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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomyeuros, bringing the total figure to 131 million euros. The equivalent figure for the same time last..., where the total came to 189 million compared to 193 million last year. An increase was noted in extrabudgetary funds where the total rose by 335 million euros YoY and came to 1.57 billion euros
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Newsletter 52 - 20/11/2015
passed the omnibus bill containing the last set of prior actions to unlock the next sub-tranche of 2... into the Unified Auxiliary Insurance Fund (ETEA). The first set of new pension measures would reportedly target... or included in the second set of prior actions. Harder and more painful, the second set of measures
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Greek tourism's long-term growth prospects are good, report shows
EconomyMacroeconomypercent of GDP. The report shows that the total contribution of travel and tourism to GDP, including... was ranked 26th in terms of direct tourism revenues and 29th in terms of total contribution worldwide..., with Greece ranking 102nd and 110th for the direct and total contribution respectively. The money spent
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Greek banks' NPL selloff gathers speed
EconomyBankingto Sweden’s Intrum. Intrum offered 3 cents on the euro of loan principal sold, which translated into 45... for the disposal of a Portfolio of Retail Unsecured Non-Performing Loans. The total outstanding aggregate balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingfrom 81 percent previously. Under new guidelines submitted by the bank, the total stock of NPEs... a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, which deals
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Why did Greece return to bond markets now? Was it the right decision?
Economyargue. We have set out four key questions about the bond, issued under English law, that should help... stocks. At the same time, the yield of the 3- and 6-month T-Bills in March and April auctions dropped... on the secondary market in the near future. 3) Can the bond sale be considered a success? The final
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammelevy rate was set at 6 percent. The institutions are also asking the government to adopt legislation... studies. 3) Abolition of tax breaks for farmers, including the reduction by 50 percent of the subsidy... in the national health system (ESY). Media reports also indicate that recession may reach 3 percent this year
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Investment: The forgotten casualty of the Greek crisis
Agoraby housing at 25.2 billion euros, which represented more than 41 percent of the total. At 8.9 billion euros, other construction was just shy of 15 percent of the total, with the combined construction-related investment reaching a total that exceeded 34 billion, dominating the investment space with 56
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Newsletter 161 -11/05/2018
to the Finance Ministry to set the new ENFIA rates, with the aim of targeting 3.1 billion euros... by the end of the programme on August 20. The total figure still outstanding at the end of March was 3.4..., -2.1 percent next year and marginally grow by 0.2 percent in 2020, a total deviation assumption of 10
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Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?
EconomyFeaturesare conducted virtually, on the electronic platform that has been set up for that purpose... for 106 lots, while 75 individuals were named against a total of 177 lots. On 28 March, there was a similar split. Out of the total 240 lots, 43 businesses accounted for 92 lots, while 75 individuals
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