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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyof 1.5 percent. The ministry is reportedly going to set its estimate for 2015 at 2.3 – 2.5 percent... by Athens and its lenders. Apart from the updated estimates on income tax and single property tax... was estimated at 2.02 billion (1.1 percent of GDP) by the IMF in its fifth review report on June 10
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeof GDP in 2015 incorporated under the assumption that there are no policy changes. This estimate... (privatization proceeds) of 1.5 billion for 2015. Under more positive estimates on the revenue..., the primary surplus for 2015 is estimated at 2.1 billion euros compared to 593 million in 2014. The breakdown
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Newsletter 101 - 23/12/2016
of reforms and privatisation measures. BoG upgraded its macro estimates, which now point to a marginal GDP growth of 0.1 percent in 2016 from a mild recession of 0.3 percent in its previous estimate... estimated that the increased use of plastic money in Q3 2015 explains the increase in VAT revenues by 600
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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomypercent respectively in private consumption. The OECD estimate is less optimistic as it forecasts... to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE). Retail sales are estimated below the 4-billion-euro mark
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesrange is applied on a rolling basis. On the back of those restrictions, we estimate that the eligible... estimates on the correlation between government bond yields, credit ratings and monetary policies... is delayed significantly, the impact on bond yields would be lower than initially estimated and would
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomyconservative estimate of a 1.2 billion increase between Q2 2017 and the end of 2019. Curing is seen as falling by 2.5 billion due to higher sales and loan write-offs. These estimates are driven by BoG... adjusted to 21.1 percent from a previous target of 36.1 percent. Most of the estimated NPE and NPL
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingof potential loan losses. Market analysts had estimated the impact of the new accounting rules in the region of 5.5 to 6 billion euros. Alpha Bank announced that its estimate for the IFRS adoption.... Greek lenders recently announced their estimates for the first-time adoption of the new IFRS 9
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammeis estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2 percent... from the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent
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Newsletter 209 -07/06/2019
also adopted a package of permanent fiscal measures which the European institutions estimate will have...) in the first quarter (Q1) of 2019 after a decline of -0.1 percent seen in Q4 2018, provisional estimates from... have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyin 2020, with a recovery estimate of 5.1 percent in 2021.... quarter (Q2) of 2020 after a revised decrease of 0.7 percent in Q1 2020, provisional estimates from...’s GDP, a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP
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