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  1. Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
    Photo by MacroPolis

    EconomyBanking

    due to other income. Net interest income (NII) and operating expenses stayed broadly flat. Asset... flat QoQ at 436 million euros as the positive impact from the lower funding cost was outweighed

    19%

  2. Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
    Image via www.eurobank.gr

    EconomyBanking

    formation remained flat. In contrast, NPL formation stayed positive but substantially reduced, standing... expenses remained more or less flat at 223.2 million. On an aggregate basis, the figure fell by 2

    19%

  3. EU's temporary framework for state aid in response to Covid-19 outbreak

    Legal

    low premiums. In order to benefit from the framework, the guarantee must not exceed 90% (where losses... in order to curb harmful coronavirus crisis implications in society, limit the losses of jobs and incomes... and in order to ensure liquidity, the Greek State enables the affected companies to benefit from

    16%

  4. Under-fire PM pledges civil defence improvements following summer of destruction

    PoliticsGreek Politics

    euro per night to 6 euros, in order to raise some 300 million euros that would be set aside to boost... their expenses on the MyData platform in order for them to be eligible for tax calculations. The only... to be strong, allowing the measure to be brought in ahead of schedule. Law and order Mitsotakis also

    16%

  5. Marginal deposits outflow of 212 million euros in August

    EconomyMacroeconomy

    billion in August almost flat mom. It is also worth noting that total deposits – including euro

    15%

  6. 2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct

    EconomyMacroeconomy

    in 2014 from -7.0 percent in 2013). Note that nominal GDP is anticipated to remain almost flat yoy

    15%

  7. Greece's building activity continues its nosedive in July

    EconomyMacroeconomy

    Greek building activity (measured by the number of building permits) dropped 24.0 percent in July with the respective surface figure easing 8.6 percent, while volume remained flat year on year, according to the Hellenic Statistical Authority (ELSTAT). Moving to the aggregate figures, which strip

    15%

  8. Drop in Greek CPI decelerated to 1.1 pct in September

    EconomyMacroeconomy

    and 3.5 percent respectively, while clothing and footwear prices remained almost flat year on year

    15%

  9. For Stournaras, it's out of the frying pan and into the heating oil

    PoliticsGreek Politics

    flat rate corporate tax in Greece. This formed the basis of his economic plan before he was elected

    15%

  10. Unemployment creeps up to 27.6 pct in July; little tourism boost evident
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    from ELSTAT, even in non-seasonally adjusted terms the rate of unemployment remained flat

    15%