Tag: TtE

Commission forecasts for Greek GDP growth slightly down from Feb. projections
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Commission forecasts for Greek GDP growth slightly down from Feb. projections

Panos - May 09, 2019

The Commission's spring forecast for the course of the Greek economy are moving slightly lower than the immediately previous forecast, primarily affected by a slowdown in the…

Central bank seeks clarifications from Attica Bank over minister’s 100K loan
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Central bank seeks clarifications from Attica Bank over minister’s 100K loan

Panos - Feb 19, 2019

Two top Attica Bank executives - its deputy CEO and managing director - met urgently on Monday with Bank of Greece (BoG) regulators in the wake of…

Greek state’s primary budget surplus overexceeds Jan-Nov target, reaches 7.626 bln€
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Greek state’s primary budget surplus overexceeds Jan-Nov target, reaches 7.626 bln€

Panos - Dec 28, 2018

The creditor-mandated primary budget surplus, as a percentage of GDP, for the Jan-Nov 2018 far exceeded the target, reaching 7.626 billion euros on the back of an…

Greek ministry says primary budget surplus triple the target over Jan-Aug period
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Greek ministry says primary budget surplus triple the target over Jan-Aug period

Panos - Sep 25, 2018

Figures for Greece’s primary budget surplus, as a percentage of annual GDP, showed that a dramatic over-performance in the Jan-Aug 2018 period. Specifically, the finance minister said…

Greek state posts 2.087 bln€ over Jan-Jun 2018 period
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Greek state posts 2.087 bln€ over Jan-Jun 2018 period

Panos - Aug 16, 2018

The Greek state budget posted a primary budget surplus of 2.087 billion euros over the first seven months of 2018, exceeding the target (929 million euros) by…

Greek Bonds Rated ‘Investment’ Grade for First Time Since Crisis
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Greek Bonds Rated ‘Investment’ Grade for First Time Since Crisis

Panos - Jul 10, 2018

Standard & Poor’s have announced the upgrade of National Bank of Greece’s three-year covered bonds worth €750 million ($881 million) to the BBB- credit rating, four notches…

BoG report: Eurogroup decision offers opportunity for inclusion of Greek bonds in ECB’s QE program
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BoG report: Eurogroup decision offers opportunity for inclusion of Greek bonds in ECB’s QE program

Panos - Jul 02, 2018

The Bank of Greece's (BoG) first official reaction to last month's Eurogroup agreement - debt relief measures, the country's post-bailout supervision- came on Monday, echoing a view…

ELA ceiling for Greek banks reduced by 3.34 bln€
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ELA ceiling for Greek banks reduced by 3.34 bln€

Panos - May 11, 2018

According to the Bank of Greece the Governing Council of the ECB this week lowered the ELA-ceiling for Greek banks from 13.55 billion euros, in March 2018,…

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Greek economy: New deposits showcase that confidence is making a comeback

Panos - Dec 29, 2017

Greek Minister of Economy confirms opening of Melbourne office for…Eurogroup Greek economic turnaround continuesDeposit your budget for investment in the future Greece accelerates its efforts to attract…

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Emergency central bank funding to Greek banks drops by 2.9 billion euros

Panos - Dec 13, 2017

Emergency central bank funding to Greek lenders dropped by 2.9 billion euros (£2.5 billion), or 12.7 percent, in November compared to the previous month, Bank of Greece…

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Greek budget execution: July 2017 revenues lag behind target by 729 mln€

Panos - Aug 17, 2017

Figures released this week by the Greek finance ministry showed a significant lag in collected public revenues for last month, July 2017, compared with the target. Specifically,…

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Reuters: Greek credit contracts 1.6 pct y/y in May – central bank

Panos - Jul 10, 2017

ATHENS, July 10 Total credit in Greece's banking system contracted 1.6 percent year-on-year in May after a 1.6 percent decline in the previous month, Bank of Greece…

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ECB lowers ELA cap for Greek banks by 1.1 bln euros

Panos - Jun 09, 2017

The European Central Bank on Thursday lowered its Emergency Liquidity Assistance (ELA) cap on the amount that Greek banks can draw from the Bank of Greece (BoG)…

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BoG: Write-offs kept NPEs in check over Q1 2017; figure stands at 103.9 bln€

Panos - Jun 07, 2017

Barroso: Grexit not off the table yet; certain quarters in Europe would pay for Greece to leave EZ 06/06 22:32 EWG teleconference called off; 10 out of…

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BoG: Greek real estate values, leasing revenue imploded during crisis

Panos - Oct 21, 2016

Real estate values in Greece have imploded, with the value of residential apartments down 41.4 percent over 2006-2016 period, Bank of Greece (BoG) vice president Theodoros Mitrakos…

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Interest rates on loans, deposits mostly unchanged in May

Panos - Jul 05, 2016

The Bank of Greece on Tuesday announced that in May 2016, the overall weighted average interest rates on new deposits and loans remained almost unchanged. The interest…

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BoG: Primary surplus targets must be reduced to 2%

Panos - Jun 15, 2016

In its Monetary Policy Report for 2015-2016 that was submitted in Parliament on Wednesday morning, the Bank of Greece underlines the need to reduced the primary surplus…

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ECB lowers ELA to Greece ahead of Eurogroup

Panos - May 05, 2016

As Greece is preparing for another Eurogroup meeting on May, to discuss its economic programme review with EU Finance Ministers, the European Central Bank (ECB) has lowered…