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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomystabilized at 45.2 percent of total exposures at the end of September. As we noted, BoG published... that are “unlikely to pay” account for 27.5 percent of total, while denounced loans (legal process underway) make up..., which currently make up 44 percent of total restructurings. BoG also said that the NPE coverage ratio
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Provisions of out-of-court workout bill outlined ahead of submission to Parliament
EconomyProgrammethat a total of 403,000 firms, including sole proprietors, may settle their existing debt... security contributions. The total stock of unpaid taxes climbed to 94.2 billion euros at the end... 2010. The total stock of overdue contributions, including those below the 5,000-euro threshold
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Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyand outweighed a total of 144,004 departures, of which almost 57 percent related to lay-offs. Full... total hirings rose to 58.5 percent in December from 57.1 percent in November, while that for departures... and shift work accounted for 40.1 and 14.6 of total hirings, while full time employment made up 45.3
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingFollowing the notable rise of 11.3 percent in the second half of 2015, the total number of payment... effectively, the BoG said. At the end of June 2016, debit cards made up 81 percent of total payment.... More importantly, the total value of card transactions fell by 6.7 percent to 26.21 billion
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agoraby Russian exports to Germany which declined by 22 percent in 2015, reaching a total volume of 29.9... thereafter in a foreign currency. The total volume of the transactions under review is significant. Deutsche Bank is said to have found a total of $10 billion of suspicious trades in Russia, including $6
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomypublic consumption fell by 1.2 percent leading total consumption up modestly by 0.5 percent. According... of the total GDP figure. Investments strongly rebounded by 6.1 percent in the 9-month period, accounting for 12 percent of GDP, while the EC foresees a slighter growth of 4 percent for the whole year. Total
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Bill for out-of-court workout ready but may need tweaks
EconomyProgrammein the mechanism if their total debt (tax, contributions and bank loans) exceeds the 20,000-euro mark... debt being eligible. The government sees a total of 403,000 firms being able to benefit from the out... figure is likely to be much lower. It is pointed out that out of the total tax debt of 81.38 billion
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Limited arrears clearance in first two months of 2017
EconomyMacroeconomyGreece cleared arrears of just 48.6 million euros in February, bringing the total figure to 68.3.... Of the total amount for February, 28.1 million relate to arrears’ clearance of the five general...’ clearance stood at 3.13 billion. As we noted, around one third (1.03 billion) of total gg arrears
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HRADF declares international consortium highest bidder for 67 pct stake in Thessaloniki Port
Economy. HRADF also said that the total value of the agreement for OLTH privatisation amounts to 1.1 billion. In addition to the financial offer, the total amount includes the mandatory investments of 180.... According to the 2017 budget, total privatisation proceeds are seen at 2.59 billion euros in 2017
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Industrial production improves by another 8.7 percent in March
EconomyMacroeconomyof the total index. Electricity production, which makes up more than one fifth of the total index, rose... of the total index. Furthermore, water supply production edged up 0.4 percent. All five main
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