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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomy, the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5 percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300... for loans to sole proprietors eased 3 bps to 7.45 percent. The drop in the corporate lending rates
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyinvolve: 1) Further strengthening of the banking system by addressing the huge stock of non... to be implemented in the public administration mostly involving modernisation and de-politicisation. 3..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent
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CPI falls at a slower pace of 0.5 pct in February
EconomyMacroeconomy, while goods index fell by 1 percent. The drop in February CPI is mainly attributed to a decrease... and services (-3 percent). On the flipside, the biggest price increase was recorded in clothing and footwear... in the clothing and footwear sector (-5 percent), while prices in transport and household equipment also fell 1
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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeanything yet.” This confirms the significant gaps that still exist between the two sides and relate to: 1... to the initial government proposal. 3) The measures to meet the bailout target for pension cost savings of 1 percent of GDP (1.8 billion) this year. Since the institutions rejected the government
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Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
EconomyMacroeconomyon year decline reflects a rise in the number of employed by 3 percent to 3.64 million and a drop... (i.e. those looking for a job who have never worked in the past) fell by 1 pp from the previous quarter to 22.6 percent in Q4 from 23.6 percent in Q3. The number of “long-term” (more than 1 year
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase...: 1) Grants to hospitals (at 156 million corresponding to 9.6 percent of the full-year target of 1.63... of 1.45 billion) 3) Consumption and non-allocated expenditure (at 51 million, only 3.3 percent
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Newsletter 68 - 01/04/2016
government has broadly converged with the institutions on a fiscal gap of 3 percent of GDP (5.4... and indirect taxes, each yielding 1 percent of GDP. On the pension front, on top of measures already... percent. What remains under discussion are the other tax revenue measures yielding 1 percent of GDP
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economythat additional savings of 3 percent of GDP by 2018 are envisaged by the Greek government to reach the primary... stem from the pension reform (1 percent), personal income tax reform (1 percent) and changes in the VAT
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammegovernment and the institutions have almost fully agreed (99 percent) on measures worth 3 percent... reforms each yielding 1 percent of GDP. The key pending issue relates to the tax-free threshold..., the government has not yet officially detailed the third pillar of measures worth 1 percent of GDP, which
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgramme, there appears to be agreement between all sides on the basic package of 3 percent of GDP in spending... and indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1
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