Archive for the ‘Country Profiles’ Category

Greece: 3rd Economic Adjustment Programme.

Greece: 3rd Economic Adjustment Programme.
Global Economic & Market Outlook- Focus Notes (13 October, 2017) Greece: 3rd Economic Adjustment Programme. Progress and short-term outlook The present report summarises the latest developments in the implementation of the 3rd Economic Adjustment Programme for Greece and provides an overview of...
October 13th, 2017 | Country Profiles, Markets, Reports, Statistics | Read More

Greece: January – August 2017 State Budget Execution…

Greece: January – August 2017 State Budget Execution…
Global Economic & Market Outlook – Focus Notes (Monday, October 9 2017) Greece: January – August 2017 State Budget Execution, General Government Arrears & 2018 Draft Budget According to the final State Budget Execution data for January – August 2017, the budget balance recorded a deficit...
October 9th, 2017 | Company Profiles, Country Profiles, Person Profiles, Reports | Read More

From a vicious to a virtuous cycle? Turning Greece into an attractive investment destination…

From a vicious to a virtuous cycle? Turning Greece into an attractive investment destination…
Eurobank Economy & Markets  From a vicious to a virtuous cycle? ‘Turning Greece into an attractive investment destination: Opportunities and Challenges’   Co-authored by: Nikolaos Karamouzis, Chairman of Eurobank Ergasias S.A.  & Chairman of the Hellenic Bank Association Dr. Platon Monokroussos, Group...
September 27th, 2017 | Banking, Country Profiles, Finance, Markets, News, Reports | Read More

CYPRUS – S&P sovereign review: outlook changed to positive

CYPRUS – S&P sovereign review: outlook changed to positive
Regional Economics & Market Strategy Focus Note CYPRUS – S&P sovereign review: outlook changed to positive (Monday, September 18, 2017) On September 15th , in line with expectations, S&P affirmed the long-term sovereign rating of Cyprus at BB+ but at the same time it changed the outlook...
September 18th, 2017 | Banking, Country Profiles, Finance, Markets, News | Read More

Global Economic & Market Outlook – Focus Notes (Friday, September 8 2017)

Global Economic & Market Outlook – Focus Notes (Friday, September 8 2017)
Greece: January – July 2017 State Budget Execution & July 2017 General Government Arrears According to the final State Budget Execution data for January – July 2017, the budget balance recorded a deficit of ca €1.35 bn, ca €0.93 bn narrower relatively to the respective Medium Term 2018-21...
September 8th, 2017 | Banking, Country Profiles, Finance, Markets, News, Politics and Government, Shipfinance, Statistics, Stock Markets | Read More

Economic & Market Outlook – Focus Notes (Tuesday, August 8 2017)

Economic & Market Outlook – Focus Notes (Tuesday, August 8 2017)
Greece’s parliament building Global Economic & Market Outlook – Focus Notes (Tuesday, August 8 2017) Greece: January – June 2017 State Budget Execution & June 2017 General Government Arrears According to the final State Budget Execution data for January – June 2017, the budget...
August 8th, 2017 | Banking, Country Profiles, Finance, News, Politics and Government, Reports, Shipfinance | Read More

The determinants of euro area sovereign bond yield spreads & a valuation framework for Greek government bonds

The determinants of euro area sovereign bond yield spreads & a valuation framework for Greek government bonds
Greece Macro Monitor (24 July 2017)  The determinants of euro area sovereign bond yield spreads & a valuation framework for Greek government bonds Summary of views & key findings In this paper we present the results of an empirical study on the determinants of the sovereign bond yield spreads...
July 24th, 2017 | Country Profiles, News | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, July 18, 2017)

Daily Overview of Global Markets & the SEE Region (Tuesday, July 18, 2017)
Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Global equity markets retreated from recent highs in European trade on Tuesday, USD extended its recent losses and US government bond yields remained...
July 18th, 2017 | Banking, Company Profiles, Country Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets | Read More

Can there be a “Free Lunch” for Greece?

