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  1. Increase of 11 pct in minimum wage to have knock-on effect in economy
    Photo by MacroPolis

    Economy

    minimum wage of 650 euros gross translates into 546 euros net pay and is almost 64 euros higher... will be reduced. Labour and workers associations have cautioned that the net wage increase might be wiped out

    5%

  2. BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    to a special purpose vehicle at their net book value. This will prevent banks making a loss, although.... This effectively allows the DTCs to act as a buffer for the difference between the net book value

    5%

  3. Budget primary balance at 823 mln in Feb, beating target with help of higher revenues
    Photo by MacroPolis

    EconomyMacroeconomy

    the target of 9.53 billion euros. State budget net revenues came to 7.83 billion euros, bettering... net revenues came to 3.72 billion euros, beating the monthly target by 369 million euros

    5%

  4. Central bank points out signs of recovery in business lending
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    million euros. A notable development is that although the net flow of loans, which includes.... On a cumulative basis, both gross and net loans over the last two years show a marked improvement since

    5%

  5. Budget primary surplus at 1.46 bln in Mar, beating target by 2.42 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    euros. Net revenues came to 12 billion euros, above target by 1.35 billion euros. The monthly primary...-month figure shows a decline of 14.7 percent. Overall, net revenues amounted to 12 billion euros

    5%

  6. S&P keeps rating at 'B+' and highlights obstacles to competitiveness

    Economy

    this year, aided by a recovery in nominal GDP, while the government's net debt-to-GDP trajectory... is recovering, which is also reflected on the gradual increase in net foreign direct investment (FDI), the key

    5%

  7. Primary surplus confirmed at 1.44 mln in Mar
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    euros. Net revenues came to 11.99 billion euros, above target by 1.33 billion euros. The monthly... figure shows a decline of 14.7 percent. Overall, net revenues amounted to 11.99 billion euros

    5%

  8. Budget primary surplus at 1.46 bln in Apr, above target by 2.13 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    euros. Net revenues came to 15.95 billion euros, above target by 1.31 billion euros. The monthly... of 12.3 percent. Overall, net revenues amounted to 15.95 billion euros in the aggregate period

    5%

  9. Deposits up by 1.54 bln in April, rising for second consecutive month
    Photo by MacroPolis

    EconomyMacroeconomy

    Net deposit movement in the Greek banking system turned positive by 1.54 billion in April after inflows of 1.22 billion euros in March, Bank of Greece (BoG) figures revealed. The current month’s flow marks two months of positive inflows after two months of outflows. It represents the highest net

    5%

  10. Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
    Image via www.piraeusbankgroup.com

    EconomyBanking

    ) results, Piraeus Bank posted net profits of 14 million euros from continued operations. NPEs fell... the bank noted would be leveraged for their upcoming initiatives. Net profits came to 19.7 million

    5%