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Greece as an energy hub: Reality or wishful thinking?
EconomyFeatures, France's Total and Greece's Hellenic Petroleum according to the energy ministry. Reports suggest that Exxonmobil plans to invest 5 billion euros in Greek offshore explorations, and Total another 5... efforts. Since 2007, a total of 10 different energy ministers have passed through the government. Looking
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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomycharacterised by confusion and instability. Between 2001-2015, the report counted a total of 36... of any OECD country, with tax evasion estimated at between 2 to 5 percent of GDP per year according... in Greece . The total tax rate for businesses when insurance contributions are factored in was 44
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingnot been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell...). The target for NPE stock across the rest of the year is for the total to stand at 15.6 billion... activities and capital markets. Net fee and commission income accounted for 45 basis points of total assets
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economyand a coupon that reached 4.3 percent, into 5 new benchmark bonds maturing every five years and coupons... is predominantly structured by official loans that total 272.2 billion euros. Significantly, the result of various swap exercises and debt management measures by the ESM is that 85 percent of total
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingand had a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, (secured... picked up to 44.7 billion at the end of 2018, an increase of 5 percent YoY. Domestic deposits came
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBanking. The total Greek deposit yield stood at 37 bps in Q3, unchanged QoQ, while the loan yield came to 366 bps from 368 bps in Q2. Net fee income rose by 5 percent QoQ to 64 million and increased by 5 percent... Assistance. The total amount currently consists of TLTRO funding from the ECB, with the Bank enjoying
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingfee and commission income increased by 5 percent QoQ to 81 million. In 9M, the figure came to 227... in mid-July 2018, meaning ECB funding makes up the total current sum. QoQ, the bank reduced its ECB... by around 200 million QoQ to 44.9 billion. On an annual basis, domestic deposits increased by 5
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingsecuritisations work of around 7 billion euros is on track, split between two portfolios, Vega valued at 5... funding makes up the total current sum. QoQ, the bank reduced its ECB funding by 600 million euros... CET1 ratio as of Q4 2019 was 14.8 percent and total capital ratio at 16.8 percent proforma
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economyattracted more than 5 billion euros, before closing at 13:45 UK time with total offers of 6 billion euros... and means the Public Debt Management Agency has raised a total of 4.5 billion euros raised this year... to the drawing board. The tumultuous times were reflected on the statistics of yesterday’s issue. Total
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Greece takes first round against Covid-19 but fight continues
Agoraon February 26. Hospitalisations in ICU units peaked at 93 patients on April 5 and all indicators... below 5 percent GDP, with the remainder topped up by private spending by individuals. Spending cuts..., primarily through retirement – in total 10,862 staff left the Health Ministry during the period
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