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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... figures showed sight and savings recorded inflows of 1 billion each. On the flipside, there were... billion. These figures correspond to 5–7 percent of the year-end 2014 balances of 160.29 billion. Banking
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesand Chinese steel imports to curb the effect of cheap steel on European prices.[1] The fallout from... rival steel markets in Italy and Spain had seen their exports rise.[7] The ENXE said at that time... blamed on price volatility of raw commodities. [1] https://www.ft.com
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking-on-quarter (QoQ), this represents a decline of 7 percent. For the first half (H1) of the year, net... quarter, falling by 1.4 billion euros QoQ. This was driven by sales of NPE portfolios totalling 1.... The negative formation in Q2 came to 1.36 billion euros, which includes 1 billion euros from the ‘Mirror
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Newsletter 224 -18/10/2019
fiscal gap, from around 1 billion euros originally, to zero were fruitful. It appears... balance turning to a small deficit of 0.3 percent this year, which accelerates to 1 percent next year... closed on October 7 and is expected to add extra revenue to state coffers. The deadline
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingand the tightening of sovereign bond yields. The movement in Q3 originates from negative formation of 1 billion... at under 1 billion by 2022. Regarding NPL sales, the bank highlighted upcoming sales expected to take place...) fell by 3 percent QoQ to 300 million. In the 9M period, NII rose by 7 percent, which
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Govt lays out recovery plan to October, launches tourism roadmap
PoliticsGreek Politicsis costed at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion... to businesses will provided through a range of schemes, including 7 billion euros of loans backed... connections. According to the plan, year-round hotels and campsites will open on June 1, followed
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Newsletter 251 -22/05/2020
and guarantees, of which 7 billion have already been spent. The main tool for supporting employment... will be provided through a range of schemes, including 7 billion euros of loans backed by the Hellenic Development... to the plan, year-round hotels and campsites will open on June 1, followed by summer season hotels
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingin the first half of 2019 stood at around 8 billion euros and catering came to around 1 billion euros... at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion have already been spent. Liquidity to businesses will be provided through a range of schemes, including 7 billion
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School re-opening decisions postponed amid opposition criticism
PoliticsGreek Politicson September 1, while the start of the school year is still scheduled for September 7, however... for schools reopening, which had provisionally been set for September 7. In her announcement...” if the circumstances are not right. The final decision on the date has been postponed to September 1. Kerameus appealed
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Newsletter 375 - 24/03/2023
was elected on July 7 in 2019 so the last Sunday that elections could be held before its time in office... on the issuance of 7 billion euros in new bonds, excluding a possible green bond. Some 4.2 billion euros... a yield of less than 1 pct, at 0.87 pct. The offers had exceeded 29 billion euros. With some
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