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State Budget Execution, 2021, Year to Date, Ordinary Budget Expenditure
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Greek deposit and loan rates slide in September
EconomyMacroeconomythe 1.20 percent average rate in the eurozone and more than 50 bps higher than the respective rate..., with the year to date drop at almost 50 bps. On the loan front, the most significant movements... than 50 bps higher than the eurozone average rate, while the rate for consumer loans without
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeon property taxation (revenues of 50 million per annum) Existing proposals These new measures... on cars (72 million in 2015 and 50 million in 2016), targeting uninsured drivers (51 million in 2015... in 2016) 6) Fuel smuggling (75 million in 2015 and 300 in 2016) 7) VAT fraud (50 million in 2015
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economy. According to bank sources, the haircut applied on loans and GGBs currently stands at around 50... haircut since state guarantees make up 50 percent of total ELA-eligible collaterals. Consequently... on the 50 percent of 190 billion). We conclude that from a total ELA liquidity of 115 billion
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammeto a CoS ruling, the state should retain at least 50 percent, so only a minority stake can be sold... institutions. The monetisation of the new fund’s assets would generate revenues of 50 billion euros.... Finance Ministry sources recently indicated that the new fund would create the targeted 50 billion over
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Greek teachers low paid, but work shorter hours in smaller classes
Society’s primary teachers are aged 50 and over while less than 1 percent are under 30. Only Italy had a higher rate of primary teachers over 50 (57 percent). In Greece, 27 percent of primary teachers... teachers aged 50 or older climbed by 3 percentage points on average among countries with comparable
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingtest horizon, the impact is anticipated at 120 bps with the impact for 2018 resting at 50 bps... with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent
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Hirings balance hits new record high of 108,725 in May
EconomyMacroeconomypercent were layoffs. Full-time hirings landed at very slightly more than 50 percent, down from 55.6 percent in April, and the second time since May 2017 that the balance has increased over 50 percent..., respectively. For the first five months of the year, full-time employment dropped to just under 50
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APS option to help banks with bad loans seen gaining ground
EconomyBanking, with the accumulated losses over the last six months coming to just short of 50 percent. Monthly... targets up to 2021. According to reports, the new targets involve the restructuring of 50 billion euros... or below, from around 50 percent, by 2021. These new targets further compounded the pressure
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PMI edges down to 48.7 points in October as output declines at fastest rate since May
EconomyMacroeconomyGreece’s manufacturing PMI slipped to 48.7 points in October from 50 points in September, according to the latest data from Markit. According to Markit, readings over 50 and above indicate overall... the index below the 50 point mark. As mentioned, this was driven largely by reduced orders in the food
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