Search
-
Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammebanks to the Hellenic Financial Stability Facility (HFSF) in 2012 and 310 million from its cash reserves...The Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two... million from the Manpower Employment Organisation (OAED). The second important funding obligation
14% -
Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingbps to more than 310 bps in 2020. It also sees the cost to income ratio falling below 45 percent...) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost... for the whole year. Balance Sheet Eurosystem funding fell by 5.4 billion QoQ to 15.5 billion in Q1
14% -
Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomydeposits includes gg and other euro area residents’ inflows of 428 and 310 million respectively.... Meanwhile, the reliance of Greek banks on Eurosystem funding notably dropped by 8.57 billion euros to 87.14 billion in June, reflecting of a sharp fall in ELA funding by 10.44 billion, while ECB
14% -
Greeks tending to shop less often and opt for local products
Society, down from almost 310 euros per month in the previous survey conducted based on 2015 data. Around 60... consumers are making their shopping choices. According to the findings based on data from surveys
14% -
NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million... with a cost of risk at 140 bps. Eurosystem funding remained at 2.3 billion in Q2, unchanged QoQ... consists of TLTRO funding from the ECB, with the Bank enjoying a large liquidity buffer. Interbank
14% -
Why Greece is asking for 1.2 bln back from the EFSF
AgoraI bonds), which for legal purposes was received by the HFSF as a fee. b) 310 million (90 percent of the remaining cash of 345 million) to cover short-term funding needs primarily through purchases... and 15 billion to cover the funding gap and recapitalisation of non-core banks. Thus, subtracting
14% -
Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
Economyto beat targets by 310 million, yet at a slower pace compared to the previous months. The year... in the 4-month period to 6.09 billion. That said, several social security items such as social funding
14% -
SYRIZA calls for vote of no confidence, as PM's apology over storm chaos fails to chime
PoliticsGreek Politicslead for ND, however this is the most adverse finding for SYRIZA in some time, prompting the party...’ Protection and Interior. Earlier this week, the party joked in an announcement that dismissing all... with the government’s account that private sector highway managers were chiefly to blame. The findings
14% -
Macroeconomic fundamentals for Greece
Agoragrowth rebound after the Corona pandemic. As Table 2 demonstrates, because of unusual shocks...), this would yield a structural nominal GDP growth rate of around 2.5 percent a year. The unusual cycle... limitations become binding. Now that we have a view on structural unemployment and the size of the labor force
14% -
Newsletter 428 - 21/06/2024
: Development, Migration, Interior, Labour and Agricultural Development. The new head of the Development Ministry is Takis Theodorikakos, who has previously served as Interior Minister. Kostas Tsiaras... is being moved from the Interior Ministry to the Labour Ministry, where she is replacing one of the few
14%