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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
EconomyBankingin, with 277 million euros in Q3, from 729 million in 9M 2022. Asset quality The NPE ratio dropped to 5.5... at 242 percent. Net loans came to 35.82 billion euros. Eurosystem funding stayed at 5.5 billion...Piraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279
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Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009
EconomyMacroeconomyCredit movement in the Greek private sector gathered more pace in July, rising by 5.5 percent year.... The net lending flow was positive by 453 million in July, from over 2 billion euros in June.... The corporate lending balance’s net monthly flow was positive by 608 million euros in July, from 1.98 billion
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Turkey's new Libya MoU prompts swift reaction from Athens, which mulls further moves
PoliticsForeign Policyby Ankara. Last Monday, much to Greek frustration, Turkey and Libya signed a memorandum of understanding... and Abdul Hamid Dbeibah, the leader of one of two competing governments in divided Libya. He said... they infringed on Greek waters. “Turkey is seeking to take advantage of the turbulent situation in Libya
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Industrial production up by 5.5 pct in March
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 5.5 percent year-on-year (YoY) in March following a revised increase of 4.3 percent in February, Hellenic Statistical Authority (ELSTAT) data... and quarrying fell 1.1 percent, while the water supply index dipped 0.3 percent. According
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Ankara springs surprise on Athens with Libya maritime deal
PoliticsForeign PolicyJurisdictions Memorandum with Libya. The MoU was signed after Turkish President Recep Tayyip Erdogan held.... Additionally, Libya and Ankara argue that they have common sea borders, ignoring the island of Crete... the Turkish coastline of Marmaris-Fethiye-Kas and Libya’s coastline of Derna–Tobruk–Bordia. Whatever the deal
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Athens strives to build opposition to Turkey-Libya deal as France pledges support in East Med
PoliticsForeign Policyactivities in Libya and the broader Eastern Mediterranean. With this in mind, Foreign Minister Nikos... stance regarding the situation in Libya. On the one hand, Greece supports a political solution..., as a neighbouring country of Libya directly affected by developments there, and as a factor for stability
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Mitsotakis seeks Libya cooperation, keeps open mind on extending territorial waters
PoliticsForeign Policyto contest and challenge in practical terms Greek sovereign rights via the Libya-Turkey memorandum. Commenting on the attitude of Turkey and the memorandum with Libya, Mitsotakis announced the intention of Greece to approach Libya on a number of issues, including the beginning of talks
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Migration opens new front for government after Libya snub
PoliticsGreek Politicsat the border of Libya where it had arrived for talks on managing Mediterranean boat crossings. Plevris was part... managing migration flows to Europe from the breakaway region of eastern Libya. Scheduled talks... Libya stem the flows to ease pressure on the island of Crete, which has seen a steep increase
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Newsletter 114 - 07/04/2017
. Manufacturing PMI dropped by 1 point to 46.7 in March, almost offsetting the increase of 1.1... 2001 The employment balance remained positive in March, with net hirings jumping to 38,517 from... in February. The biggest contributor net hirings was accommodation (+11,898) ahead of the Easter period
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Athens formulates response to Turkey-Libya maritime deal it deems null and void
PoliticsForeign PolicyTurkey and the Tripoli-based Government of National Accord in Libya, which has rocked relations... to the agreement Turkey made with the Libyans. Ambassador expelled Athens has decided to expel Libya’s... Libya and Turkey. Mohamed Younis AB Menfi had 72 hours to leave the country, Greek Foreign Minister
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