Search
-
Newsletter 405 - 08/12/2023
of the total gap. Another laggard in job creation is wholesale and retail, which have nearly 142,000 fewer.... Investments decreased by 1.8 pct. Exports decreased by 0.7 pct and imports increased by 2 pct. Compared to Q3 2022, final consumption increased by 1 pct YoY, while investments also increased by 4.9
23% -
Newsletter 433 - 13/09/2024
of elections on 30 November and 1 December. Nikos Pappas, the party’s parliamentary spokesman, will act... presented a total of 45 measures of varying significance during Saturday’s speech, none of which caused... confirmed that social security contributions will drop by 1 percentage point next year, rather than
23% -
Industrial turnover returns to contraction in Nov with sharp 5 pct YoY drop
EconomyMacroeconomyAuthority (ELSTAT) on Monday. On a rolling 12-month basis, the industrial turnover was up by just 1... market was down by 9.4 percent. On a monthly basis, industrial turnover in the total market decreased by 7.5 percent, led by decreases of 7.7 percent in manufacturing, and mining and quarrying up by 1
23% -
Alpha Bank net profits at 704 mln in 9M, commission income jumps 14 pct YoY
EconomyBankingmillion in 2024, a rise of 2 percent. Pre-provision income (PPI) in 9M was 1 billion euros, almost... points. Capital The fully loaded Common Equity Tier 1 (CET1) ratio in 9M stood at 15.7 percent, from 15.5 percent a year ago. The bank’s Total Capital Ratio is 21 percent. The bank plans to distribute
23% -
The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... that the VAT reform targets a revenue increase by 1 percent of GDP or 1.8 billion on an annual basis... to be effective as of July 1, compared to October 1 for the Greek government proposal. Other fiscal
23% -
Tailor-made Maastricht criteria for Greece?
Agorainteresting detail is that the 5 percent nominal growth rate can be thought of as 2 percent... 1995-2021, compiled by Eurostat, for the EU27 as a whole and for Greece (Table 1). Growth and inflation... for a maximum debt ratio of 60 percent, then the tolerable maximum deficit would have been 2 percent
23% -
Where is Odysseus? Part 6 - Potential real GDP
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... by the Greek government.[2] Our more-modest real GDP outlook for the long run is quite below that of the EU.... These calculations are reflected in Figure 1 below. The vertical line marks the current year 2022
23% -
Alpha Bank acquires Citigroup's retail banking unit in Greece
EconomyBankingat 2 million euros, is capital neutral for Alpha and is expected to contribute positively to Alpha pre... management unit with assets under management of 2.1 billion, of which deposits amounted to 1 billion b... that 60-61 million, of the total outstanding 1.2 billion, warrants have been exercised. If confirmed
23% -
Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Economyto a rise of NPLs by 3.7 billion in Q1 – almost 1 billion per month. The latest figures provided... is increasing by around 2 billion euros each month so far in 2014. Unpaid SSC of 16 billion euros... for the total outstanding unpaid private debt by the middle of August. Citing government sources, local media
23% -
Snap elections in Greece bring state's liquidity constraints into focus
Economyas an additional amount of nearly 2 billion expected from SMP profits. These total 7.3 billion euros. Under... include: a) Short-term borrowing from general government bodies, which total 9 billion. However, 7 billion has already been used. b) Cash reserves of the central government, which are estimated at 1
23%