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Parliament's budget office rings alarm bell on economic prospects
EconomyMacroeconomyof an 80 percent nosedive in consumption post capital controls and lack of liquidity, PBO estimates an immediate GDP contraction of 2.8 billion per week, or 1.5 percent drop in the annual GDP. A slower
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Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
EconomyMacroeconomyrise in travel receipts fully reflects an increase in the average expenditure per trip by 3.4 percent... first tourism estimates for 2016. It expects tourist arrivals will increase by 1.5 million to 25
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Coalition seeks to quash concerns about complications with Hellenikon development
PoliticsGreek Politicsin an incremental rise of 1 million tourists per annum. Clearly, in the current environment the government cannot.... Lamda estimates the project will create 10,000 direct jobs, while at its full development
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorabook value per share. It should be noted that deferred tax assets (DTA) of the four banks stands... stood at 22 million euros, while NBG estimates the annualised positive impact at 200 million. BoG
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How Greece's political system failed to safeguard the largest investment in the country's history
Agoraand also holds 4.07 billion of NBG and Piraeus CoCos bearing a return of 8 percent per annum... exercise date. Of the 12 banks under resolution, the HFSF estimates the recoverable amount at 2.02 billion
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Turnover in tourism sector rebounds 2.6 pct in Q3
EconomyMacroeconomyto a drop in the average expenditure per trip by 9.3 percent to 547 euros, while foreign arrivals rose.... Although all estimates and figures point to a positive volume growth for the whole year, travel receipts
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingof 8 percent per annum for the first seven years. The statement of comprehensive income displayed... the funding gap of the twelve (non-core) banks under liquidation. Of this figure, HFSF estimates
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingits Q4 tangible book value per share of 5.66 euros.... bonds currently stands at just 300 million, while it estimates to fully repay those bonds
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Growth strategy sets out reform targets, broad policies for post-MoU era
EconomyProgrammebetween 2021-2022 as employment will grow by 1.8 percent per year, leading to a reduction... estimates by other international organisations, the government leaves unchanged its near-term growth
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Turnover in tourism grows by 10.9 pct in Q1
EconomyMacroeconomyin foreign arrivals. Average expenditure per trip rose by 1.3 percent to 306.1 euros compared to 302.1... figures for 2017 exceeded SETE’s estimates. For 2018, SETE predicts that tourist numbers could reach up
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