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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time... to date reduction stands at 30 bps, while the current rate is half the record high of 5 percent posted... deposit rate is gradually falling, it remains more than 100 bps above the respective euro-area average
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New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
EconomyMacroeconomyat 2.51 billion euros compared to 2.04 billion in February. The VAT collectability rate rose to 91.5... from 1.10 billion in the previous month. On an aggregate basis, in Q1 the VAT collectability rate came... The collectability rate for the month edged down to 58.2 percent from 60.4 percent in February. For the first
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingHoldings, a company owned by Tourism Enterprises of Messinia (controlled by the Konstantakopoulos family) and D-Marine Investment Holding. The latter is based in Amsterdam and operates as a subsidiary... Bank Cyprus (PBC), to Holding M. Sehnaoui for a consideration of 3.2 million. The transaction
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Newsletter 395 - 29/09/2023
participation to almost full ownership at 98.6 pct holding. As HFSF opted to sit out the subsequent capital increases, its share was substantially diluted, essentially losing its entire holding... in the share capital of Eurobank, setting in motion its plan to dispose of its holdings in the four
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State braces for losses as bank divestment plan is put into action
EconomyBankingof state capital, which pushed up state participation to almost full ownership at 98.6 pct holding. As HFSF... losing its entire holding in Eurobank, and its stake fell from 95.23 pct in the end of 2013... of its holdings in the four systemic banks, bringing to a close a long period of state involvement
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Newsletter 42 - 11/09/2015
and 1.3 percent in 2016, turning to a strong growth rate of 2.7 percent in 2017. These are in line... seasonally adjusted unemployment rate edged up to 25.2 percent in June from 25 percent in May... jobless rate is attributed to the number of employed falling. The June headline figure is the second
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Greek Pharmaceuticals: The little pill with big potential
EconomyFeatures, since 2011 to 2014 the Greek rate of death in absolute terms has consistently overtaken the birth rate. In 2012, the birth rate fell below 100,000 a year for the first time since ELSTAT’s records began...-cutting exercise. According to IMS Health Holdings Inc, who track drug consumption, generic drugs have
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PDMA sets 2020 goals to build on improving conditions for debt
Economy, substantially limiting interest rate risks in the debt markets. With the average maturity of Greece’s debt at 21... percent from 2024 onwards, inflation at 2 percent, an average effective rate on the debt at 3.4... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyAfter remaining stable for the past five months, the interest rate on households’ new time deposits... and remained well above the euro area average, according to the Bank of Greece (BoG). This rate had... the sharp drop in 2013, the interest rate in Greek new time deposits remains persistently above
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgramme. VAT On VAT, the draft bill sets the new basic rate at 23 percent. For pharmaceuticals, books and theatre a super-reduced rate of 6 percent (from 6.5 percent) is applied, while basic food, energy, hotels and water (excluding sewage) there will be a reduced rate of 13 percent. Products and services
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