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The targets and deadlines in Greece's privatisation programme
EconomyProgrammeon August 19 envisages an ambitious privatiaation programme with total proceeds estimated at 6.4... for 2015, 3.7 billion for 2016 and 1.3 billion for 2017. A similar total figure of 6.2 billion by 2018... involve: 1) Regional airports divided into two clusters of 7 airports each. The tender was awarded
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Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomyis up by almost 1 billion euros, also including the quarterly VAT payment. Total ENFIA revenues... is that due to the delay in the payment of the next sub-tranche of 2 billion, the state resumed deferring non.... Overall, total expenditure declined by 4.8 percent in 10-month period to 37.73 billion, significantly
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Gov't offers improved terms to farmers in bid to break deadlock
Economywere: 1) The farmers’ pension fund (OGA) will remain independent for a 5-year transition period... pension funds (including OGA) into one. 2) Gradual phase-in of social security contributions from... and medium agricultural producers so the total tax and social security contributions will be lower than
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammeestimated up to 3.7 billion (2 percent of GDP). Another issue relates to the pending pensions, i.e.... Center for Social Security Services (IDIKA) for July showed a total number of 2.66 million pensioners received a total monthly amount of 2.38 billion. Those pensioners received 4.56 million pensions
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingon the restructuring of large corporate NPEs. The action plan is comprised of five key pillars: 1) The analysis... and lenders). 2) Planning of a coordination framework among banks with the aim to provide the guidelines... each. The aggregate figures for this sample shows total loans of 36.2 billion euros, of which 19.9
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Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
EconomyProgrammeof the total set of milestones will unlock the disbursement of 10.3 billion euros in two tranches.... The Greek Finance Ministry said that from the total disbursement amount one third (3.5 billion.... This means that the 6.8 billion, from total amount of 10.3 billion, that is earmarked for debt servicing
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agora, while Alpha and Piraeus recorded relatively modest net losses of 2 and 37 million respectively... improve NII to a total (waiver and haircut) benefit of around 100 million euros per annum. Our analysis shows that under a best-case scenario, assuming that Greek banks participate at their total
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Industrial production down 0.3 pct in Aug for first fall since Mar
EconomyMacroeconomya decline in electricity production by 4.6 percent that makes up almost 21 percent of the total... of the total index with 70 percent, increased by 2.1 percent, while water supply production edged up 1.2 percent having only marginal impact with just 3 percent weight on the total. Three of the five
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomyand achieving a realistic adjustment of fiscal targets (beyond 2018 to 2 percent of GDP), changes... stabilized at 45.2 percent of total exposures at the end of September. As we noted, BoG published... that are “unlikely to pay” account for 27.5 percent of total, while denounced loans (legal process underway) make up
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Newsletter 128 - 21/07/2017
, the IMF sees a growth rate of no more than 1 percent, due to the negative impact of an ageing... of the total index. The breakdown revealed that the industrial turnover in the non-domestic market rose... private sector deposits. 2 Primary cash balance records 434 mln deficit Expenditure rose to 4.08 billion
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