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PMI comes to 53.8 in December as rise in foreign demand compensates lower domestic activity
EconomyMacroeconomythe main drivers of cost rises. Despite the increase, firms scaled back on passing the higher cost
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Economy. The average cost of servicing of the debt is at 1.7 percent at the end of last year, which is significantly lower than the average cost of refinancing the majority of the sovereigns in ‘B’ category
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Newsletter 192 -01/02/2019
in the labour market in an attempt by the country’s creditors to give labour cost competitiveness... sectoral level agreements that benchmarked against it, pushing lower the overall labour cost
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingunchanged. Loan impairments came to 59 million in Q4 from 78 million in Q3, corresponding to a cost of risk (provisions over net loans) of 83 bps from 109 bps in Q3. The full year cost of risk came
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Lenders deem second post-MoU review over, Athens waits for debt relief
EconomyProgramme’ worth of benefits and for 219 households payments will begin as of March 1. The total monthly cost of the benefit will reportedly come to 23.2 million euros, leading to an annual cost of 278.4 million
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Athens plans to use cash buffer to create fiscal leeway for expansionary measures
EconomyProgrammeas a bonus for pensioners) is estimated to cost 1.15 billion euros, around 800 million of which will be the lump sums paid out to retirees. The tax relief measures announced for 2020 will cost another 800
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Newsletter 205 -10/05/2019
that will be implemented this year are estimated to cost 1.15 billion euros, around 800 million of which will be the lump sums paid out to retirees. The tax relief measures announced for 2020 will cost
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Athens moves ahead with expansionary measures as it waits for lenders' response
EconomyProgrammefor this year by 130 million euros. According to the General State Accounting Office, the cost of the measures comes to 1.27 billion euros in 2019 (the 13th pension is expected to cost 830 million euros
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PBO sees fiscal target being reached despite expansionary measures
EconomyProgrammethe committed fiscal target at risk. The General Accounting Office had estimated the total cost.... The bonus that was paid out to pensioners in way of a 13th pension had a budget cost of 830 million euros
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Newsletter 208 -31/05/2019
. The General Accounting Office had estimated the total cost of the expansionary measures at 0.55 percent... of a 13th pension had a budget cost of 830 million euros net of taxes and social insurance contributions
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