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Athens wary of implications from Erdogan's cancelled trip to Washington
PoliticsForeign Policy“the butcher of Gaza” and asserted that “we won’t be among those who falsely accuse Hamas of being... can’t do it,” Mitsotakis told Skai TV, referring to pressure he received from other leaders. “Greece
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Post Office branch closures spark internal revolt in ND as voter scepticism grows
PoliticsGreek Politics. “The country isn’t a corporation,” said Katsaniotis, echoing concerns that rural communities are being left... society directly: “It won’t be a conference of internal balances - it will be a conference of society
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Greek deposits up 0.6 pct to 164.23 bln in August, which sees year's highest inflows
EconomyMacroeconomyfrom 0.5 percent in July. After marginal outflows in July, the monthly net flow turned positive in August with inflows at 892 million euros, which is the highest monthly reading in 2014. August net... displayed a positive flow within the same month. Following August net additions, the year to date
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingAlpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13... in Q2. The QoQ improvement mainly reflects increased net interest income (NII). Higher NII, up 2.3... the previous year. The net interest margin (NIM) remained almost flat at 2.7 percent QoQ, reflecting a loan
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Income inequality in Greece has grown during crisis, OECD report shows
Societythe average household lost over 8 percent of its real net income annually, well above Spain, Ireland... hold. Reflecting this fall income and the lack of a social net, the crisis period also saw a marked... similar to that for jobless households (based on their net income). It says a possible reason
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Even week for Greek stocks but trading thins out
Economy-quarter (Q2) financial results on that day. Aegean Airlines’s net profit came in at 23.1 million... financial expenses resulted in net losses of 20.2 million from 36.6 million last year. Terna Energy posted net losses of 0.9 million in Q2 from 1.2 million last year with turnover rising by a double-digit
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economyin investments by an estimated 12 percent, while the net job increase reinforces expectations that unemployment... contributed to financial stability. Net general government (gg) debt is estimated to significantly... of GDP. However, from 2017 onwards, S&P forecasts notable decrease in net gg debt to GDP subject
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Amid protests, coalition ponders tweaks to pension plan
EconomyProgrammealmost triple from 6-7 percent to 20 percent, while the tax rate on their net income is due... percent of farmers declare annual net income (revenues, excluding subsidies up to 12,000 euros... called for the contributions made by the self-employed to be linked to their net income compared
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economynew social security contributions, starting from 50 percent for annual net income up to 10,000 euros... to data provided by the Labour Ministry, self-employed with annual net income below 10,000 euros... rise of 0.2 percent and lawyers a 10.1 percent rise in their disposable income. For higher net
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingFollowing Eurobank, Alpha also reported net loss of 533.1 million euros in the fourth quarter (Q4...). For the whole of 2015, Alpha recorded net loss of 1.37 billion euros from 329.8 million in 2014. Excluding... showed net interest income (NII) eased 0.4 percent QoQ to 486.5 million euros, while fee income
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