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Govt lays out recovery plan to October, launches tourism roadmap
PoliticsGreek Politics-payment refunds to businesses worth a total 2 billion euros, tax breaks for landlords. Liquidity... is costed at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion... connections. According to the plan, year-round hotels and campsites will open on June 1, followed
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Q1 unemployment at 17.1 pct amid drop in employed, rise in inactives
EconomyMacroeconomythree months or if they receive more than 50 percent of their remuneration. A total of 745,400 people... percent. The number of long-term unemployed (over 1 year) came to 434,900 people, (over 1 year) representing 58.4 percent of the total unemployed. Alarmingly, the largest portion, 178,100 has not worked
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Newsletter 303 - 02/07/2021
, maybe even with a bigger reduction. These measures have a fiscal cost of 2 billion euros, which will lead to the primary surplus estimates seen in the Medium-Term Fiscal Strategy dropping by roughly 1... during the pandemic (the total state backing during 2020 and 2021 is expected to reach more than 40
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicswage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary... last week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... persistence. Another 106 Covid-related deaths were recorded on Tuesday, taking the total toll
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomythe primary balance to a surplus of 1.62 billion euros, or 0.7 pct of GDP, below the goal of 1 pct of GDP and the total deficit to 4.51 billion euros, or 2 pct of GDP. Interest payments are seen 1... of GDP, or 3.58 billion euros, which is improved on the target of 2.2 pct of GDP. The total deficit
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agorawere reviewed, while 11,826 collateral items with a total value of 21.44 billion were investigated. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBanking. The total value is 1.6 billion euros, though sources note that in the second phase, the bank can... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee and commission income fell QoQ by 10 percent (79 million versus 87 million) but rose by 2 percent YoY
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingby 5.6 billion with negative formations of 2.1 billion and write-offs 3.5 billion, around 2 billion... is the outstanding principal. It encompasses 13,000 loans with collateral of 7,900 properties. The total... coming to 10.6 billion. P&L Net interest income (ΝΙΙ) fell by 1 percent QoQ to 274 million. In 9M, NII
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Vital economic legislation lined up as ND seeks compromise over diaspora vote
PoliticsGreek Politicspriorities are on the economic policy front over the coming months: 1) Achieving the fiscal targets, 2... 1 billion euros a few weeks ago, partly as a result of market developments, which saw Greece... it will be clearer if the total amount will be more or less than expected. In his meetings
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