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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdown by sector, NPE formation fell into negative territory in Greece for all sectors except mortgages..., down by 190 bps QoQ, with the NPE coverage ratio standing at 44 percent and 45 percent, respectively. Non-performing loans (NPLs) came to 16.6 billion euros in Q4, down by 1.9 billion QoQ compared
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Travel balance records 127 mln surplus in Q1, much improved on last year
EconomyMacroeconomydown by 1.5 percent to 5.4 nights. Receipts Travel receipts in Q1 came to 554 million, as mentioned... from Russia fell by 34.1 percent to 9 million, while those from the USA were also down by 33.6 percent to 35 million. Reasons for travel Breaking revenues down by purpose of trip, the majority
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Coalition pledges to demolish illegal buildings following Mati fire
PoliticsGreek PoliticsTzanakopoulos announced on Tuesday that authorities intend to immediately begin the process of knocking down... 100 properties will be sent to the ministry next week and the structures would be knocked down... notoriously difficult for authorities to knock down illegal properties. For instance, it took almost two
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Newsletter 181 -2/11/2018
the idea was played down by much of the Greek media, which has focussed on the final decision most likely..., the government takes on the issue of church and state, though with a noticeably toned down rhetoric...), the Kyrgyz Republic (70) and Ukraine (71). The score for each country is broken down across 10 sub
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingdeclining by 39 percent to 513 million euros. Net interest income (NII) edged down slightly by 1 percent... the September 2015 peak, NPEs have fallen by 9.2 billion euros. The NPE ratio edged down to 54.1 percent... stock edged down to 17.1 billion from 17.8 billion in Q2, while the NPL ratio increased slightly
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBanking. On an aggregate basis, net profits in the first half (H1) came to 25.7 million euros, down by 27.8..., net results in this category came to 90.1 million euros, down by 20 percent compared to the figure...-on-quarter (QoQ) to 207.8 million euros. In H1, PPI stood at 398.6 million euros, down by 3.4 percent YoY
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Newsletter 219 -13/09/2019
8,500 euros, and the income tax rate for those earning less than 10,000 euros come down from 22 to 9... will be brought down from 10 to 5 percent. VAT on the construction of new buildings will be suspended... workers will be reduced from July 1 next year. Mitsotakis said the aim is to bring them down by 1
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Newsletter 227 -08/11/2019
noting that this is down 3.4 points since September, underlining that although the conservatives... average. Private spending remains subdued in the first half of 2019, down by 0.1 percent, however... fell by 22 million compared to August and came to 12.15 billion in September. 2 Unemployment edges down
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Industrial turnover drops by 7.4 pct in October
EconomyMacroeconomyGreece’s industrial turnover edged down sharply by 7.4 percent year-on-year (YoY) in October, from... and manufacturing down by 1.7 percent. In the non-domestic market, the drop in turnover was led by mining and quarrying at -24 percent and manufacturing down by 16 percent. For eurozone countries
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BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
Economysees a 0.3 percentage points slow down to 0.8 pct, and the UK is also seen down by 0.2 pct to 0.8 pct... slow down further by 0.6 to 1.4 percentage points. BoG argues that although the Greek economy... and services as global trade will slow down sentiment will deteriorate. Particularly, shipping will take
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