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NBG posts 557 mln profit in Q1
EconomyBankingunder the Gefyria programme, just 7 percent of clients that used the programme are in early arrears... percent QoQ from 314 million in Q4. Net fee income fell 2 percent QoQ to 67 million in Q4 The bank’s... to 16 bps in Q1, led to a improvement of the bank’s blended funding cost to nearly zero in Q1 (2 bps
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PM looking to build on RRF approval to augment profile as moderniser
PoliticsGreek Politicsthat this amount could add a cumulative 7 percentage points to Greek GDP by 2026. The European Commission has indicated that it expects 1 percent of GDP to be added this year, 2 percent next year and 2.5... 2.3 billion in grants and close to 2 billion in loans) to be made in July, with close to 8 billion
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Newsletter 323 - 14/01/2022
was raised by 2 pct on January 1 and the conservatives had promised a second increase at some point... a primary surplus worth over 2 pct of GDP for the period up to 2060. For 2022, after two years of running primary deficits of over 7 pct of GDP due to the pandemic impact and support spending, Greece has
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Newsletter 325 - 28/01/2022
of close to 2 pct of GDP the following year, some serious fiscal effort - as much as 7 billion euros... sector incomes, at 799 million euros; and some reduced VAT rates for a total tax reduction of 2
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomyMinister Christos Staikouras admitted that average inflation in 2022 will range between 1.5 and 2... as fuel prices, also thanks to the heavy tax wedge, are approaching 2 euros per litre in gas stations even... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies
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Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsinvasion. Officials are also alarmed that unleaded fuel prices have risen above 2 euros/litre... is working on macro scenarios that up to 2 percentage points being shaved off the GDP growth of 4.5... assumes a protracted conflict, is 7 pct, Naftemporiki reports. Most of the damage to growth
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Newsletter 332 - 18/03/2022
alarmed that unleaded fuel prices have risen above 2 euros/litre and heating oil has climbed to 1.6... and the inflation impact was already anchored at nearly 7 pct for HICP. In the updated benign... increasing by 50 pct, natural gas prices higher by 100 dollars and a 2 percentage points rise
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Newsletter 379 - 05/05/2023
Greek Solution, while 20 pct are expected to back 2 smaller far-right parties. Just 4 pct say... public spending on health to 7 percent of GDP, and education to 5 percent of GDP. The SYRIZA... growth is more subdued at 2 pct in 2024 and 2025, while investments are expected to grow by 9.7
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Newsletter 389 - 14/07/2023
an exchange of two bonds that matured in 2024 and 2025 worth 1.5 billion euros and 2 billion euros of a new... from the UK and Greece. The 2 billion euros will go towards the reserves that will be used to prepay the GLF loans. When combined with the bond exchange, Greece will have cleared some 7 billion euros
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Newsletter 394 - 22/09/2023
year, to roughly 7 billion euros. Although the oil deficit up to July was over 2 billion euros lower... pct of GDP this year and double above 2 pct of GDP in 2024 Athens is in a tight fiscal framework
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