Search
-
Newsletter 138
to 5.34 billion in the first nine months of 2017, up marginally (by 3 million euros) compared... fuel, which fell by 3 percent. The seasonally adjusted (SA) retail sales index declined by 2.3... improved by 1 point, services confidence has risen by 17.6 points, retail trade has deteriorated
12% -
Greek banks' NPL selloff gathers speed
EconomyBankingto Sweden’s Intrum. Intrum offered 3 cents on the euro of loan principal sold, which translated into 45.... The National Bank of Greece (NBG) is proceeding with the sale of an NPL portfolio totalling 3... another package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which
12% -
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingwas -66 million, followed by small businesses (-64 million) and consumer loans (-3 million..., and fell by an additional 2.1 billion to 3 billion in August 2018. Management noted that deposits... billion in March, and to 1.8 billion in August. Capital The phased-in Common Equity Tier 1 (CET1) ratio
12% -
Coalition hopeful on pensions, looks to maximise impact of limited relief measures
PoliticsGreek Politicsto be implemented in just 2019 and 2020, balancing for the 1 percent of GDP in reduced pension spending... the green light. Until now, the December 3 Eurogroup was seen as the most likely meeting at which Athens... government more than one on December 3 as the final version of the budget has to be submitted
12% -
Newsletter 181 -2/11/2018
being taken by eurozone finance ministers at the Eurogroup due to take place on December 3... of Article 3 of the constitution, relating to the relationship between the church and the state... for the contributions to be reduced by a third. They will fall from 20 percent to 13.3 percent as of January 1
12% -
Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesthat for every 1 euro created by tourism activity, an additional 1.50 euros is indirectly generated... shortening. Total revenues per tourist arrivals have been dropping by 3 percent each year, implying.... The total rooms advertised for sale represent 3 percent of hotel capacity. As of June 2018
12% -
Newsletter 191 -25/01/2018
to 3 percent last week, have apparently swayed things. Reports suggest that the PDMA will be aiming to raise anywhere between 1.5 and 3 billion euros at a yield of 3.5 to 3.75 percent, helping Athens... aged 66-70 (16 percent) and those aged 76-80 (15.2 percent). Slightly over 1 percent of pensioners
12% -
Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Economy-‘. Greece’s debt is 3 notches away from investment grade for Fitch and four notches for the other... Katseli law) are ongoing. Continued delay could put the euro area's promised transfer of close to 1... in the coming years at around 3 percent of GDP. The debt relief package agreed last summer combined
12% -
Athens gearing up for new bond issue amid favourable market conditions
EconomyProgramme, which also led to the activation of almost 1 billion euros in debt relief measures, has paved the way... loans to Greece are expensive. “Especially for one part, 3 to 4 billion euros, the interest rate... suggesting that a move could be made as early as this week. The options of a 3- or 7-year issue worth 2
12% -
Newsletter 202 -12/04/2019
in the local media suggesting that a move could be made as early as this week. The options of a 3... goal of 3.5 percent of GDP is seen being reached all the way to 2022, dropping to 3 and 2.8 percent... on November 1. According to the agency’s plans, 120 inspectors will be tasked with going after debts
12%