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ECB report highlights sluggish Greek economic growth
Economycreated since mid-2013, offsetting the total number of jobs lost during the crisis.” However, crisis... of total loans in 2014 to 5.2 percent in the fourth quarter of 2017. Meanwhile in Greece, NPLs remain... for the EU. On a positive note, gross capital formation rose by 15.7 percent in 2017 compared
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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgrammeof this year, with a target of 30 percent of total hospital procurement done centrally by mid-2020 and 40 percent of the total by mid-2022. Furthermore, the social safety net reforms that were launched during... and its role will be reviewed by mid-2022, respecting its independence and governance. Capital
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturescombined represent 46 percent of the total market share in Greece in 2017, up from 30.3 percent in 2004... a tax rate of 24 percent. For all-inclusive services, 30 percent of the total price is subject to 24... is structured as a share deal, no Greek direct or indirect taxation (e.g. capital gains tax, RETT, stamp
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingbillion euros’ worth of bad loans, according to reports in the Greek media. Of the total, 25 billion... at a combined total of around 47.6 percent of the loan books at the end of the second quarter, far higher... balancing act, as in the event that additional capital is required it will be hard to come
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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomyimproved by 290 million. Total net revenues are expected to reach 53.3 billion euros vs a target... billion euros. Expenditure in 2018 is expected to be broadly in line with the target. The total is due... in the MTFS. In contrast, gross fixed capital formation will only grow by 0.8 percent year on year (YoY
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November current account deficit at 1.41 bln as import value outstrips exports
EconomyMacroeconomy. The BoG noted that at constant prices, total exports of goods rose by 12 percent, and total imports... capital of Hellenic Healthcare Holdings SA, which in turn acquired the Diagnostic and Therapeutic
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBanking, with the NPE coverage ratio standing at 47 percent for the group. The bank listed a total of 4.7 billion euros... platform. A total of 401 auctions were carried out in Q1, with a success rate of 32 percent. P&L... percent in Q4 2018. Capital The Common Equity Tier 1 (CET1) ratio stood at 17 percent, down by 41 bps
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Newsletter 212 -28/06/2019
showed that the total figure has risen by 30.24 billion euros year-on-year and stood at 358.95.... Total expenditure came to 21.95 billion, landing above target by 255 million. In addition, the PIB..., the banks are also looking at how further issues of this nature can be leveraged to enhance their capital
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economyweak, with NPEs standing at 45 percent of total loans as of the end of March. There is a combination... is for them to drop to 20 percent of total loans by 2021. The economic recovery, improved real estate prices... of capital controls by the end of the year. Fitch concludes that there is scope for positive rating
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Despite ongoing budget talks, ND eyes more relief measures in coming months
PoliticsGreek Politicsand which the ministry sees as a boost to public coffers. The total amount to be settled via the scheme... minister Dimitris Papangelopoukos for allegedly meddling in the Novartis investigation. A total of 173... not quantified and lacking in detail. Financial news website Capital claims that the fiscal gap has been
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