Eurozone crisis
Gov’t plans early repayment of eurozone bailout loans this year
The government plans an early repayment of up to €5 billion of bailout loans to eurozone countries this year, two government officials told Reuters on Tuesday.
The eurozone and the International Monetary Fund (IMF) lent Greece about €280 billion during the crisis on the condition that it impose tough austerity measures.
Times: How Greece got back on its feet again after ten years of crisis – Prospects are promising
Unemployment, which reached historic highs of 27.2% in 2013, has now fallen to 10%, while the non-performing loan rate in Greek banks has dropped to 7%
What does the upgrade by Standard & Poor's to a positive outlook for Greek sovereign debt mean
Below 120% of GDP debt by 2027 - Praises to government for progress
Private sector’s external debt declines
The Turkish private sector's total outstanding loans received from abroad declined by $394 million from the end of 2023 to stand at $163.4 billion as of February, the data from the Central Bank have shown.
- Read more about Private sector’s external debt declines
- Log in to post comments
Fiscal benefit 2% of GDP for Greece, but stricter rules
New EU fiscal rules are set to bring about greater relief for Greece but will also demand increased efforts, according to Hungarian economist Zsolt Darvas.
Bulgaria's Housing Market Surges as Banks Inject Billions in Credit
Bulgarian banks have injected approximately 3.7 billion in additional credit resources into the housing market over the past year alone, with a staggering total of over 8 billion in the last three years, according to Lachezar Bogdanov, chief economist at the Institute for Market Economy, speaking on Nova TV.
European Central Bank to issue verdict on banks’ dividends
Greece's four major banks have until the end of the month to submit their capital plans for the next three years to the Single Supervisory Mechanism (SSM) of the European Central Bank, based on which the request for the distribution of 2023 dividends of 10-30% will be assessed.
Industrial production rises 1.1 percent in January
Industrial production increased by 1.1 percent in January from a year ago, according to the numbers of the Turkish Statistical Institute (TÜİK).
Mining and quarrying production rose by 4.9 percent, while the annual increase in the electricity, gas, steam and air conditioning supply was 8.4 percent, TÜİK said on March 12.
- Read more about Industrial production rises 1.1 percent in January
- Log in to post comments
Bulgaria and EU Witness Retail Sales Surge in January
Recent data from Eurostat reveals a slight uptick in retail sales across the Eurozone and the European Union in January 2024, marking a recovery from the previous month's decline.
Double interest rate margin
The fact that the interest rate margin in Greece has been double the European average supports the high profitability of the country's four systemic banks, which in the first nine months of 2023 amounted to 2.8 billion euros out of a total of €131.1 billion which was the total profitability of the 109 systemic banks supervised by the Single Supervisory Mechanism (SSM) of the European Central Ba
- Read more about Double interest rate margin
- Log in to post comments