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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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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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Newsletter 329 - 25/02/2022
estimates, Greek nominal GDP will exceed 187 billion euros in 2022. Assuming this materialises and the institutions’ nominal growth estimate of 4 pct growth in 2023 proves accurate, the 2023 GDP is seen... and there is a clearer picture regarding the available fiscal space. It is estimated
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyofficial revision of the growth estimate for this year. GDP is now seen rising by 5.3 pct, from 3.1 pct... roughly 20 pct below the 2010 levels. The Finance Ministry admitted that in the latest estimates the cost... euros for 2022. The actual fiscal cost of those interventions on the energy market are estimated
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Newsletter 392 - 08/09/2023
. According to an estimate from the National Observatory of Athens, 72,000 hectares of land has been... tourism that will boost the traditionally strong Q3, it is believed that the estimates of 2.3 pct... policies, which pushed up interest rates by more than 400 basis points, it is estimated that one more
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Newsletter 435 - 04/10/2024
once again to revise down its growth estimate for this year to 2.2 pct, when in the final 2024 budget... growing by 6.7 pct this year. Real GDP growth estimates also moderate further from 2027, when... years is due to receive some sizable military orders estimated at 4 billion euros for warships
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Mitsotakis makes new bid to break deadlock with farmers as govt ponders relief measures
PoliticsGreek Politicsas the government grapples with farmer protests and broader cost‑of‑living pressures. In the vote estimate..., the Finance Ministry is taking a conservative stance and estimates that there is fiscal space of 800 million euros for next year, with the emphasis on the self-employed and tax on rents. It is estimated
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Greece trying to lay 'phantom' pensions to rest
Societythey all had a legal entitlement to their monthly retirement pay. As a result, Greece’s main social... themselves either at an IKA office or at the place they receive their retirement pay from, such as post... pay after the claimant had died. Vroutsis said that the annual value of the unjustified claims
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A third of Greek homeowners fear losing their properties in 2014
Societyexpressed fear about losing their home. Only 61.2 percent of those questioned said they were able to pay their mortgage instalments on time, whereas 22 percent said they often pay late and 16.8 percent said... 1 million Greek households are paying mortgages, meaning that 168,000 owners are failing to pay
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