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NBG reports profits of 833 mln in 2021
EconomyBankingare in default, at 3 billion euros. The bank’s guidance for 2022 is 1.8 billion euros of NPEs and a ratio of 6... euros. Operating expenses in 2021 were limited to 783 million euros, a 6 pct drop YoY. Balance Sheet... the minimum regulatory levels by more than 6 percentage points. When completed, the Frontier securitisation
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros... million lower the target. Property tax revenues amounted to 2.09 billion, 6 million below the target..., below the target by 899 million. PIB expenditure came to 6 billion euros, above target by 507
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Newsletter 410 - 02/02/2024
consumption tax on fuel for farming and reducing the relevant VAT rate from 24 to 6 pct. Although Greek... comes from consumer confidence, which was down by 6 points. Retail trade also recorded a sharp drop... goods continued to record rises, increasing by 6 pct. Goods sold domestically were down by 7.4 pct
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Parliament starts debating censure motion as poll captures falling support for government
PoliticsGreek Politics), 26 from SYRIZA, 11 from New Left, 6 from Course for Freedom, 6 from Movement for Democracy... and SYRIZA from 6.4 pct to 6 pct. At the same time, Greek Solution has picked up 1.3 points to rise
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Young Greeks more likely to swap items and buy second hand
Society” bought second hand goods during the last 12 months, mostly cars, clothes and electrical items. However, 69 percent of respondents said they had donated or swapped used items during the last 12 months... percent of Greeks under the age of 34 said they had probably bought second hand items over the last 12
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Vast majority of Greeks pessimistic on prospects of recovery despite coalition efforts
Societythe economic situation in their country will improve over the next 12 months. In contrast, 53 percent... percent of Greeks believe their household’s economic situation will improve over the next 12 months... to worsen over the next 12 months. In February 2013 this figure stood at 76.4 percent but had fallen to 49.6
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Parliament's budget office rings alarm bell on economic prospects
EconomyMacroeconomyto the PBO, the agreement reached in the Euro Summit on July 12 is a roadmap towards a new agreement... by the opposition parties. The July 12 agreement is characterized by an apparent intrinsic asymmetry... Directive (BRRD). From an institutional point of view, the July 12 agreement is equivalent
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Newsletter 51 - 12/11/2015
on the evening of November 12 and bondholders of around 1 billion of the total tendered 1.09 billion... an initial indication on November 3, Eurobank announced on November 12 that it has received... and, thus, avoid any official capital support. NBG announced on November 12 the results of its LME
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As Greek leaders mull position on refugee crisis, EC sets out timetable of targets
PoliticsForeign Policythe next few months in order to comply with the Schengen area rules: 12 March 2016: Greece should... in the implementation of the Commission's recommendations of 24 February 2016. 12 April 2016: after... within days after the visit. 12 May 2016: at the latest by this date, Greece has to report
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingat the end of 2015, 12 billion will be restructured, while sales, liquidations and write-offs... million on the back of lower pillar II costs, while insurance income almost halved QoQ to 12... employees. Impairment losses dropped by 12 percent QoQ to 182 million with the cost of risk (over net
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