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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomythat a large part of the revenue underperformance is attributed to: 1) SMP and ANFA income of 1.72 billion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgramme-tranche of 2 billion euros was voted through the Greek Parliament on Thursday evening. The bill... to disburse the 2 billion euros on Monday. As we indicated on Thursday, a series of pending issues... actions for the disbursement for the second sub-tranche of 1 billion, euros has not been defined yet
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingreflects: 1) Negative impact of 1.16 billion euros from Finansbank (mostly additional impairment of 612 million and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower
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Newsletter 253 -05/06/2020
23,000 individuals remain in self-isolation after entering the country in recent weeks, with around 1... growth and is the sharpest QoQ contraction since Q3 2015, when there was a drop of 2 percent. Compared to Q1 in 2019, GDP shrank by 0.9 percent compared to YoY growth of 1 percent in Q4 2019. This marks
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesCountry of origin Primary permit holders Total permit holders including family members China 1,395... 66 201 Jordan 62 160 Iran 57 115 Other countries 266 568 TOTAL 2,968 7,565 Source: Ministry..., around 27 percent of the total. Chinese citizens have long used overseas property as a safe haven
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Newsletter 220 -20/09/2019
at 45.4 percent of total loans, down from 47.2 percent. After coming to power in July, New... the consortium, which were held in good faith and cooperation, as the company stresses. Out of the total capital.... Deutsche Telekom AG participated in the issuance by covering 20 percent of the deal size. 2
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyyears) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... of FSM loans in Q3 involve EU financial aid of 212.7 billion in total, of which 52.9 billion relate..., accounting for 17.5 percent of total debt. Of this amount, 38.8 billion are held by private investors and 18
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomyincreased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above..., higher growth rates compared to the Greek ratio increase of 1 pp were recorded by Mexico (2.3 pp) and Turkey (1 pp). It is worth noting though that excluding social security contributions, the Greek
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Central government debt increases by 1.99 bln to 364.86 bln in Q3
EconomyMacroeconomymade up 76.3 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years... (+85.4 million). An increase of less than 1 million was seen in BoG loans. Declines were seen... percent. FSM loans continue to make the majority of total loans, accounting for 68.1 percent
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomylending was largely unchanged and came to 2.38 billion euros, or under 1 percent of the total... period, rising by 443 million (1 percent) to 43.03 billion in the first seven months of the year... in hospitals. No change was noted in state budget arrears. Since the start of the year, total arrears have
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