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Turkey maintains maritime pressure as Athens and Ankara court Haftar
PoliticsForeign Policyas Chevron’s decision to submit a proposal for two blocks south of Crete despite the Turkey-Libya... spatial planning (MSF) last April, but since then is trying to leverage its footprint in Libya... the Turkish-Libyan memorandum. Belgacem Haftar, the son of Khalifa Haftar and director of Libya’s
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Athens presses Benghazi in bid to block ratification of Turkish–Libyan maritime pact
PoliticsForeign PolicyGerapetritis and Aguila Saleh, president of Libya’s Benghazi-based House of Representatives. The meeting formed part of Athens’ regular contacts with representatives of Libya’s de facto government... of Exclusive Economic Zones among Greece, Turkey, Libya, Egypt and Cyprus. During the meeting, Gerapetritis
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingPiraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1... an improvement of net interest income (NII) by 4.4 percent QoQ to 500.3 million. NII was bolstered by lower... with the respective average of 10.9 percent. Including the net impact of 1 billion euros from the capital
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingPiraeus Bank posted a net loss of 1.56 billion euros in the third quarter (Q3) of 2014 from... year on year (YoY) to 273 million. This reflects an improvement in the top line with net interest... quarter at 10 billion, while excluding EFSF bonds, the net Eurosystem utilisation reached at 5 percent
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingAlpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million... by a rise in operating expenses. Net interest income (NII) marginally grew by 0.1 percent QoQ to 483.4... lower lending spreads coupled with deleveraging. Net interest margin (NIM) slightly improved to 2.85
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBanking-quarter (Q3) results on the last day of November. The bank posted net profits of 41.1 million euros... turned positive, with net profits of 22 million from huge losses of 838.6 million.... During the conference call, the management said that out of the new entries worth 800 million in the net
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Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyThe employment balance remained positive in December 2016, with net hirings increasing to 11,132... posted net departures of 3,580. The biggest contributors to December net hirings were food services..., the highest net departures were recorded in the food industry (-1,475) and accommodation (-994). Overall
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomy. The study showed that the net financial wealth of Greek households increased by 30.4 percent between.... In the succeeding period until Q2 2012, Greek households’ net financial wealth tumbled by 65.3 percent... of the crisis (2008-2009) and slowed in the next three years (2010-2012). However, their net financial wealth
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingEurobank inaugurated the first-quarter (Q1) reporting period of Greek banks by announcing net... in collateral liquidation, compared to the initial plan. P&L Net interest income (NII) decreased by 1.9... of risk (provisions over net loans) of around 190 bps which was broadly stable over the last three
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Net job hirings reach new high of 89,534 in May, 5-month figure a record
EconomyMacroeconomyThe employment balance stayed positive in May 2017 with net hirings climbing by around 13,000... old group (+24,276). The biggest contributors to net hirings were accommodation (+42,871), food services (+19.952) and retail trade (+7,833). In contrast, the highest net departures of 8,238 were posted
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