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NBG strengthens capital at deep discount, falls short of initial target
Agoraeuros to cover its total capital shortfall. This figure is higher than the 2 billion initially suggested by 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
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Economic sentiment and consumer confidence improve in Dec
EconomyMacroeconomyconfidence also improved by 3 points to -61.1 in December. Consumer confidence decreased by around... trends in December. The industry confidence increased for the fourth successive month by 3 points... the year to date fall to almost 32 points The construction indicator also deteriorated by almost 2
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingincreasing its stake to 67 percent. The state will retain a 23 percent stake in OLP and 3 positions... projects until the end of June with the relevant proceeds seen at 3 billion in 2016 above the 2016 budget target of 2 billion.
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyof the annual target of 5.16 billion 2) Transfers to other entities of 37 million (from 60 million) 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
EconomyProgramme(314 million) 2) Increase in the tax rates on income from rents (142 million) 3) Increase in the tax... from annual income of 20,000 euros. The government proposed a month ago that these increase to 3
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Newsletter 67 - 18/03/2016
to the Q4 reading for 2014. The year-on-year decline reflects a rise in the number of employed by 3.... The year-on-year decline reflects a rise in the number of employed by 3 percent. Rise in long-term... to 872,200 in the long-term unemployed figures. 2 'M' is for misstep Chest thumpers strike over
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomy) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... being withdrawn. 2) Adjustment to the single property tax (ENFIA) rates to counterbalance the drop... euros. 3) A levy on hotel stays of 1-5 euros per night, according to the hotel’s category
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Newsletter 71 - 22/04/2016
the institutions that there is no urgent need for the legislation of contingency measures worth more than 3 billion euros on top of the 5.4 billion (3 percent of GDP) agreed with lenders but it appeared to have... by a 13.5 percent decline in capital goods. Manufacturing turnover saw a drop of 15.4 percent. 2
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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... with an objective property value below 140,000 euros. 2) A correction in the legislation on pension reform probably... and this money will now have to be collected from the pensioners. 3) Completion of milestones
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Net profit of 87 mln for NBG in Q1
EconomyBankingpillar II costs, fees fell 3 percent QoQ to 73 million euros, while fee expenses related to pillar II... 2 billion to 20.8 billion in mid-May. The latter is split into ELA funding of 11.2 billion and ECB... II bonds (nominal value) were sharply reduced from their peak of 16 billion in Q3 2015 to 3 billion
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