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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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How Greek banks were left on the brink
Agorapercent relates to corporates and just 20 percent to households. In addition, around 5 billion euros (20 percent of household and corporate outflows until March) were placed, mainly from households... loss reserves - LLRs) against credit risk rose by more than 1 billion euros in the course of Q1
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammethat they will be effective from July 20. The new VAT law also abolished the 30 percent discount on VAT rates applied to islands starting from October 1 for islands with higher incomes, which are also the most popular destinations, to be extended to the other islands as of Jun 1, 2016. This would result
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Newsletter 36 - 24/07/2015
that the recapitalisation of Greek banks will be concluded well ahead of 1 January 2016, when the bail-in tool... – either individually or in combination. These tools involve: 1) splitting bank operations that can... for an in-depth discussion on the following issues: 1) the impact on banks’ fundamentals from the imposition
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