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General govt primary cash deficit of 13.75 bln in November, arrears drop by 302 mln
EconomyMacroeconomymillion euros, bringing the total figure to a surplus of 728 million euros. The equivalent figure... the total to 2.20 million euros. This was followed by social contributions with a decline of 734 million euros taking the total to 19.60 billion. Other revenue showed a milder decline of 263 million euros
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General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
EconomyMacroeconomysecurity funds (SSFs) with an annual fall of 629 million euros, bringing the total figure to a surplus... with a decline of 1.45 billion, taking the total to 2.54 billion euros. This was followed by social contributions with a decline of 430 million euros taking the total to 21.8 billion. Other revenue
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Retail and catering continued to dominate business activity, employment in 2022
EconomyMacroeconomyeconomy over the last decades. A total of 294,892 companies were registered in Greece, up from... with 11-50 staff. Some 16 pct of total employment comes from 213,982 companies that employ 384,245 workers. It is just 780 companies that employ more than 250 staff, with total workers in this category
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It remains a mystery
Agorathat interest levels in 2012 were the same as in 2011). This means that from a total of circa 152 billion euros of total financing needs, 126 billion was to refinance and service the debt... noting, though, that according to the Bank of Greece the country’s lenders in 2009 had a capital
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Manufacturing PMI reached four-year high of 49.6 pts in December
EconomyMacroeconomyin the intermediate and capital goods production weighed on the total output. With new export orders falling again during December, the expansion in total new business was attributable to stronger demand
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Cooperatives on Cyprus: Why they were treated differently to banks
Agorato the tune of 1.5bn euros or 15 percent of the total Cyprus ESM/IMF loan. Although the co-operative..., the cooperative sector has 5.96 billion euros, which is 44.49 percent of the total lending... injection of capital comes with great conditionality. The Cooperative sector will have to merge from 93
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingpercent of the total loan book. Following the capital increase of 1.75 billion in April... million. This corresponds to 71 percent of the total targeted fully-phased synergies of 550 million
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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Economyfor the total outstanding unpaid private debt by the middle of August. Citing government sources, local media.... In addition, press reports indicate that the implementation of upcoming decisions on total private... of fines and creditor’s participation in the company’s share capital. In addition, creditors may also
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How many NPLs in the Greek banking sector are also non-recoverable loans ?
Agorathreshold of 30 percent of its total loan portfolio. In contrast, Piraeus Bank now posts a rather... approximately 45 percent of total loans extended by local banks are currently classified as NPLs... substantial amounts of provisioning. This binds liquidity and capital which cannot be made available
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Greek banks' Eurosystem funding declines by another 53 mln in August
EconomyMacroeconomyto the banks’ first-half announcements, their ratio of central bank funding to total assets stood at 13... percent). Excluding EFSF bonds, their net ECB exposure to total assets is lower by 4-5 percentage points. The significant decrease recorded this year follows the capital increases of 8.3 billion euros
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