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BoG reveals number of indebted borrowers, details business NPEs
EconomyMacroeconomyto the latest BoG report with data as of June 2016, denounced loans made up 44.2 percent of NPEs, while... to 103.9 billion, beating the target by 1.3 billion. The NPE ratio edged up to 50.6 percent in Q1, from
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Greece as an energy hub: Reality or wishful thinking?
EconomyFeaturesambitious plans to open up its offshore blocks for hydrocarbon exploration. Interest... with Israel to supply private power plants with up to 23 billion cubic meters of natural gas from
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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) preliminary... revenues edged up 0.6 percent to 18.53 billion euors in the 5-month period, beating target by 443
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Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politicsbillion euros that was initially lined up and had been on offer at the May 22 Eurogroup, which ended... specified as part of the debt relief measures lined up for when Greece completes its programme
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Newsletter 121 - 02/06/2017
be interpreted in two ways. Some see it as a ramping up of pressure on the creditors to tweak the proposal tabled... for February. The turnover of Greece’s retail trade index edged up by 0.3 percent in March, after upwardly
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Coalition defends deal with lenders, opposition exerts pressure
PoliticsGreek PoliticsPrime Minister Alexis Tsipras is expected to step up his efforts to present last Thursday’s Eurogroup agreement in the best possible light, before he leaves for the European Council later in the week... for the need to clear arrears but also to further build up cash buffers to support investor's
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Tsipras tries to keep government's eyes on the prize
PoliticsGreek PoliticsPrime Minister Alexis Tsipras called on his government to step up its work as he completed, ahead of this week’s European Council, a series of meetings designed to issue a positive message... to rest on our laurels,” he said. “We have to step up our efforts.” Corruption The prime minister
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European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammeand ends up at 32 percent in 2060. Scenario C EC examined an even more conservative scenario.... In this scenario, the debt ratio falls at a sharper pace as of 2040 and ends up at 75.4 percent in 2060. Moreover
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Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) final budget... taxes (by 348 million), while direct taxes beat target by 38 million. Specifically, income tax edged up
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyin the previous month.The balance edged up to 13.14 billion. In contrast, deductions in the housing sector..., mostly stemming from mortgages. Specifically, net deductions in the housing lending sector edged up
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