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  1. Athens details fiscal counter-measures, a vital selling point for Tsipras
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    focus on the spending side in 2019 and on reducing the tax burden in 2020, worth 1 percent of GDP... drop to 3 percent (from 5 percent). For the bracket including taxpayers with income between 30,000 and 40,000, the rate would be cut to 5 percent (from 6.5 percent), while for higher incomes up to 65,000

    8%
  2. Survey reveals working lives, job-finding trends of young Greeks
    Photo by Natasha Pantazopoulou/Fosphotos

    Society

    of their studies and 5 percent thought that it would be too expensive. Other reasons, including family... education. Furthermore, just 5 percent of those who did pursue an additional education programme... or to commute for longer than 1 hour in order to start working.

    8%
  3. IMF raises growth forecast for 2019, lowers sharply medium-term expectations
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    substantially from a previous 1 percent to 2.5 percent. However, the Fund revise downward its GDP growth... by episode types, war-related declines last about 5 years and the recovery is sharp, transition to market... level in 2017. This group of countries represents 5 percent of global GDP and 7.5 percent

    8%
  4. General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    increased strongly by 1.61 billion to 34.71 billion euros, a rise of just under 5 percent. The next... a marginal fall of 5 million to 51.54 billion, representing 14.5 percent of the total. Repos dropped by 1.57... by 6.28 billion euros. Bank of Greece lending was unchanged and came to 2.38 billion euros, or under 1

    8%
  5. Piraeus Bank posts net profit of 185 mln in 2018
    Image via www.piraeusbankgroup.com

    EconomyBanking

    picked up to 44.7 billion at the end of 2018, an increase of 5 percent YoY. Domestic deposits came... in 2017. Operating expenses rose by 9 percent in Q4 to 269 million euros, and increased by 5.... Gross loans edged up by 1 percent QoQ to 53.1 billion in Q4, falling by 12 percent YoY. New loan

    8%
  6. Wages index up by 1.8 pct in Q1 YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    in Q1 2018 came to a YoY increase of 5 percent. On a quarterly basis, the index fell by 1 percent...Greece’s seasonally adjusted (SA) Wages Index rose by 1.8 percent year-on-year (YoY) in the first quarter (Q1) of 2019, following an upward revised rise of 5 percent in Q4, Hellenic Statistical

    8%
  7. Newsletter 239 -14/02/2020

    Newsletters

    . The investor distribution was dominated by real money as hedge funds held just 5 pct of the offers.... Only at the end of January, it was 1.42 pct but it has been hovering at around 1 pct over the last... by 5 percent. In 2019 the IPI fell marginally by 0.6 percent compared to 2018. The full-year figure

    8%
  8. GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019

    EconomyMacroeconomy

    in 2018, GDP grew by 1 percent versus YoY growth of 2.3 percent in Q3. The GDP movement in Q4... by 7.1 percent. Imports of goods and services fell by 5 percent QoQ, while exports of goods and services... decreased by 5 percent. Compared to Q4 2018, exports of goods decreased by 1.1 percent, and exports

    8%
  9. Banks step up securitisation drive following pandemic interruption

    EconomyBanking

    and 3.6 billion euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine... on the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1.... Piraeus also has in progress a larger securitisation called Vega, which is for a value of 5 billion

    8%
  10. Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
    Photo by MacroPolis

    EconomyMacroeconomy

    rising by 1.7 pct. For next year, growth has been trimmed significantly, now coming short of 5 pct... in deferrals of obligations and 5 billion in liquidity injections. For next year, 6.94 billion euros... will rise by roughly 10 billion euros to 74 billion and T-bills stock will drop by 1 billion euros

    8%