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Greek labour market recorded in 2015 second highest net hirings since 2001
EconomyMacroeconomy. The evolution of the employment balance in the course of 2015 displayed positive readings in the February... peaked at 56,473 in October. The biggest positive contributors to the employment balance in December came from food service (+8,147) followed by employment activities (+1,760) and retail trade (+1,725
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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomybalance of payments as well as quarterly unemployment and turnover indices for the service sectors... and trade balance contribution. In its spring economic forecasts released at the beginning of May..., retaining an overall positive trade balance contribution. EC noted that conclusion of the first
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A market for NPL resolution
Agora(NPE) on their respective balance sheets. This focus is the result of regulatory authorities... burdened by high levels of bad loans on their balance sheets. A unified regulatory approach in the way... is on the recovery potential of the liability side on banks’ balance sheets. In the Greek case, the single largest
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Newsletter 128 - 21/07/2017
as possible and urged further reforms in the product and service markets. The Fund also suggested... private sector deposits. 2 Primary cash balance records 434 mln deficit Expenditure rose to 4.08 billion... million to 3.40 billion in June. The central government primary cash balance turned to a deficit
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New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
EconomyMacroeconomybalance in the following month. Although new tax showed an increase, the total for legacy tax arrears... currently service their debts without any extra measures required for them to do so. Overall... of around 2.5 percent of the overdue tax balance as at the start of the year. On the other end
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IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
EconomyProgrammeit will be on a declining path, unemployment remains high and the public and private balance sheets remain impaired... of the balance sheets of banks and further reforms in the products and labour markets will lead..., the country still lags its peers in liberalising most service professions and scores lower in overall
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Newsletter 318 - 26/11/2021
” and “without endangering the fiscal balance”. The latest package comes on top of almost 680 million euros... that the government is only interested in paying lip service to concepts such as transparency... the primary balance reaching 2.2 pct of GDP in 2024, and to remain at that level until 2060. Nominal GDP
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Newsletter 358 - 11/11/2022
Intelligence Service (EYP), and that those directly responsible had been removed from their positions. He... rates and the primary balance. Given that over such a long forecast horizon it is hard to have high... by recent yield fluctuations, the primary balance is the one area within Greece’s control. Aside
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankinginto an exclusive contract to service the Bank’s existing 27 billion euros NPE portfolio, together with any... of creating an SPV for the faster disposal of NPLs from their balance sheets. In their own Q1 results... Recovery Banking Unit platform will be transferred to a new servicer company. Eighty percent of the new
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Current account shows deficit of 874.5 mln in July as travel receipts disappoint
EconomyMacroeconomya significant deterioration in the services balance, which was partly offset by the improved balance... to 1.60 billion euros, declining by 20.6 percent year-on-year (YoY). The services balance continued...Greece’s current account (C/A) balance posted a deficit of 874.5 million euros in July compared
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