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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturessymbolic 4 percent towards meeting Europe’s total gas demand, and will provide a lifeline... by Greece’s DEPA and Italy’s Edison. The total cost of the project is estimated at 220 million... with the onset of the financial crisis in 2010. According to Eurostat, Gross Fixed Capital Formation
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Greek banks complete first round of covered bond issues
EconomyBankingstructure and total value of 500-million euros. It carried a fixed interest rate with a 3-year tenor... Bank’s latest issuance brings the total value of covered bonds issued by the four systemic banks... that the bond issuance would further strengthen the bank’s presence in international capital markets
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Newsletter 155 -16/03/2018
for the month showed that ELA funding made up around 59.9 percent of the total liquidity. The BoG figures also revealed that banknotes in circulation fell by 1.31 billion to 34.56 billion, the lowest total... heads in the civil service, according to Capital. One of the actions that the institutions
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingof the loans. The total value is 1.6 billion euros, though sources note that in the second phase... percent in 2017 to 40.9 billion. Total deposits rose by 1 percent annually to 42.72 billion. IFRS 9... percent post IFRS 9 FTA. Capital The CET1 ratio came to 15.7 percent at the end of Q4, while
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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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