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Greece falls to 79 out of 190 economies in ease of doing business ranking
EconomyFeaturesof 31. The border compliance cost to export came to 300 US dollars versus an OECD average of 136.8. However, the cost to import stood at zero compared to an average of 98.1 US dollars. Enforcing... years in 2004 to 3.5 years in the current survey. The cost as a percent of the estate has remained
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Newsletter 241 - 28/02/2020
see New Democracy counting the political cost. Given that the conservatives were outspoken... cost of credit risk. This cost consequently restricts the net profit margin of banks.” The bank went
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingand 7 percent YoY. The cost-to-income ratio (excluding the pandemic-related trading impact) stood... to incorporate the worsening macro scenarios due to the pandemic. Cost of risk as a percentage of net loans stood at 260bps, of which 192bps related to underlying cost of risk and the remaining 68bps
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingQoQ. The cost to income in H1 stood at 49 percent versus 53 percent the same period last year... impairments were 142 million, and 146 million, respectively. Cost of risk as a percentage of net loans stood at 137 bps compared to 153 bps underlying cost of risk in the same quarter last year
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingaffected by the repricing of time deposits, improved funding mix and cost, as well as higher... fell by 4.1 percent YoY to 504.1 million, primarily as a result of reduced staff costs. The Cost... loans in H1 2020 with Covid-19 related provisions of 234 million. The cost of risk (CoR) stood at 2.6
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomy. The total cost is 24.16 billion euros, 21.47 billion of which is allocated to 2020. The actual cash impact... the solidarity levy for incomes in the private sector has a cost of 767 million. The programme that aims to create 100,000 new jobs via state subsidies will cost 302 billion euros, while the Bridge
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingthe lower wholesale funding and deposit cost. The Net Interest Margin (NIM) remained stable QoQ at 2.3.... As a result, the corresponding Cost to Income ratio declined to 53.9 percent versus 55.5 percent... million. The cost of risk (CoR) stood at 1.7 percent over net loans versus 2.6 percent
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PMI edges up to 46.9 points in December
EconomyMacroeconomythe depths of the pandemic in April. This led cost burdens to increase substantially..., especially steel, and greater transportation fees. Despite rising cost burdens, firms continued... concerns remained in the sector thanks to disrupted supply chains and higher cost burdens
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Pandemic raises economic pressure as govt hopes for imminent relief
PoliticsGreek PoliticsThe spread of Covid-19 in Greece, and the problems this is causing for the health system, shows no sign of abating, triggering growing concern about the financial cost of the crisis...-March, carry a cost of 1.2 billion euros and that a cost of 750 million euros should be added each
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Govt talks up benefits of pension reform as Delta variant concern grows
PoliticsGreek Politicsmedia reported on Friday, there will also be a considerable fiscal cost in transitioning form the current system to the new one. Actuarial studies have estimated it will cost 56 billion euros up...” cost of the reform, as well as the fact that large sums, possibly 2.5 billion euros
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