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  1. Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    . The bank noted that 4,664 property auctions had taken place in 2019 with a success rate of 28... loans disbursed in 2019 surpassed the initial target of 3.8 billion and had an average rate of 4.7

    6%

  2. Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
    Photo by MacroPolis

    Economy

    of debt, it carries concessional terms from the official sector: 95 pct of it is on fixed rate terms, mitigating any interest rate risks, and the average maturity that exceeds 20 years is amongst

    6%

  3. PMI crashed to 29.5 points in April during sharpest ever decline
    Image via www.titan.gr

    EconomyMacroeconomy

    . Suppliers also cut their prices, with cost burdens falling at the quickest rate for just over four years. Input buying fell at the fastest rate since July 2015 as demand for raw materials fell. Lead times

    6%

  4. Covid-19 lockdown, slump suppress electricity demand and edge out lignite
    Photo via PPC https://flic.kr/p/9qi65R

    EconomyFeatures

    fell at a slower rate of -6.9 percent. More striking still has been the effect of falling demand... a doubling in the rate of installation of photovoltaic and wind generators, a challenging target at a time

    6%

  5. Newsletter 253 -05/06/2020

    Newsletters

    at an almost negligible rate of 0.01 percent. Breaking down the components of imports in Q1, imports... closures seen in previous months, related to Covid-19. The rate of contraction was among

    6%

  6. OECD forecasts unemployment increase into 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    year. The rate of unemployment under the single hit scenario is projected to rise by 2.1 percentage points (pps) in 2020 and 0.4 pps next year. Under the double hit scenario, the unemployment rate

    6%

  7. New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in March. The IAPR noted that the VAT collectability rate, income tax collectability rate and ENFIA payment

    6%

  8. Govt, experts sound alarm over risk of Covid-19 control being lost

    PoliticsGreek Politics

    are currently intubated in ICUs. The public health authority EODY announced that the rate of new... of hand” if measures are not adhered to. Tsiodras noted that the infection rate R has increased to 1

    6%

  9. Newsletter 263 -11/09/2020

    Newsletters

    ) unemployment rate came to 18.3 percent in June from an upward revised figure of 17.3 percent in May, Hellenic... by 0.6 percent The CPI remains at its lowest rate since July 2015 when it fell by -2.2 percent. Greece

    6%

  10. Defence spending, economic support plans dominate PM's policy speech

    PoliticsGreek Politics

    at a time when there is uncertainty in the labour market and the unemployment rate is climbing again... (with the fourth round in November totalling 600 mln euros); and keeping the reduced VAT rate

    6%