Search
-
Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
EconomyMacroeconomytrend in the time deposit rate, the weighted average rate on all new deposits edged down by 4 bps... in the corporate sector in September was recorded in loans for amounts over 1 million euros, where... 250,000 and 1 million euros increased by 23 bps to 5.32 percent. Despite the drop in September
24% -
Newsletter 98 - 02/12/2016
at the end of September, 1 percent above the target of 106.9 billion, while the respective ratio stood... sectors, respectively. Overall, net deductions stood at 3.17 billion in the 10-month period, 4 percent... index edged up 1 percent month-on-month to 71.9 in September and stands close to its mid-2002 level
24% -
HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingbillion, of which 1 billion relates to HFSF participation in the four systemic Greek banks. In specific, the market value of HFSF bank holdings fell by more than 1 billion in the course of the first... of contingent convertible bonds (CoCos) issued by the two banks with their fair value standing at 4 billion
24% -
December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomythat the declining trend largely reflects the fact that 6 million Greeks had to meet tax obligations of 4... was burdened by the imposition of capital controls. Overall, private consumption rose by 1 percent... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions
24% -
General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were
24% -
IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeby 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP
24% -
Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomysupply production also declined by 1 percent. Only two of the five main industrial groupings posted... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November... improved by 2.3 percent mostly reflecting a rise in manufacturing production by 4 percent, while lower
24% -
Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1... above where it was by 2015. The tax wedge stood at 40.2 percent in Greece in 2016, more than 4 pp... by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period
24% -
Newsletter 115 - 21/04/2017
to 2.7 percent, while its medium-term estimate stands at 1 percent for 2022, lower than its previous... of GDP from 2019 onwards. On the debt front, it lowered its estimates for the debt-to-GDP ratio by 2–4... in March, while the Q1 figure plummeted by more than 1 billion to 292 million, from 1.3 billion last year
24% -
ESM approves next bailout tranche, providing Athens with some relief
PoliticsGreek Politicsstatement. It means that Athens can meet its considerable debt repayments this month, including 4... that the second payment would "be made after 1 September 2017 subject to Greece making significant... Panos Kammenos’s intervention in the Noor 1 drug smuggling case and comments made by Finance Ministry
24%