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Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
EconomyBankingeuros in Q4, a drop of 2.7 percent QoQ. Net fee and commission income rose by 18.7 percent YoY... at 876.1 million euros, up 3.7 percent QoQ at 225.5 million euros. This took the cost-to-income... average net loans - was 111 bps, compared with 152 bps in 2020. Balance sheet Eurosystem funding moved up
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economycloser to investment grade, up to BB (high) with a stable outlook. S&P had also upgraded Greece by one... have managed to drop the NPE ratio down to 13 pct of the total stock of last year’s loans... of significant deficits and pushed up the debt-to-GDP ratio to above 200 pct, S&P now sees the Greek
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Growth in building permits rises to 13.7 pct for Feb after slow start
EconomyMacroeconomyThe growth in building permits picked up pace again in February, with total permits rising by 13.7... was recorded in Epirus with a drop of 34.8 percent. In general, the annual fluctuations are affected... with 23. During the first two months of 2022, permits are up by 9.2 percent to 3,344
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CPI leaps by 11.3 pct in May as food and energy prices rise
EconomyMacroeconomyby a drop of 2.5 percent in communication. Reflecting the impact of the energy crisis, electricity was up 80.2 percent annually and natural gas shot up by 172.7 percent. Heating oil also moved strongly... was up by 28.6 percent.
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Energy products drive import price to second highest ever growth of 37.3 pct in May
EconomyMacroeconomyrises of 180.5 percent YoY, followed by manufacture of refined oil products up by 104.5 percent... by ELSTAT last week captured the highest price rise since the early 90s, up by 12.1 percent in June. The latest producer price in industry for May shot up by 43 percent, although it had the first month
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Despite seasonal recruitment in accommodation and catering, hiring balance slows to 2,999 in July
EconomyMacroeconomy, suggesting a drop of 21,396 jobs. This is partly attributed to the delay in hires last year..., with the remaining classed as layoffs. Layoffs are up by 8.5 percent compared to last year, as all..., while departures are up by 6,932. The proportion of hirings for full-time work came to 48 percent. Part
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomy, while government spending will drop by 1.5 pct, after rising by a marginal 0.2 pct in 2022. Exports..., mostly led by VAT. Income taxes will also outperform this year, up by 1.2 billion euros, thanks..., with tax revenues reaching 56.19 billion euros, with indirect taxes up by 700 million to 32.14
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Rise of fringe party complicates election arithmetic
PoliticsGreek Politicswill be held with a simple form of proportional representation. This threshold will drop to around 38 pct in the second elections, when the winning party will gain a bonus of up to 50 seats. However.... The position taken by the ND deputies was backed up by parliamentary speaker Kostas Tassoulas
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Complexities of post-election cooperation laid bare
PoliticsGreek Politicswill be able to determine who will be Prime Minister if the centre-left party teams up with the ruling... is trying to keep the Greek public in the dark by not making it clear who will end up as the country..., which is that despite seeing its support in the opinion polls drop by around 3 percentage points
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Rise of smaller parties a barrier to decisive result in first elections
PoliticsGreek PoliticsBuoyed by another opinion poll showing that his party is starting to pick up support ahead... a slight decrease of half a point, to 9 pct. There was also a 0.5 percentage point drop in the undecided..., up by 1 point since earlier in the month. Ellines is unchanged, on 3 pct. On Thursday, former
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