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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingin June outperforming target by 300 million, while a drop of another 1.2 billion should be achieved...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income... from the March figure. Alpha noted that the post-June drop in Eurosystem funding was driven by repo
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyreduced by 2.3 percentage points (pp) on the back of a drop in the number of unemployed by 115,943... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish.... The unemployment rate for men fell to 17.9 percent, a decline of by 1.9 pp year-on-year. The largest drop
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomyThe drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data... annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop of -10.9
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Newsletter 140 -17/11/2017
in August, falling at a greater rate than the drop of 2.4 percent seen in August, Hellenic Statistical... to pose a challenge on several fronts. The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomya drop of 0.1 percent in the previous quarter. The Q3 headline figure is the first back-to-back... consumption is seen rising by 0.2 percent. Investments Gross capital formation recorded a drop of 8.9 percent QoQ following a downwards revised drop of 15.4 percent in the previous quarter. Gross capital
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Newsletter 143
by 0.3 percent QoQ, following a drop of 0.1 percent in Q2. The headline figure is the first back... percent YoY. Investments recorded a drop of 8.9 percent QoQ following a downwards revised drop of 15.4
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Turnover in services sector shows mixed picture in Q3 2017
EconomyMacroeconomyshowed on Friday. Specifically, six of the 15 services posted a drop in the current quarter, the same... the last five years, the figures revealed that the largest drop since Q3 2012 came from services... that the index declined by 0.8 points to 13.6, the second consecutive drop. In the year to date
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Building activity increases by 16.4 pct in October
EconomyMacroeconomyMacedonia (+43.1 percent) and Epirus (+40 percent). A drop of 23.1 percent was noted in eastern... percent drop in apartment prices year-on-year in the third quarter of 2017. This followed a drop of 1.1
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Stress test assumptions cause few concerns for Greek banks
EconomyBanking, residential real estate values will drop marginally by 0.5 percent this year and grow by 1 percent... scenario, GDP is assumed to drop by 1.3 percent in 2018, 2.1 percent in 2019 and grow by 0.2 percent... and commercial properties are severely stressed, with home prices assumed to drop by 17.4 percent from
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeatureswas a roughly 25 percent rise in unemployment in tandem with a 27 percent drop in GDP. The study, titled... due to a cumulative 21.8 percent drop in wages across the six years, but also due to an increase... by more than a third, the drop in the price index did not exceed 2.7 percent. In the wider manufacturing
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