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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingthat will manage the real estate owned assets portfolio, which contains properties worth around 1 billion... million euros, with both parties aiming to close the transaction on October 1, 2019. The end result
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammeas planned and not creating an extra 1 percent in fiscal space for growth-enhancing reforms... estimate will have a fiscal cost of more than 1 percent of GDP in 2019 and beyond. These range from
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CPI edges up by 0.2 pct in May
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 0.2 percent in May following a rise of 1 percent in April, figures from the Hellenic Statistical Authority (ELSTAT) showed on Monday. May’s reading... and a 1 percent rise in alcoholic beverages and tobacco. Smaller rises ranging between 0.5 percent
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Parties' competing tax pledges come up against challenging reality
EconomyFeatures3,000 euros and yields additional tax revenues of 1 percent of GDP. According to the legislation... billion euros, while SYRIZA’s would range between just under 1 billion and 1.5 billion euros
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomy(ECB) funding, along with a fall of 1 million euros in Emergency Liquidity Assistance (ELA). ECB funding in May came to 8.07 billion euros as mentioned, along with ELA funding totalling just 1
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ND to highlight range of policy proposals after emphasis on tax cuts
PoliticsGreek Politicssuch policies with his rivals on July 1 as a cross-party committee agreed that the only televised... to believe that the July 1 discussion will be any different. New Democracy’s emphasis will likely
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BoG report highlights economic challenges, proposes way forward
Economythat the European Commission estimated in its latest post-programme report in the volume of 1 percent... confirmed while capital adequacy remains satisfactory at 15.5 percent, with the Common Equity Tier 1
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Newsletter 213 -07/01/2019
2011 Loans to sole proprietors edged up by 1 million euros after a negative reading of 30 million... by 1 million euros after a negative reading of 30 million in the previous month. Deposits rise
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Industrial production falls by 1.2 pct in May
EconomyMacroeconomy(+1.6 percent) and capital goods (+1 percent). A drop of 10 percent was noted in energy production..., industry confidence has improved by 1 point. Additionally, Markit’s manufacturing PMI came to 52.4
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammebring in just over 1 billion euros in revenues each year. Mitsotakis also declared his government’s... to allow any firms that owe up to 1 million euros to the state to join the scheme. Regling
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