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Greek stocks edge up in week of big losses for banks
Economygeneral index edged up to 658.84 on Friday despite the drop of 1.73 percent recorded in the last... to more than 62 percent. The discount of the offer prices ranging between 34 percent for Alpha up... percent). The average daily turnover remained virtually unchanged at 42 million, with a notable drop
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomymonths, after a notable drop by 90 bps following the imposition of capital controls at the end of June 2015. During the conference calls of the second quarter results, most banks indicated further drop... percent in July, at their lowest level since 2002. Loans Corporate loan rates picked up in July
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Travel receipts up by 14.2 pct in Oct but 10-month figure drops 4.2 pct
EconomyMacroeconomya drop in the average expenditure per trip by 9 percent to 537 euros, while non-resident arrivals rose..., receipts from Russia rebounded by 4.8 percent. Summing up, travel receipts from EU countries edged... posted a sharper drop of 12.7 percent to 3.54 billion. Although arrivals are expected to record
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Building activity up by 12.6 pct in November, permits remain above 1,000
EconomyMacroeconomywas issued in eastern Macedonia (19 permits). For the aggregate period up to November, permits issued... compared to 2016. The most recent quarterly Bank of Greece (BoG) figures showed a 0.6 percent drop in apartment prices year-on-year in the third quarter of 2017. This followed a drop of 1.1 percent in Q2
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Unemployment rate edges up to 20.2 pct in April as number of employed dips
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in April edged up to 20.2 percent from 20.1.... The figures of those who are unemployed continue to improve, with the latest month showing a drop... population stood at 3.27 million, edging up by around 45,100 month-on-month. The unemployment rate among
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OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
Economypercent in 2021, picking up to 6.6 percent in 2022. This is a notable drop from the previous outlook’s projection of a drop in GDP of between 8 to 9.8 percent. Private consumption is seen shrinking... improve substantially and if take-up of loans from the EU Recovery and Resilience Facility is strong
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingthat the agreement will be 53 pct of the portfolio’s gross book value. The transaction will drop... billion euros. Alpha Bank intends to drop NPEs by the end of this year to 3 billion euros... APS standing ready to offer up to 12 billion euros of state guarantees to the senior tranches
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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
EconomyBankinglosses of 404 million euros last year, due to 829 million euros in clean-up impairments. In Q1, clean-up... income (NII) came to 286 million euros in Q1, versus 366 million euros last year, a drop of 22 pct... by 42 pct to 583 million euros. Total operating expenses stood at 199 million, a drop of 6 percent YoY
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Despite consecutive monthly drops, energy drives up Aug CPI by 11.4 pct
EconomyMacroeconomypercent, after falling by 1.8 percent in July. This is the first back-to-back monthly drop since early... percent rise in education. These were partially offset by a drop of 2.2 percent in communication. Reflecting the impact of the energy crisis, electricity was up 38.5 percent annually and natural gas
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GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY
EconomyMacroeconomywere led by a drop in final consumption by 0.5 percent QoQ. Investments decreased by 1.8 percent. Exports decreased by 0.7 percent and imports increased by 2 percent. The export drop was led..., and services up by 2.9 percent. Imports increased by 2.9 percent, with goods increasing by 3.4
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