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Brussels urges Athens to remain on reform path as fourth post-MoU review looms
EconomyProgrammeof the efforts undertaken in the last decade. Growth has returned and is expected to exceed 2 percent this year... with a total surplus for the last three years; and confidence is evident in the borrowing costs, with the yield of 10-year bond at around 2 percent. Both Commissioners in charge of overseeing Greece
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Latest T-bill auction highlights shift in Greek yield curve
Economyeuros and the total amount offered was just above 1.8 billion euros, taking the coverage ratio... of 26-week T-bills on October 2 for the same amount produced a yield of 0.097 percent, while... curve over the last six months, with all issues up to 20 years now below the 2 percent threshold
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingloans, 10 percent large business loans and 2 percent marine loans. Along with 95 percent of mezzanine... is expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids... percent of its total loan portfolio by the end of this year. As of the latest reporting figures released
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgramme. If approved, this could secure up to 4 billion euros for investments and 2 billion euros for tax relief. The government is searching for over 2 billion euros of fiscal space in the 2021 budget and at least... tax could be self-funding by broadening the tax base, the total abolition of the solidarity levy
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeeuros turned red during the crisis. The banks are calling for more than 2 billion euros of state... for over 2 billion euros of fiscal space in the 2021 budget and at least 400-500 million euros in the current year to implement its tax plans. The total abolition alone of the solidarity levy in 2021 would
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
EconomyOnly two days after announcing economic measures of up to 2 billion euros to support businesses... Reference Framework (ESPA), taking the total available to 9.8 billion euros. Finance Minister Christos... of the coronavirus on the economy. This will have a fiscal cost of about 2 billion euros, Staikouras
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Newsletter 266 -18/09/2020
confirmed on Thursday and nine more people died after contracting the disease, taking the total to 357... forecasts. 2 Current account deficit at 874.5 mln in July Sharp drop in travel receipts drives..., against an increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019
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Apartment prices rise by 4.1 pct in Q2
EconomyMacroeconomyan increase of 2 percent in 2018. Apartments over 5 years old saw prices increase by 6.9 in 2019, against..., and by 2 percent in other areas of Greece during Q2. For the whole of 2019, based on revised data... (ELSTAT). The total number of permits came to 1,747. The corresponding surface area rose by 10.2
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Newsletter 291 - 02/04/2021
, increasing the total size of the package to 57.5 billion euros, from the 30.9 billion euros it gets... worsened by 10.6 points. 2 Consumer confidence improves in March Retail, services and employment..., stationery and other goods (-3.7 percent). Increases were noted in supermarkets (+2 percent
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NBG posts 557 mln profit in Q1
EconomyBankingpercent QoQ from 314 million in Q4. Net fee income fell 2 percent QoQ to 67 million in Q4 The bank’s... to 16 bps in Q1, led to a improvement of the bank’s blended funding cost to nearly zero in Q1 (2 bps..., a 40 bps QoQ improvement that reflected improved profitability. The total capital ratio reached 17.1
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