Can there be a “Free Lunch” for Greece?
Greece Macro Monitor (12 July 2017)  Fiscal policy relaxation in a depressed economy  – Can there be a “Free Lunch” for Greece? This study leans on the literature on regime-dependent fiscal multipliers and the existence of hysteresis effects to demonstrate that, under certain conditions,...
July 12th, 2017 | Banking, Country Profiles, Finance, News, Reports | Read More

Greece: January – May 2017 State Budget Execution & May 2017 General Government Arrears

Greece: January – May 2017 State Budget Execution & May 2017 General Government Arrears
Global Economic & Market Outlook – Focus Notes (Wednesday , July 5 2017) Greece: January – May 2017 State Budget Execution & May 2017 General Government Arrears According to the final State Budget Execution data for January – May 2017, the budget balance recorded a deficit of ca €1.24...
July 6th, 2017 | Banking, Company Profiles, Country Profiles, Markets, Reports, Statistics, Stock Markets, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Friday, June 23, 2017)

Daily Overview of Global Markets & the SEE Region (Friday, June 23, 2017)
Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Oil prices pulled further away from this week’s multi-month low although market sentiment remained fragile amid prevailing supply jitters. In reaction to higher...
June 23rd, 2017 | Banking, Company Profiles, Country Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets | Read More

A quantitative assessment of the June 15 Eurogroup agreement on Greece

A quantitative assessment of the June 15 Eurogroup agreement on Greece
Greece Macro Monitor (22 June 2017)  A quantitative assessment of the agreement on Greece reached at the Eurogroup of 15 June 2017 Summary of views & key findings This study attempts a quantitative assessment of the decisions made for Greece at the Eurogroup of 15 June 2017, with particular emphasis...
June 22nd, 2017 | Banking, Country Profiles, Finance, Markets, Reports | Read More

Greece: Jan – Apr 2017 State Budget Execution & April 2017…

Greece: Jan – Apr 2017 State Budget Execution & April 2017…
Global Economic & Market Outlook – Focus Notes (Tuesday, June 6 2017) Greece: January – April 2017 State Budget Execution & April 2017 General Government Arrears According to the final State Budget Execution data for January – April 2017, the budget balance recorded a deficit of ca...
June 6th, 2017 | Country Profiles, Markets, Politics and Government, Reports | Read More

How far apart are the official creditors in their positions towards Greek public debt?

How far apart are the official creditors in their positions towards Greek public debt?
Greece Macro Monitor (30 May 2017) How far apart are the official creditors in their positions towards Greek public debt? Summary of views & key findings The study presented herein constitutes an update of a relevant analysis we presented in “Greece: How much relief is actually needed to restore...
May 30th, 2017 | Banking, Company Profiles, Country Profiles, Finance, Insight, Markets, News, Person Profiles, Reports, Statistics, Stock Markets | Read More

The BDI@956 struggles to survive; Geopolitics too…

The BDI@956 struggles to survive; Geopolitics too…
John Faraclas The BDI (Baltic Dry Index) lost just one point today –  “thanks” to the Capers, and now reads 956 points; on a weekly basis though it lost 58 points since last week’s 1.014. CAUTION as geopolitics can be very explosive and in …return damage the markets further. John Faraclas’...
May 19th, 2017 | Chartering, Conferences, Seminars, Forums, Country Profiles, Dry Bulkcarriers, Events, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, May 16, 2017)

Daily Overview of Global Markets & the SEE Region (Tuesday, May 16, 2017)
Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The USD was weaker across the board in European trade weighed down by a dovish shift in short-term Fed rate hike expectations following disappointing...
May 16th, 2017 | Banking, Company Profiles, Country Profiles, Finance, Markets, News, Person Profiles, Reports, Statistics, Stock Markets | Read More

Greece: How much relief is actually needed to restore public debt sustainability

Greece: How much relief is actually needed to restore public debt sustainability
Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., Greece Macro Monitor (4 May 2017) How much relief is actually needed to restore public debt sustainability Summary of views Contrasting the views of the IMF and the EU institutions on Greek public debt Sustainability...
May 4th, 2017 | Country Profiles, Reports | Read More

Daily Overview of Global Markets & The SEE Region (Tuesday, April 18, 2017)

