Search
-
Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammethat is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied... in September. Of this total, 766 million euros of measures will be on the expenditure side. According
14% -
Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsthat Athens had succeeded in cancelling the 1 percent reduction in pension spending, which was due... of SYRIZA (30.5 percent vs 21.5 percent), which means the gap between the two has narrowed by just 1... grown by 1 point since the company’s last survey in July. The polling company also notes a slight
14% -
Athens poised to unveil new minimum wage as post-MoU review continues
EconomyProgramme, the IMF maintains its long standing position that growth will retract to just above 1 percent, when... will then be issued by Labour Minister Efi Achtsioglou so the new minimum wage can be implemented from February 1... people in total, receive monthly wages of less than 600 euros per month. The increase will also lead
14% -
BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankinginternal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1... will sell NPEs and will extend the equal amount in new credit, which suggests that their total credit... of NPEs between 1 and 10 percent brings relief of 500 million to 5.2 billion euros to the balance sheet
14% -
Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... for the Greek economy and now see it contracting by 1 to 8 pct this year. Capital Economics sees economic... expects a recover over the next two quarters of around 6.5 pct, leading to a total 8 pct recession
14% -
Eurobank net results show loss of 1.08 bln in 9M
EconomyBanking2019. P&L NII fell by 1 percent YoY to 1.02 billion in 9M, and fell by 5.2 percent QoQ to 331... euros. Greek deposits decreased by around 800 million QoQ to 33.5 billion, with total deposits... period from 87.3 percent in 9M 2019. Capital The phased-in Common Equity Tier 1 (CET1) ratio came
14% -
Turkey: Multiple policy challenges from all directions
Agorarolling average of new cases is now over 53,000; it was around 9,300 on 1 March when the government... recorded in the country. The number of deaths has also risen sharply, by almost 50% since 1 April... for the surge in infections, saying some 85% of total cases across the country are from the variant first
14% -
Eurobank posts Q1 net profit of 70 mln
EconomyBankingin interbank repos to 200 million. Deposits increased by a further 1 billion euros in Q1 to reach 48.3 billion euros. New loan disbursements exceeded 1 billion in Q1. Capital The Common Equity Tier 1 (CET1.... Total Capital Adequacy came to 15.5 percent. The fully loaded Basel III CET1 ratio came to 11.9
14% -
NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingin default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends... Net interest income (ΝΙΙ) rose 7 percent YoY to 591 million, also rising by 1 pct QoQ. Net fee... of the bank’s blended funding cost to nearly zero in H1 (1 bps), compared with 19 bps in the second quarter
14% -
Covid restrictions to be relaxed but public fixated on cost-of-living crisis
PoliticsGreek PoliticsPlevris announced that from May 1 vaccination certificates will not be needed for outdoor and indoor... to operate at full capacity. From June 1, masks will not have to be worn indoors, although there will be some... on Wednesday, taking the total since the pandemic began to 28,344. Instead, voters’ attention has
14%