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Unemployment rate falls to 19 pct in Q2
EconomyMacroeconomy-on-quarter, taking the figure to under 1 million for the first time since Q3 2017. This was combined with a rise of 136,635 in those employed, bringing the total to 3.9 million. The largest increase... declines. The number of long-term unemployed (over 1 year) declined for a sixth continuous quarter
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Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
EconomyMacroeconomyarrivals, coming to a total of 6.1 million visitors for the month, although the average expenditure per... from Russia fell sharply by 32.2 percent to 96,700. In total, arrivals from the EU 28 countries rose... percent YoY to 10.35 billion euros. Average expenditure per trip edged down by 1 euro, or 0.2 percent
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Unemployment rate declines to 18.3 pct in Q3
EconomyMacroeconomy-on-quarter, keeping the figure under 1 million for a second consecutive month, and coming to around 871,800. This was combined with a rise of around 33,800 in those employed, bringing the total to 3.9...) rose slightly to 20.6 percent in Q3 from 20.3 percent in Q2. The number of long-term unemployed (over 1
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Unemployment rate inches up to 18.7 pct in Q4
EconomyMacroeconomy9,300 quarter-on-quarter. The number of unemployed came to around 881,100 in Q4, staying below the 1... in those employed, bringing the total to 3.8 million. The largest increase in employment in Q4 compared... percent in Q4, unchanged from Q3. The number of long-term unemployed (over 1 year) declined
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A snapshot of the Greek economy
Agora) exceeded a total of 11.8 billion, driving down the interest rate to 3.9 percent from the initial 4.125... Inflation: Eurostat announced that the inflation rate (Harmonised Index of Consumer Prices[1]) came... of total credit extended to the economy stood at -1.4 percent from -1.3 percent in the previous month
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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicsmore than 1 million euros are less than 15,000 of 7.3 million taxpayers in total and that their tax relief will be 22 million euros out of a total 465 million euros. He argued that 67 percent of the total reduction would be enjoyed by those owning properties worth less than 200,000 euros. Staikouras
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter, falling by 1.4 billion euros QoQ. This was driven by sales of NPE portfolios totalling 1.... The negative formation in Q2 came to 1.36 billion euros, which includes 1 billion euros from the ‘Mirror... percent in Q2 from 71 percent in Q1. The total Greek deposit yield stood at 37 bps in Q2, down from
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingand the tightening of sovereign bond yields. The movement in Q3 originates from negative formation of 1 billion... at under 1 billion by 2022. Regarding NPL sales, the bank highlighted upcoming sales expected to take place.... The total Greek deposit yield stood at 37 bps in Q3, unchanged QoQ, while the loan yield came to 366 bps
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking-provision profit (PPI) rose by 1 percent quarter-on-quarter (QoQ) to 209.9 million euros. In 9M, PPI... around 700 million euros. In Q3, a total of 1,970 property auctions were noted with 27 percent..., with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 9.8 billion
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingin the first half of 2019 stood at around 8 billion euros and catering came to around 1 billion euros... billion euros combined in hospitality and real estate out of a total of 29.6 billion in loans for 2019. From the total, 14.7 billion euros were considered performing, of which 2.2 billion euros were
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