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Increase of 11 pct in minimum wage to have knock-on effect in economy
Economyminimum wage of 650 euros gross translates into 546 euros net pay and is almost 64 euros higher... to two monthly salaries annually. The daily wage of single unskilled worker is now set at 29.03 euros... on the current tax-free threshold, a single and unskilled worker on the new minimum wage will cost
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
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... to single digits by 2021, with an NPE deconsolidation of approximately 7 billion in a single
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingtheir NPE ratios down to single-digits by the end of 2022. On the whole, the banks’ performance has been... their NPE-reduction plans to their regulator, the Single Supervisory Mechanism. Under the plans, Eurobank...-sheet cleanup was 2020 net losses of 1.21 billion euros and 662 million euros respectively
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Newsletter 20 - 20/03/2015
single obligation Athens had to meet this month but also leaves the government running low on cash... that will meet with the Eurogroup’s approval is certain to prove a huge challenge over the next few days. Net... by three of Greece’s four systemic banks show that they posted net losses for the quarter as well
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Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
EconomyMacroeconomyto 96.59 billion, while the monthly net deductions are the lowest over the past three months. Since... in September with balances reaching 95.09 billion euros. Net deductions slipped to 237 million... in January 2011 and remains in contraction since then with cumulative net deductions of 36.3 billion, while
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Newsletter 70 - 15/04/2016
document estimates net savings of 2.5 percent of GDP are required to achieve a much lower primary surplus... a record low of 692 in absolute terms. Net hirings in March The employment balance showed net... time, the ECB, as the single supervisory authority, is observing the capital requirements of all
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Newsletter 99 - 09/12/2016
the beginning of the year. Overall, net revenues beat the target by 70 million in November and by 2.44... exceeding Greece’s allocated funding quota by over 1,000 percent. Greece is currently the IMF’s single... be mindful of the following: the decision will be characterised by the Fund becoming a net
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Newsletter 109 - 03/03/2017
in the single property tax (ENFIA), in the low tax rate for personal incomes and in contributions as well... controls at the end of June 2015. Specifically, the net inflow of banknotes to the domestic banking system... largely stemmed from non-financial corporations, which recorded a net positive flow of 5.2 billion. 2
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OECD outlines five priorities for Greek reform agenda in 2017
Economyand households. For Greece, the OECD identified five priorities related to the social safety net, network... of the social safety net, with the aim of reducing poverty and inequality. The OECD recommends the full...-search, training policies and the social safety net. Following the unbundling of the electricity
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Coca Cola-HBC revenues rise by 5 pct in Q3
EconomyCorporatessector, sales volume grew by 5.1 percent while net sales revenue grew to 345.1 million euros from 316.3... market. In emerging markets, sales volume grew by 3.5 percent in Q3, while net sales revenue... percent with a 2.5 percent increase in net sales revenue on a reported basis (693.9 million euros from
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