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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomy. As a result, the travel surplus rose at a higher pace than receipts, by 5.2 percent to 2.71 billion from 2.57... percent), to 11.97 million more than offsetting a decline in the average non-resident travel.... If confirmed, this would mean 2 million higher arrivals than last year’s figure of 24 million
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Greece near top of EU charts for proportion of population over 65 and 80
Societyend of the scale, Estonian women at 65 can expect to live 5.1 years longer than men of the same age...) and Hungary (17.3 point difference) were over 65s less likely than the rest of the population... generally less likely to be at risk of monetary poverty than for younger people, of which 25.1
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Newsletter 45 - 02/10/2015
than 15 November”. Although current estimates point to a lower level of official sector participation than the already disbursed first bank-related tranche of 10 billion, it is clear... into the party to freshen it up. However, Tzitzikostas, who at 37 is 10 years younger than Mitsotakis
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomya fiscal deterioration of more than 800 million year on year (YoY). The worsening performance mainly...) and by 152 million only in July to 753 million corresponding to more than 13 percent of total arrears... and make up more than 20 percent of total. The other three gg entities showed a modest increase
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economybanks in Q2. Piraeus Higher Emergency Liquidity Assistance (ELA) costs more than offset lowering..., though, that the NPL formation more than halved to 111 million in Q2 from 264 million in Q1, while... loans were kept almost flat QoQ at 52.8 billion, while deposits dropped by more than 11 percent QoQ
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Whither New Democracy?
Agoraof the coalition’s failings – is unfit to govern. After all, a party that takes more than three weeks to decide... principles were drafted more than 40 years ago and the party needs to find a new relevance in a rapidly... than Alexis Tsipras, which satisfies those within the party who feel they need to be led by someone
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The key points in Greece's new bank recap bill
Economythan 50 percent of capital increase, then HFSF will have restricted voting rights. A subsequent... shareholders will be determined via a book building process and cannot be lower than the price of HFSF’s participation. In addition the issue price of the capital increases may be lower than market
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBanking, which is slightly lower than that recorded in Q2 (293.9 million) and Q1 (296 million). Net interest... cost more than offsetting the increased wholesale funding cost, particularly in Q2, due to the higher... of 1.84 billion euros in Q2, which is more than four times above the Q1 figure of 455 million on the back
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Greek economy surprises in Q3, eases by a marginal 0.5 pct
EconomyMacroeconomythe first negative reading since Q4 2014 and markedly better than market polls indicated. ELSTAT said.... The drop in Q3 was the first negative reading since Q1 2014. The drop rate in Q3 is also much better than... decreased 1.8 percent after increasing by 0.4 percent in Q2. Following the better-than-expected Q3
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammeimpact on Kino revenues could reach 10-25 percent, resulting in lower than anticipated revenues... income which is 70 percent higher than those in the first tier. In absolute terms this corresponds... is lower than the price upon the purchase of the property. Other items The omnibus bill also sets
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