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  1. The race to reduce Greece's bad loans

    EconomyBanking

    on target for the quarter and representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate

    5%

  2. Piraeus enters agreement for sale of 2.2 bln loan portfolio
    Image via www.piraeusbankgroup.com

    EconomyBanking

    billion, landing exactly on target for the quarter and representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During

    5%

  3. Retail index jumps 5.3 pct in May led by fuel and supermarket sale
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    goods (-1.1 percent) The annual volume rise was led by a 7.6 percent increase in supermarkets... percent. The seasonally adjusted (SA) retail sales index in May rose by 1.1 percent month-on-month to 74.2

    5%

  4. Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
    Photo by MacroPolis

    EconomyMacroeconomy

    in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent... of the alternative scenario is 1.1 billion euros: 335 million from scraping pension cuts and countermeasures

    5%

  5. In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    of Greece achieving overall balances to three years, after a total surplus of 0.7 percent in 2016 and 1.1... last October, when it expected a total deficit of -1.7 percent of GDP for 2017, a deficit of -1.1

    5%

  6. August current account shows surplus of 1.56 bln as deficit in primary income account grows
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    worsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... from a 1.1 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net increase

    5%

  7. Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets

    EconomyBanking

    and unsecured consumer loans for a total outstanding principal of 1.1 billion. Of the total.... The total collateral is valued by NBG at 1.1 billion euros, of which 650 million concerns commercial

    5%

  8. Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent. Private consumption is forecasted to rise by 1.1 percent and exports growth to slow to 5.8... by 298 million euros to 16.8 billion. Expenditure will stay broadly stable, up by 1.1 percent

    5%

  9. Newsletter 193 -08/02/2018

    Newsletters

    increase comes to 1.1 percent on increased import activity across year The absolute figures... showed a rise of 1.1 percent in the trade deficit, bringing the total shortfall to 21.47 billion

    5%

  10. EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyMacroeconomy

    consumption stayed on course and rose by 1.1 percent last year. The rate is seen as rising by 1.3 percent... balance reached 1.1 percent last year, boosted from good GDP growth, a broad-based recovery in taxable

    5%