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Newsletter 93 - 21/10/2016
coupled with a higher increase of 2 percent in mining and quarrying turnover. Despite the modest... percent, while mining and quarrying turnover expanded at a higher pace of 2 percent. However.... 2 Polycrisis at the heart of Europe The EU requires real leadership to overcome its current
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Newsletter 100 - 16/12/2016
that it is not willing to countenance the idea of adopting further measures to close the 2 percentage point fiscal gap... in Berlin on Friday with the impression that the IMF’s demands for another 2 percentage point... conducive to a convergence between both sides. 2 Budget primary surplus surges Primary expenditure
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Newsletter 103 - 20/01/2017
on TrainOSE’s debt to OSE, amounting to more than 700 million, is pending. 2 Budget primary surplus almost... in industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October... recorded in consumer non-durables (+5.2 percent) and intermediate goods (+2 percent). On the flipside
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Newsletter 107 - 17/02/2017
adopting in its winter forecasts the Greek outlook for a 2016 primary surplus of (at least) 2 percent... the Fund before these dates. The IMF believes that Greece has to adopt 2 percent of GDP (or 3.6 billion... in 2018”. 2 GDP slips in last quarter of 2016 Headline figure indicates the first negative reading since
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Gains of 2.5 pct for stocks this week amid subdued trading volumes
EconomyTelecom – OTE (-2.3 percent) and Folli-Follie (-2 percent). The trading activity remained muted... profits to 343.3 million, while net sales fell by 2 percent to 6.21 billion. The Board of Directors proposes a dividend of 0.44 euros per share implying a dividend yield of 2 percent. Piraeus Port
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyof 2 percent in Q3, which also reflected a low base effect. The Q4 figure is also worse than the flash... percent QoQ and 2 percent YoY leading final consumption expenditure down 1.1 percent QoQ and up 0.6... by 2 million to 27 million in 2017. Imports Unlike exports, imports rebounded 4.5 percent QoQ in Q4
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IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
EconomyMacroeconomypercent of GDP (from 0.7 percent before) and for 2018 to 2 percent (from 1.6 percent). However... thereafter to -1.5 percent of GDP in 2019, to -1.7 percent in 2020, to -2 percent in 2021 and further.... The IMF also upgraded its debt ratio forecasts by 2 to 4 percentage points until 2022. Specifically
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingand liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated... banking and asset management with risk-weighted assets (RWAs) of 28.4 billion and an NPL ratio of just 2
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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April... area average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate... (mostly credit cards) edged down by 2 bps to 14.52 percent. Moreover, the housing loan rate fell by 7
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Greece secures next bailout tranche, moves towards deal with lenders
PoliticsGreek Politicseuros of debt repayments to make in July, this would leave close to 2 billion euros...” and whether Greece would have to maintain a primary surplus of “at least” 2 percent of GDP between 2023 and 2060 or an “average” surplus of 2 percent during this period. Dijsselbloem’s comment regarding
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