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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomyis slightly lower than the 0.3 percent QoQ rebound reported in the flash estimates released on August 12..., which grew by 1 percent QoQ and by 7 percent YoY. In contrast, private consumption fell by 0.2 percent..., after a drop of 6.6 percent in Q1, and climbing by 7 percent YoY in Q2 from a 2.5 percent decline
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MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
Economyrevenues is seen at 12 and 7 percent respectively. On the fiscal front, the tax revenues from... signed the memorandum of understanding (MoU) for Hellenikon on June 7. The cash consideration... within 12 years. IOBE’s study reveals that the annual turnover that the use of the Hellenikon facilities
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankinga loss of 80 million euros compared to a net profit of 12 million in Q4 2017. Results for operations... through a combination of restructurings, curings, liquidations and collections (-7 billion euros... to 242 million versus 260 million for the same quarter last year, down by 7 percent. The cost-to-income
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingformation has declined. The bank reported that across the last 12 months, NPE reduction has come... last year, up by 7 percent. In H1, recurring operating expenses showed a decline of 4 percent... million in June, and was eliminated completely by July 12, 2018. Interbank repos came to 3.3
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Going for Growth: What next for Greece's economy and banks?
Agoraof firms at the top, particularly banks[7]. However, there are of course sources of optimism... management firms compared to over 1,000 for the UK and 120 for the fairer comparable of Malta[12.../articles/2015-07-07/greek-stock-market-suspended-for-two-more-days-amid-bank-closure [7] https
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Strong showing in local elections for ND as it targets majority in national vote
PoliticsGreek Politicspolitics and is destined to win the general elections that are due to take place on July 7. The one concern... one seat), SYRIZA will gain 74 seats, KINAL 23, KKE 16, Golden Dawn 15, Greek Solution 12 seats... seats, SYRIZA 77, KINAL 25, KKE 17, Golden Dawn 15 and Greek Solution 12. Venizelos The build-up
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingincome (PPI) declined by 12 percent quarter-on-quarter (QoQ) to 188 million. When excluding one-off... 248 bps in Q1. Net fee and commission income increased by 12 percent QoQ to 77 million. In H1... operating expenses stood at 476 million in H1, reflecting a fall of 7 percent YoY. The cost-to-income ratio
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBanking, with the UK leading the offers by 24 pct, followed by France at 17 pct. The US had 12 pct of the offers. Greek... with 7 pct. Fund managers once more took up the lion’s share with 61 pct, followed by banks with 17 pct... by fund managers at 59 pct and hedge funds at 8 pct. Greek participation came to 7 pct. Including
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Newest Greek market foray for 10-yr bond breaks two records
EconomyMacroeconomyfunds accounted for 7 pct of the offers and hedge funds were at 5 pct. Compared to the latest... allocation was led by the UK with 30 pct, followed by France with 12 pct and the Nordics with 11 pct. Greece represented 7 pct of the offers. The PDMA can take encouragement from this first issue of 2021
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Newsletter 282 -29/01/2021
for 7 pct of the offers and hedge funds were at 5 pct. Compared to the latest market foray... by the UK with 30 pct, followed by France with 12 pct and the Nordics with 11 pct. Greece represented 7 pct of the offers. The PDMA can take encouragement from this first issue of 2021 towards its debt
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