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  1. Piraeus Bank brings Q1 2015 losses down to 69 mln
    Photo by MacroPolis

    EconomyBanking

    NPL eased to 41.3 percent. NPLs During the conference call, Piraeus management noted that the NPL.... The bank estimates synergies of 10 million and positive liquidity of 0.3 billion due to the acquisition... Ahli Bank of Kuwait for a consideration of 150 million dollars. The bank estimates

    2%
  2. Travel balance up by 81.4 pct in November, foreign arrivals increase
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in receipts is driven by a rise in foreign arrivals, which went up by 3.3 percent during the period... visitors, meaning that according to BoG at least, 2017 is set to exceed SETE’s estimates. Furthermore.... These estimates are also supported as being on track for 2017 by BoG.

    2%
  3. About last night
    Photo by MacroPolis

    Agora

    , Greece is left with very demanding fiscal targets during a period that it should not be keeping its... buffer came in line with expectations. The Eurogroup statement estimates the cash buffer... the precautionary credit line. The IMF’s estimates for Greek growth are much more conservative than

    2%
  4. Athens waits for credit rating upgrade as 10-year yield drops to new low
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    it has not taken any rating action on three occasions during its regular cycle. This means it is now..., however the growth estimates for this year have been trimmed down in the draft budget to 2 percent and although New Democracy expects acceleration to 2.8 percent for 2020, the latest estimates from

    2%
  5. BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
    Photo by MacroPolis

    Economy

    economic activity during the first half of the year. Private consumption will face a significant... recent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... estimates. The OECD sees global growth slowing by 0.5 percentage points to 2.4 pct. For Europe, the OECD

    2%
  6. OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
    Photo by MacroPolis

    Economy

    initiatives. In any event, the level of impact outweighs anything that was experienced during the global... level, household spending, business investment and international trade. The OECD estimates the impact... unchanged. The OECD estimates the overall hit in consumer spending to be around a third in many major

    2%
  7. IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    , as the primary surplus grows over time. The cyclically adjusted primary balance is slightly higher during.... It will be 1.4 pct in 2024, 1.6 pct in 2025 and estimated at 1.9 pct in 2026. The estimates... these estimates were at 178.7 pct of GDP in 2023 and under 161 pct, at 160.7 pct of GDP by 2027. This change

    2%
  8. Return to investment grade overshadowed by flood destruction

    Economy

    to citizens and producers, and infrastructure will need to be rebuilt. During the weekend it was reported... investments. DBRS endorses the Greek authorities estimates of 2.3 pct growth this year, as the investment..., with some initial estimates briefed by Greek officials seeing it more than 3x potentially reaching 2.5

    2%
  9. Newsletter 442 - 22/11/2024

    Newsletters

    in September 2023. During the three quarters of 2024, the current account deficit was 7.67 billion euros, from..., the underlying numbers highlight the challenges for the coming years. According to the latest estimates... and investments, is also captured in the 2025 estimates as they are seen growing by 3.6 pct in 2025

    2%
  10. Greece moves closer to troika over fiscal gap, waits for response
    Photo by MacroPolis

    EconomyProgramme

    during the weekend, German Finance Minister Wolfgang Schaeuble said that conditions for providing... euros but the overall impact on the economy would be materially negative. SETE estimates... ground on these demands. Pensions The second government intervention with estimated cost savings

    2%