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Newsletter 34 - 10/07/2015
we can judge, total interventions for 2015 stand at 2.3 billion euros and at 6.5 billion for 2016... amounted to 195 million. Summing up, total retail sales fell by 10 percent to 975 million, from 1.09... in June The Greek consumer price index (CPI) fell by 2.2 percent in June, slightly above the 2.1
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Greek stocks slide by 1.6 pct over week on bank correction
Economyby Jumbo (+3.8 percent) followed by Motor Oil (+2.2 percent) and METKA (+2.1 percent). In contrast... Alpha Bank announced on Wednesday a bond swap offer for a total outstanding amount of 1.09 billion... proceeded to a bond exchange offer into shares on Thursday for a total consideration of 877 million
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyGreek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank....[Link to chart - Loans, Total, Balance, Year on Year] The segmental breakdown showed corporate lending... euros with deductions increasing to 47 million in December to a total of 167 million for the whole year
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammemonthly earnings of each employee for the total number of working years after applying progressive... from the beginning of June 2016 until the end of May 2019. A lower rise by a total of 0.5 points... from 2.2 percent for income between 12-20,000 euros up to 10 percent for incomes above 220,000 euros
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ELSTAT publishes data on bankruptcies since 2004, showing deterioration during crisis
Economyup 5 percent of total bankrupt firms. ELSTAT figures also showed that for an average annual number of 130 claim verifications in the 2004-2014 period, the total level of indebtedness stood at 470... in 2010-2014, 2.2 times higher than the respective figure in 2004-2009. Moreover, the average
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyof the ENFIA instalment. In particular, income tax improved 2.2 percent to 7.51 billion euros, 126... and the Ionian), beating the monthly targets by 50-170 percent that led to an outperformance of the total..., total expenditure fell by 2.7 percent to 3.69 billion euros in August. It edged up 1.7 percent
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyhave been downward adjusted by 2.2 percent to 48.16 billion euros in 2016, largely reflecting... was granted in July and August, while arrears of 1.44 billion in total (including tax refunds... pensions (265 million) 3) Granting social allowances for a total amount of 871 million in 2017, which
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Tormenting Greece with a distorted picture
Agorafor the last six months and economic sentiment fell by 2.2 percent in February. Greece will never... that it was reclassifying 6.3 billion euros of deposits from private to general government, meaning the total could no longer be directly compared with previous ones. If these 6.3 billion euros are added to January’s total
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Greek households spend greatest share of income on accommodation in EU
Society, this was double the rate for the total population. Similarly, 52.1 percent of young people were living...”. It also highlights that in the 2011 Eurostat census, “Greece had more than 2.2 million unoccupied conventional dwellings (secondary residences and vacant housing), i.e. 35.3 percent of the total number
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Unemployment rate edges down to 21.1 pct in Q2, lowest since Q4 2011
EconomyMacroeconomypace by 2.2 pp to 25.4 percent. The breakdown by age revealed that the jobless rate among the 20-24... unemployed (over 1 year) fell to 752,000 for a second straight quarter. Out of the total, long-term... and retail trade (18 percent of total), agricultural (12.1 percent), accommodation and food services (9.9
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