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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomycontributions for main pensions (531 million) and supplementary pensions (183 million) 2) Reduction... percent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomysub-tranches of 2 and 1 billion respectively, the government has indicated it aims to pay arrears.... 2) Considerable drop in repos by 7.1 billion more than offsetting the marked rise by 6.4 billion
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economypercent quarter on quarter (QoQ) to 423 million. Fee income also fell 2 percent QoQ, yet the considerable... core-pre provision income (excluding one off items) rebounded 2 percent quarter on quarter (QoQ
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyto: 1) SMP and ANFA income of 1.72 billion that was not collected 2) Non-assessment and collection... stands 1.24 billion below target. At the same time, PIB revenues stood at just 2 million in September
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economyby 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1... a yield of 2 percent. Hellenic Petroleum announced a 5-year business plan targeting EBITDA of 650 million
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Greece fell two places to 60th in Doing Business ranking, World Bank says
EconomyGreece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016 Doing Business report showed. Greece is ranked in the 60th place among 189 countries, down from... in Paying Taxes (66th) and by 2 spots in Resolving Insolvency (54th). In the ten topics measured
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Newsletter 49 - 30/10/2015
of 2 billion euros. A few days later, on October 27, the government’s council for economic policy... in September. October’s rise took the index to -59.6. Overall,ESI is down 12.6 points this year. 2
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingbank bonds. The offer relates to 532 million senior bonds, 267 million Tier 2 securities and 78... percent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1
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The key points in Greece's new bank recap bill
Economyof Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingEmergency Liquidity Assistance (ELA) usage. Deposits fell by 13.7 percent QoQ in Q2 and further by 2... modest growth by 2 percent QoQ in Q2, core PPI significantly improved by 20 percent QoQ to 330
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