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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomythe total input on output at 13.4 billion. Macroeconomic projections The OECD foresees that GDP... by 1.7 and 1.9 percent respectively in 2016. However, both are expected to recover by 5.5 and 3.6
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingvalue of Pillar II bonds stood at 15.4 billion, with the highest amount held by Eurobank (5.5 billion... paid to BoG a total of 914.6 million euros in 2015 as interest expense for ELA funding, compared
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Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
EconomyMacroeconomythe EU fell by 5.4 percent, despite an increase in those from the UK by 5.5 percent and a modest growth.... According to the annual economic report of the World Travel and Tourism Council (WTTC), the total
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Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
EconomyBankingdeterioration in the loan portfolio that led to their NPE ratio soaring from 5.5 percent of total
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Industrial turnover continues on upward curve with 20.9 pct rise in Feb
EconomyMacroeconomyturnover rose at a slower pace (+10.6 percent) but makes up just a fraction of the total index... rose by 5.5 percent. Three of the five main industrial groupings recorded a notable rebound
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Industrial turnover up for sixth straight month with 10.7 pct rise in April
EconomyMacroeconomypositive performance of the last few months has pushed the 12-month trailing index up by 5.5 percent... by 50.6 percent in March, but represent a fraction of the total index. Broken down by geographical
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European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammebillion, total programme disbursements of 58.6 billion and implementation of short-term debt relief... billion. Furthermore, market rates are estimated at 5.1 percent in 2019, increasing to 5.5 percent
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Budget primary surplus at 3.54 bln in August, 29 mln off target on tax refunds, low revenues
EconomyMacroeconomypercent and a drop in direct taxes by 11.9 percent. In total, tax revenues missed their monthly target... revenues totalled 30.24 bllion in the eight-month period, below the target by 1.77 billion (-5.5
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Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
EconomyMacroeconomyperiod showed that primary expenditure declined by 5.5 percent to 29.71 billion, representing... million. In total, a 4.7 percent fall in expenditure was noted, coming to 34.58 billion or 1.59 billion
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Review gathers pace as mission chiefs prepare for Athens return
EconomyProgramme. The government paid out 482 million euros in September, taking the total for the year to almost 1.7... reported that Piraeus, National and Alpha plan to sell 5.5 billion euros of NPLs by March. Eurobank
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