceed to capital increases for their total capital needs (i.e. under the baseline scenario... a baseline and an adverse scenario. The capital needs that resulted from that assessment stood... reflects a rise in the non-performing exposure (NPE) by 7 billion. Eurobank showed the lowest capital
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Plans for Hellinikon development set out, emphasis on real estate revenues
EconomyFeaturesrelease. A total of 10,000 homes are being planned for the development for sale across 25 years... square metre. A total of 1 million square metres in residential property will account for 43 percent... of the park space is scheduled for completion, along with over 35 percent of the project's infrastructure
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Quiet summer in Greek-Turkish relations not seen lasting
PoliticsForeign Policy, in the upcoming EU Summit. Libya Libya is another issue that is of major concern to Greek diplomats. Libya’s Prime.... Even though the meeting focused more on Turkey’s economic “return” to Libya for the country’s... from the international community. The political situation in Libya will remain fluid and it is quite
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomy. The outcome of tax audits on high wealth individuals showed collected taxes at 40.5 percent of total... temporary audits correspond to 73.9 percent of total. The full target is set at 65 percent, implying... increase in the cumulative debt reflects payments against ‘old’ debt, which amounted to 852 million so
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Travel balance increases by wide margin in June from last year's tourism collapse
EconomyMacroeconomy. Visitor numbers from these countries were negligible in June 2020. In total, arrivals from the EU 27... year. In total, arrivals showed a drop of 20.4 percent in the first half of the year and came... to 790.7 million euros for the month, increasing by 852 percent year-on-year (YoY). Travel payments
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturesof the year. The government's draft budget report lists a total of 13 privatisations due... extension to the concession for Athens International Airport is completed. The total revenues from... the end of the year, which would take the total to 2.35 billion. Several key privatisations were
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