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Newsletter 131 -15/09/2017
showed that unpaid taxes shot up by just over 2 billion euros in July compared to a rise of 727 million... since January 2015. 2 Building activity rises by 9 pct in June Permits remain above the 1,000-mark... by 2 percentage points (pp) from the Q2 2016 figure of 23.1 percent. This change was driven mostly
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammedevelopments. Inflation is seen at approximately 2 percent from 2014, which brings the nominal long-term..., with Greece already having paid back 2 billion euros from the sale of Finansbank by National Bank... seen slightly lower to 2 percent of GDP by 2025. Debt to GDP ratio stabilises at a higher level
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... percent to 750 million, with a cost of risk of 2 percent versus 1.96 percent in 2016. As management noted...). The coverage for stage 2 loans increased by 620 bps to 10.7 percent in Q4, while that for stage 3 loans (NPE
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Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
EconomyMacroeconomybillion euros. Primary expenditure came to 9.45 billion euros, very slightly below target by 2 million... of the year showed that primary expenditure came to 9.45 billion, very slightly below target by 2... of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower than target. PIB
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomyframework. The IMF sees Greek economic growth in real terms at 2 percent in 2018, then decelerating... Greece to grow by 2.3 in 2018 and 2 percent next year. Ratings agencies are also more optimistic than... the positive outlook, with growth estimates that exceed 2 percent in the near term. On the sidelines
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Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
EconomyMacroeconomytarget by 2 million euros. Net revenues came to 11.10 billion euros, above target by 407 million... below target by 2 million euros and 5.4 percent lower than that for the same time last year. Interest... three months of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower
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Newsletter 161 -11/05/2018
to Tier 2 instruments, the capital depletion for NBG is 9.56 pps and 8.95 pps for Piraeus. The main... could account for as much as 37.2 percent to 44.8 percent of all employment. 2 New overdue taxes up... in March following a rise of 2 billion euros in February, data from the Independent Authority of Public
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Newsletter 164 -08/06/2018
growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest since Q1 2008... anticipates growth of 2 percent this year. Figures from the MoF also showed this week that Greeceās... percent for an overall year-on-year reduction of 0.8 percent. 2 Exports rise of 1.4 percent in Q1
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Newsletter 169 -06/07/2018
, growing by 2 percent this year, 2.3 percent in 2019 and 2.4 in 2020. As employment conditions improve.... Employment is expected to grow by 2 percent annually, taking the unemployment rate to 16.5 percent... by the ENFIA tax. 2 New overdue taxes rise by 610 mln in May Total stock remains above 100 bln for fourth month
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Newsletter 172 -27/07/2018
between 2 percent and 2.5 percent over the next three years, with the potential of stronger growth... and came to 1.12 billion euros, whereas outside of the EU receipts dropped by 2 percent to 312 million... and revenue for Greece as competition picks up in neighbouring destinations. 2 Primary surplus
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