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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingone-off items, specifically the bank’s voluntary retirement scheme, PPI rose by 15 percent QoQ. PPI.... Excluding one-off items, PPI for the same quarter last year was 209 million euros. Net interest income... to Greek corporates (1.8 billion), SMEs (650 million euros) and retail (450 million). Subsequently
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PM increases coronavirus support package to 10 bln, while sounding dire warning to public
PoliticsGreek Politicslaid off since the beginning of March. Opposition parties have also been sounding the alarm about... and all year-end exams to be called off. The teachers claim that while the Education Ministry has... to the internet from home. Around 78.5 percent of Greek households have broadband connections
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Industrial production up by 0.5 pct in Jan, electricity supply drops
EconomyMacroeconomyManufacturing PMI remained in contraction at the start of 2023 at 49.2 points, eased off though from... at 49.2 points, eased off though from the 47.2 points of December, according to S&P Global data... of the Greek manufacturing sector, though S&P notes that the deterioration in January was only marginal
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Newsletter 447 - 17/01/2025
off any announcement pending Mitsotakis’s decision. The social democrats wanted to see first... of Sakellaropoulou, outside of the sphere of politics. Ultranationalist Greek Solution leader Kyriakos Velopoulos.... This is a similar strategy to the one that paid off last year. The markets’ view on Greece’s debt and fiscal
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MEP Androulakis takes first round in KINAL leadership vote after notable turnout
PoliticsGreek Politicsthe leadership of KINAL in a run-off ballot next Sunday after an impressive turnout in the first round..., in November 2017, which led to Fofi Gennimata and Androulakis going into a run-off vote. Given... a key player in Greek politics as part of her legacy. While emotions were high, it is also the case
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As Greek leaders mull position on refugee crisis, EC sets out timetable of targets
PoliticsForeign PolicyGreek political leaders were locked in lengthy talks on Friday as they tried to form a common... to reducing the flow of migrants arriving in Greece. Also, Greek officials are due to take party... that regardless of what is agreed on Monday, the Greek government has its work cut out to convince its
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How Greek banks moved into a new era
AgoraThe core Greek banks reported first quarter (Q1) results in the last three days of May. The release of the results was the last act in a series of important developments for the Greek banking market over the past two months. These developments constitute the third phase of the new era for Greek
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How Greek banks were left on the brink
AgoraAlmost a year ago, Greek banks successfully raised 8.3 billion euros in capital increases, which.... Liquidity The first negative impact that Greek banks felt since December concerned their liquidity...) to lift the waiver for Greek government securities, previously used for ECB funding purposes, led
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Greek-Albanian relations take a hit over arrest of ethnic minority politician
PoliticsForeign PolicyThe detention of a mayoral candidate from the Greek ethnic minority in Albania has raised tension... largely inhabited by the Greek minority community, trouble started on Friday. Fredi Beleri, a running candidate for mayor with a Greek minority party aligned with an opposition coalition, was arrested
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Buoyed by troika deal, Greece aims for rapid return to bond markets
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
EconomyAfter announcing on Tuesday that Greece and the troika had concluded the latest review of the Greek... parliamentary elections. It would be the first placement since the beginning of the Greek crisis when Greece... 2010. The government hopes that a successful bond auction would send a positive signal beyond Greek
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