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  1. Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
    Photo by MacroPolis

    EconomyBanking

    by December. Write-offs stood at around 500 million in Q4 and at 1.2 billion in 2016. During... Eurosystem funding was reduced by 2.9 billion QoQ to 20.9 billion at the end of December with ELA funding

    3%
  2. General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    that arrears had fallen by 1.49 billion within 2016 to 4.54 billion at the end of December following... was granted to Greece in December 2015 for the recapitalisation of National Bank, but mitigated

    3%
  3. Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017

    Agora

    supported by the seasonally high inflows in December. At the same time, reliance on Eurosystem funding dropped by 8.7 billion euros QoQ to 66.6 billion at the end of December, with Emergency Liquidity

    3%
  4. Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment stayed stable at 23.5 percent in January 2017 after an upward revision of the December figure, which was initially reported at 23.1 percent, Hellenic... percent in December on the back of a decline in the number of employed by 34,000, coupled

    3%
  5. Building activity increases for second straight month after 11.1 pct rise in Jan
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    Greek building permits increased for the second straight month in January but at the faster pace of 11.1 percent after a rise of 2.1 percent in December, Hellenic Statistical Authority (ELSTAT) data... exposures (NPEs) at the end of December, according to Bank of Greece. The most recent construction

    3%
  6. Deposit flow turned positive in March, with inflows of 278 million
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    . This was the first positive monthly flow since December. During the first quarter (Q1) of 2017, outflows stood... almost entirely because of the seasonally high inflows of 2.8 billion in December. The breakdown showed

    3%
  7. Credit contraction slows to 1.3 pct in March on net additions of 307 mln
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    of decline since July 2011. The net lending flow turned positive for the first time since December... to 104.8 billion at the end of December, while the NPE ratio also fell to 50 percent. The key driver

    3%
  8. Newsletter 120 - 26/05/2017

    Newsletters

    struggle for financing A total of 4.55 million euros in pensions were paid in December 2016... (IDIKA). The average main pension stood at 722 euros in December 2016, 1.1 percent above

    3%
  9. Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies

    Legal

    January 2014 to 31 December 2020) of 1.5 percent of the annual energy sales to final customers of all... December 2008 and have an impact on 2020 can also be taken into account for the attainment of the target

    3%
  10. Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    ) ratio edged up to 44.8 percent in December 2016 from 44.2 percent at the end of 2015 mainly...) NPEs widened further to 28.5 percent of total NPEs last December from 26.2 percent a year ago, while

    3%