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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammebalance. According to the finance ministry, Greece will grow by 2 percent in 2018, lower than its... organisations. Growth will pick up to 2.4 percent in 2019 and remain above 2 percent before dropping to 1.8... surplus by 2022, reaching 2 percent of GDP, or 4.15 billion, which is around five times the outcome
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Newsletter 193 -08/02/2018
almost 1.3 billion euros in 2018, around 2 billion euros remained unpaid at the end of December... the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent as a result... growth is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingof 2 percent YoY. Asset quality NPEs fell by around 1.2 billion euros in Q4, taking the stock to 24.5... billion, and Phoenix valued at 2 billion. These portfolios will be placed with the Hellenic Asset... reached 1.44 billion, a rise of 2 percent YoY. The bank’s management noted that 4.1 billion in new
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Newsletter 488 - 12/12/2025
grew by 0.6 pct quarter-on-quarter and 2 pct compared to the same period last year. Growth over the first nine months averages 2 pct, and strong private spending during the festive season will be needed... to 2 pct in 2026, or slightly below, with Capital Economics the latest to predict 1.8 pct for next
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economypercent quarter on quarter (QoQ) to 423 million. Fee income also fell 2 percent QoQ, yet the considerable... income by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1... core-pre provision income (excluding one off items) rebounded 2 percent quarter on quarter (QoQ
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingtotal costs to stand below 1 billion for the whole year, from 750 million in the 9-month period. Over... the NPE mix with retail loans making up 55 percent of total NPEs, the bank said that the retail NPE... 20 percent each to the total NPE cut, while write-offs will make up the remaining 40 percent
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Public sector staff trends survive MoU exit, change of government
Societystable At the end of the adjustment programme, Greece committed to a replenishment ratio of 1:1... the ratio had been as low as 1:5 (one hire for every five departures), transitioning to 1:3 in the final... to rise While permanent staff levels have been kept steady overall, the total public service
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyof 2 percent in Q3, which also reflected a low base effect. The Q4 figure is also worse than the flash... percent QoQ and 2 percent YoY leading final consumption expenditure down 1.1 percent QoQ and up 0.6... consumption fell by 2.1 percent, leading total consumption up by 0.6 percent. Private consumption retains
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IMF's latest macro and fiscal estimates reflect economic stability
EconomyMacroeconomyeconomy growing by 2 pct this year and in 2026, with both estimates below the outlook the Greek... Outlook (WEO) of April that expected the economy in 2026 to grow by 1.8 pct, and 2 pct this year... by 3.1 pct this year and by 2.5 pct in 2026, moderating to 2 pct by 2030. The current account
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economybillion above the 2 billion SYRIZA forecasts b) The increase in the Public Investment expenditure, which... to 12,000 euros (at 2 billion by the MoF, 500 million above that of SYRIZA) b) increased funds for local... for those under the poverty limit so that the total servicing of their obligations for taxes, bank loans
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