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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomyrepresents the majority of GDP, making up around 87 percent of the total figure in Q3, with private... around 20 percent of the total. In the final budget for 2020 submitted to Parliament, the Ministry... was largely driven by gross capital formation increasing by 5.7 percent QoQ, reversing a decline of 5
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GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
EconomyMacroeconomy, making up 91.7 percent of the total GDP in Q2, with private consumption representing 71.7 percent of total GDP. Government spending has increased to 20.1 percent because of fiscal interventions.... The QoQ GDP increase in Q2 was largely driven by a 21.6 percent increase in capital formation and a rise
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Newsletter 395 - 29/09/2023
for the offer of 1.9 euros/share, with the share price currently trading at 1.47 euros/share and its total... that the Greek state is facing essentially a total loss in the 10-billion-euro state outlay. Banks facing... in the share capital of Eurobank, setting in motion its plan to dispose of its holdings in the four
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State braces for losses as bank divestment plan is put into action
EconomyBankingat 1.47 euros/share and its total market cap is roughly 5.4 billion euros. Its legal framework... is accepted by HFSF, it means that the Greek state is facing essentially a total loss... its small participation in the share capital of Eurobank. This set in motion HFSF's plan to dispose
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Alpha Bank acquires Citigroup's retail banking unit in Greece
EconomyBankingthat 60-61 million, of the total outstanding 1.2 billion, warrants have been exercised. If confirmed.... The 450 million shares account for 3.5 percent of total Alpha shares. This means HFSF’s share... at 2 million euros, is capital neutral for Alpha and is expected to contribute positively to Alpha pre
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Newsletter 31 - 19/06/2015
moderate outflows of around 2.9 and 1 billion, respectively. More than 70 percent of total withdrawals..., corresponding to 42.3 percent of the total outflow. Management at the country’s banks also indicated...Bank liquidity holds key Failure to strike a deal soon could result in capital controls Caught
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Newsletter 34 - 10/07/2015
we can judge, total interventions for 2015 stand at 2.3 billion euros and at 6.5 billion for 2016... amounted to 195 million. Summing up, total retail sales fell by 10 percent to 975 million, from 1.09... to reconfigure his government, especially if his government loses its majority. Capital controls extended
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Greek stocks on slide for third straight week
Economybond swap offers that resulted in a capital strengthening of 2.9 billion euros in total for the four...-preemptive international institutional offerings to raise at least 6.3 billion euros to cover their total capital shortfall (Alpha and Eurobank) or the capital needs of the baseline stress test scenario (NBG
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GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
EconomyMacroeconomythe majority of GDP, making up 88.8 percent of the total figure in Q4, with private consumption... of the total. The latest MoF forecast pointed to a rise in household consumption by 0.9 percent.... These falls were partially offset by a 27.8 percent rise in gross fixed capital formation during
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomybetween 2015-2017. Total card use penetration had a significant positive effect on tax compliance and led to at least 50 percent of total annual VAT revenues increasing in 2017. IOBE notes that if card...) has shown. The study, titled “Digital payments after capital controls: Support measures and tax
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