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Central government debt rises to 345.38 billion in Q2
EconomyMacroeconomy(up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.2 and 10.8 percent of the total
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Focus turns to first post-MoU visit by creditors and talks on pension cuts
EconomyProgrammethat cutting pension expenditure by 1 percent of GDP is not necessary in fiscal or structural terms... by October 1 before the economic plan is handed over to the European Commission on October 15 as part
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Recent study issues warning over ageing population, future pension burden
Societytoday to 1.4 million under an optimistic scenario and 1 million in an adverse scenario, by 2050... to retirees is 1.3 workers to 1 pensioner, with 3.6 million workers paying contributions to the pensions
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Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
EconomyProgrammeThe Greek government has given its clearest indication yet that it does not intend to implement the 1 percent of GDP in pension cuts due next year. Ahead of the first meeting of Alexis Tsipras’s new... on September 10. The main proposals for tax cuts are: 1. A reduction in the basic tax rate from 22 percent
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingthe 1 billion euro Jupiter portfolio of SME loans secured by real estate and the Mercury portfolio... Equity Tier 1 (CET1) ratio stood at 18.5 percent, up slightly from the previous quarter’s figure
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Tax cuts set to lead package of post-MoU pledges by Tsipras
PoliticsGreek Politicsout of the excess surplus for 2019, which is expected to surpass 1 billion euros. The 2018 excess..., the measures are costed at between 750 million and 1 billion euros, with around 2/3 of the sum
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingof small enterprises, totalling roughly 1 billion euros, which are collateralised. P&L Net interest income... covered bonds. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.2 percent in Q2 from 16.5
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomyperiod last year, private consumption increased by 1 percent in Q2, from stable in the previous quarter... by 1 percent this year. Investments Gross capital formation declined by 2.2 percent QoQ following
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyperiod, rising by 443 million (1 percent) to 43.03 billion in the first seven months of the year... lending was largely unchanged and came to 2.38 billion euros, or under 1 percent of the total
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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek Politics-measures that Athens had agreed with the lenders in return for implementing the 1 percent of GDP... up with 1 billion euros to aid 800,000 low-income Greeks via a guaranteed minimum income scheme
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