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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economy. The key changes relate to: 1) Total consumption, lowered by 4 billion to 160.39 billion 2) Change in inventories, increased by 2.88 billion 3) Lower exports and imports by 986 and 695 million... ranging from 0.1 percent for 2010 up to 1.5 percent, or 3 billion, for 2012. As a result of those
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Newsletter 47 - 16/10/2015
forecasts point to a recession of 1 to 1.5 percent for this year and 1.3 to 1.8 percent for next year... expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3 percent. In its latest Greece... at 173.74 billion for 2015, down 3 percent from the 2014 unadjusted figure. Applying the same drop rate
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Growing hopes that Greek recession will be milder than expected
Economy, though, that the bank expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3... presented this week its updated forecasts calling for a GDP contraction of 1 percent this year from 2... billion for 2015, down 3 percent from the 2014 unadjusted figure. Applying the same drop rate
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NBG strengthens capital at deep discount, falls short of initial target
Agoraby the management on November 3 when it presented its capital plan. This largely reflects the lower... noted on November 3 that part of the proceeds from the sale of its entire stake (100 percent...) and Eurobank (52.4 percent) announced earlier this week. The bank will also proceed with a reverse split (1
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Newsletter 63 - 19/02/2016
(May 1). Regarding pension reform, signs of a potential compromise on the domestic front emerged..., Eurobank is due to publish results on March 2, followed by Alpha and Piraeus on March 3 and 9... 3 billion euros in aid over two years rather than one, bargains with the EU, Greece seems little
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyexpenditure largely reflects proportionally lower costs for: 1) Operational and other expenditure of 100...) corresponding to 2.9 percent of the full year target of 1.26 billion 3) Conditional expenditure of only 58.... Overall, expenditure fell 5.3 percent to 3 billion, 469 million lower than target. PIB The remarkable
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammefrom annual income of 20,000 euros. The government proposed a month ago that these increase to 3... euros (4.3 percent of GDP) from the following interventions: 1) Increase in the solidarity levy rates (314 million) 2) Increase in the tax rates on income from rents (142 million) 3) Increase in the tax
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Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
EconomyProgramme. The first instalment, amounting to 7.5 billion, is due in June after the implementation of 3 outstanding... of 7.5 billion in the next few weeks. These prior actions involve: 1) A correction... and this money will now have to be collected from the pensioners. 3) Completion of milestones
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Newsletter 75 - 27/05/2016
programme review. The bill included parametric fiscal measures yielding 1 percent of GDP by 2018, opened... as a way of partly negating the recessionary impact of the 3 percent in GDP of austerity measures... just passed a package of legislation that any administration in Europe would have balked at: 3 percent
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomy. The expenditure breakdown showed salaries and pensions dropped 1.4 percent in April and 3 percent... are proportionally in line with the annual target, while the recorded underspend mainly stems from: 1... target of 1.45 billion) 3) Consumption and non-allocated expenditure (at 235 million, at 15 percent
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