Search
-
GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomy, making up 88.5 percent of the total figure in Q2, with private consumption representing 67.5 percent of the headline GDP number. Government spending represents 20.5 percent of the total. In the latest... percent decline in expenditure by the general government. Gross capital formation declined by 2.2
15% -
Falling bank shares prompt coalition to take closer look
PoliticsGreek Politicsof bad loans. Of the total, 25 billion are earmarked for sale or securitisation, 10 billion are due... banks, there will be few investors willing to step forward given that a total of 47.5 billion euros... for this capital raising to be concluded but there were market rumours that Piraeus had sounded out investors
15% -
GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomypercent YoY. Final consumption represents the majority of GDP, making up 86.8 percent of the total figure.... Government spending represents around 18.9 percent of the total. The latest MoF budget for 2019... expenditure rose by 2.4 percent versus the previous quarter. Gross capital formation jumped by 15.6
15% -
BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBanking) with a total outstanding balance of 2.1 billion euros and a total outstanding principal amount of 1.3... it will mean a reduction in regulatory capital as banks will need to write off deferred tax credits... losses from DTCs from their balance sheets without the obligation to raise capital for the State
15% -
BoG cautiously optimistic on economy and banking sector
Economy. Capital ratios also remained solid: the Common Equity Tier 1 stood at 15.8 pct and total capital at 20.4...-rating upgrades. Non-performing loans fell to 3.6 pct of total lending, the lowest since Greece... remains one of the strongest pillars of Greece’s recovery. Profitability, liquidity, and capital
15% -
General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln
EconomyMacroeconomy44 percent of total arrears. Extrabudgetary funds’ arrears grew by 317 million year to date to 574 million (8 percent of total) followed hospitals’ arrears that rose by 252 million to 1.18 billion accounting for more than 16 percent of total arrears. In addition, state budget arrears increased
15% -
Since 2010, declared income has plummeted but tax due has risen
EconomyFeaturesany tax in 2015. This corresponds to 1.63 million taxpayers out of the total figure of 6.19 million... fifth of total. On the other side of the spectrum, the taxable income of 10 percent of taxpayers accounted for more than one third (34.2 percent) of total. They also paid almost two thirds (66.1 percent
15% -
Overdue social security contributions increase 827 mln to 23.3 bln at end of Q2
EconomyMacroeconomyin KEAO across Q2. The released figures show that from the total overdue stock of 23.32 billion... euros (9.3 percent of the total). In total, 591,004 debtors are included in this bracket, a rise... 15 and 30,000 euros each for an aggregate amount of 1.81 billion (7.8 percent of the total
15% -
Overdue social security contributions top 35 bln in Q1
EconomyMacroeconomythe four main Greek pension funds based on several theoretical collectability criteria. Total... billion euros (10.8 percent of the total). Overall, slightly more than 1 million debtors fall... between 15 and 30,000 euros each for an aggregate amount of 3.50 billion (9.9 percent of the total
15% -
Newsletter 217 -02/08/2019
million euros are less than 15,000 of 7.3 million taxpayers in total and that their tax relief will be 22 million euros out of a total 465 million euros. He argued that 67 percent of the total.... The coverage of the early July issue was 1.61 times with total offers exceeding 2 billion euros
15%