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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingto 77.5 million. This primarily reflects lower contributions from asset management and loan commissions that were highly impacted by lower volume of transactions and issuance of bond loans due... the repo portfolio while increasing ECB financing and benefit from the significantly lower funding terms
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyin private consumption, lower investments and a sharp drop in exports that impacted the trade deficit despite that being partially offset by lower imports. The drop in investment was led by a sharp... with the pandemic. More specifically, tax revenues are lower by 3.54 billion and non-tax revenues have
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Budget primary confirmed at deficit of 5.48 bln in August
EconomyMacroeconomy, 2.40 billion euros lower than the target of 32.46 billion euros. The MoF said that this was due... billion euros, lower than the target by 1.90 billion or 5.4 percent. On an aggregate basis, tax revenues came to 27 billion euros, missing the target by 3.65 billion euros lower or 11.9 percent. The MoF
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomywill grow by 18 pct. Government spending will get reined in by being lower 1.8 pct. Employment will grow by more than 5 pct, leading to a lower unemployment rate of 16.5 pct, while price rises will resume... billion this year to 63.88 billion in 2021, largely due to significantly lower transfers by 6
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Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
EconomyMacroeconomythat their turnover will be lower than that for 2019 by an average of 13 percent. EBITDA is expected to be 14 percent lower, and liquidity 15 percent lower. Once again, tourism expects the sharpest decline
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Newest Greek market foray for 10-yr bond breaks two records
EconomyMacroeconomywas officially opened with a guidance of mid-swaps plus 105 basis points, 5 basis points lower than... even lower by 5 basis points to 100 basis points. At the close, offers exceeded 29 billion euros... market foray at the end of last year for a 15-year re-open, fund managers are lower from the 61 pct
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Labour market developments in Greece during Covid-19
Agorato bringing unemployment down. Participation. One cause of lower unemployment, besides new GDP... learn from these observations? For now, we have two sources of lower unemployment... participation, and wage demands should be moderate until unemployment falls to much lower levels. Tri
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Productivity developments in the Greek public and private sector
Agorasector is lower than productivity growth in the private sector. This blog aims to fill this gap in our... are shown by the lower dotted line. Whole economy productivity levels are closer to the private than... is that the Greek government clearly has much lower productivity performance than the private sector
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Budget primary shows deficit of 9.08 bln in July, beating revised target despite revenue shortfall
EconomyMacroeconomybillion euros which was 738 million euros lower than its monthly target. State budget total revenues stood at 29.4 billion euros for the first seven months, lower than the target by 666 million euros... execution bulletin due on August 25. Tax refunds came to 2.49 billion euros, lower than the target by 15
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Budget primary confirms deficit of 9.06 bln in July, beating target
EconomyMacroeconomyeuros which was 723 million euros lower than its monthly target. State budget total revenues stood at 29.5 billion euros for the first seven months, lower than the target by 651 million euros, or 2.2 percent. Tax refunds came to 2.49 billion euros, lower than the target by 15 million euros. Broken
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