Daily Overview of Global Markets & The SEE Region (Tuesday, April 18, 2017)
Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: While major Asian shares traded mixed on Tuesday, equity markets in Japan closed in the black following US Treasury Secretary Steven Mnuchin’s comments...
April 18th, 2017 | Banking, Company Profiles, Country Profiles, Finance, Markets, News, Person Profiles, Reports, Statistics, Stock Markets | Read More

Greece – Expenditure on social protection and pensions

Greece – Expenditure on social protection and pensions
Greece Macro Monitor (21.03.2017) Greece – Expenditure on social protection and pensions: How generous is it by international standards and relative to the rest of the EU? 1. For a couple of decades before the outbreak of the Greek sovereign debt crisis, Greece’s pension expenditure recorded...
March 21st, 2017 | Country Profiles, Reports | Read More

Geopolitical chaos and Capers’ volatility cannot guarantee positive expectations

Geopolitical chaos and Capers’ volatility cannot guarantee positive expectations
John Faraclas The BDI (Baltic Dry Index) closed up 19 points at 1,064; the geopolitical chaos in all fronts creates more upheaval. John Faraclas’ daily briefing: The Capers’ BCI 2014 gained 100 points, 78 points plus from yesterday’s rise – 22 points, and now reads 1,678! Despite this, owners...
March 9th, 2017 | Chartering, Conferences, Seminars, Forums, Containers, Country Profiles, Cruise Ferry, Cruise Industry, LNG, LPG, Markets, News, Ro-Ro and Passenger Ferries, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Moore Stephens says UK Budget is neutral for shipping and good for offshore

Moore Stephens says UK Budget is neutral for shipping and good for offshore
International accountant and shipping adviser Moore Stephens says the UK Budget 2017 contained no unwelcome surprises for the shipping industry, and some good news for the offshore sector. Moore Stephens tax partner Sue Bill says, “There are new rules, already announced, that will affect the deductions...
March 8th, 2017 | Country Profiles, News, Politics and Government | Read More

Greece’s provisional GDP data for Q4 2016 – Quick take (March 06, 2017)

Greece’s provisional GDP data for Q4 2016 – Quick take (March 06, 2017)
Greece’s provisional GDP data for Q4 2016 – Quick take (March 06, 2017) Q4 real GDP growth (chain linked, s.a.): revised to -1.2% QoQ/-1.1% YoY from -0.4% QoQ/+0.3% YoY reported initially (Q4 GDP flash estimate). 2016 real GDP growth (n.s.a.): 0.0% vs. +0.3% signaled by the Q4 GDP flash estimate. Carry-over...
March 6th, 2017 | Country Profiles, Reports | Read More

Greece: 2017 Economic Outlook (March 1, 2017)

Greece: 2017 Economic Outlook (March 1, 2017)
Greece Macro Monitor (March 1, 2017) Greece: 2017 Economic Outlook Greece’s real GDP came in at -0.4% QoQ / +0.3% YoY in Q4-16 (quarterly national accounts, flash estimate), interrupting two consecutive quarters of positive QoQ growth (Q3: 0.9%; Q2: 0.3%). For the full-year, real output grew by 0.3%,...
March 1st, 2017 | Banking, Country Profiles, Finance, Insight, News, Reports | Read More

Regional Economics and Market Strategy Monthly (Friday, February 17, 2017)

Regional Economics and Market Strategy Monthly (Friday, February 17, 2017)
Risk-on mood supports regional assets in early 2017 REGIONAL MACROECONOMIC & MARKET DEVELOPMENTS & OUTLOOK Q4-2016 flash GDP estimates confirm that the economies of the region are in good shape Private consumption in the driver’s seat on improved sentiment, rising real wages, firmer labor...
February 17th, 2017 | Banking, Country Profiles, Finance, Reports | Read More

Greek national accounts for Q4 2016 (flash estimates)

Greek national accounts for Q4 2016 (flash estimates)
Piraeus Akti Miaouli Global Economic & Market Outlook- Focus Notes (February 14, 2017)  Greek national accounts for Q4 2016 (flash estimates) Real GDP -0.4 QoQ% / +0.3 YoY% in Q4 Full year growth +0.3% vs -0.3% 2017 state budget estimate The Hellenic Statistical Authority (ELSTAT) published earlier...
February 14th, 2017 | Banking, Country Profiles, Finance, Markets, Reports, Statistics | Read More