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From a tsunami of debt to some sense of normality
AgoraManagement Agency (PDMA) had a provisional goal of issuing a total of just 7 billion euros of new debt... repayments of roughly 2 billion over the next three years. Greek government bonds after the PSI.... Halfway through the year, the PDMA has achieved its goal. It has issued three bonds of 5-, 7
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingvalue of 40 billion, banks have around 24 billion euros in provisions. DTCs total around 7 billion... minus provisions of 24 billion euros. At the same time, the SPV will receive 7 billion euros...-performing residential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has
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Travel balance rises 15.7 pct in June, aggregate visitors drop 0.5 pct
EconomyMacroeconomyto 7 percent in 2019. The study noted that based on scheduled flight seats booked for 2019 in 18 regional airports which accounted for 79 percent of tourism revenue in 2018, a drop of 7 percent..., international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4 percent
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankinga fall of 7 percent YoY. The cost-to-income ratio stood at 53 percent on a recurring basis for H1... fell by 7 percent YoY to stand at 408 million euros in H1. Alpha Bank’s net fee and commission.... Piraeus Bank’s NIII rose by 2 percent to 719 million, while Eurobank’s figure dropped by 3.6
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Turnover in tourism rises by 12.9 pct in Q2
EconomyMacroeconomyby air rose by 2 percent. In the aggregate period, arrivals rose by 4.4 percent year-on-year. Early in 2019, the INSETE noted that tourist arrivals could drop by up to 7 percent in 2019. The study... for 79 percent of tourism revenue in 2018, a drop of 7 percent in international arrivals can be expected
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Govt lays out recovery plan to October, launches tourism roadmap
PoliticsGreek Politicsis costed at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion...-payment refunds to businesses worth a total 2 billion euros, tax breaks for landlords. Liquidity to businesses will provided through a range of schemes, including 7 billion euros of loans backed
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Gloomy preliminary results for Aegean as state support talk gathers pace
EconomyFeaturesof 56 percent YoY in March. This fully overtook a rise of 11 percent and 7 percent in January... the inclusion of Ryanair. France’s government has pledged 7 billion euros in aid for Air France, while the Dutch government said its aid would range between 2 to 4 billion euros for state airline, KLM
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Apartment prices rise by 6.9 pct in Q1
EconomyMacroeconomyin 2019, against an increase of 2 in 2018. Apartments over 5 years old saw prices increase by 7 in 2019... on revised data, apartment prices increased on average by 10.4 percent in Athens, 7 percent
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PM wants no strings attached to EU funds as ND juggles with public finances
PoliticsGreek Politicsbillion euros even though just 7 billion is available. On Friday, Mitsotakis announced a new package of 3.5 billion euros, with a direct fiscal impact of 2 billion, taking the total to date to 14-15... the deficit at 7 pct of GDP, or close to 15 billion euros, which will be covered by a rise in debt
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Newsletter 261 -07/08/2020
with a rise of 94 million euros. This was followed by tax refunds (+78 million each) and SSFs (+7 million). Declines were seen in local governments (-8 million), state budget (-7 million) and extrabudgetary... non-gg (5.89 billion) and gg (3.97 billion) entities. 2 Unemployment rate jumps to 17 pct in May
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