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  1. Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
    Photo by MacroPolis

    EconomyBanking

    to cause capital requirements of between 1.1 to 1.2 billion euros due to the difference between the book... worth around 2.2 billion, pro-forma as of the end of September 30, 2018. Eurobank CEO Fokion Karavias

    6%
  2. Unemployment at 18.6 pct in September as unemployed decline by 11.1 pct year-on-year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    fewer unemployed people in September versus August, a drop of 1.1 percent. Compared to September... year-on-year. The unemployment rate among women fell by 2.2 percentage points (pps) year-on-year

    6%
  3. Industrial production up by 2.3 pct in Feb
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent after a drop of 2.2 percent in January. The annual movement in the index was driven largely... by 1.1 points month-on-month to stand and -2.3. Year-on-year, industry confidence has improved by 1

    6%
  4. IMF maintains outlook for economy, Athens readies scheme for unpaid taxes and contributions
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    slowing down to real growth of 2.2 percent in 2020. Growth is then seen slowing down, setting at 1.2... are seen accelerating in the coming years, rising by 1.1 percent this year and 1.4 percent in 2020

    6%
  5. Travel balance rises 15.7 pct in June, aggregate visitors drop 0.5 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . In total, arrivals from the EU 28 countries fell by 2.2 percent YoY to 2.9 million. Those from euro... rose by 15.2 percent to 528,200, while visitors from the UK rose by 4 percent to 1.1 million. Arrivals

    6%
  6. Consumer confidence hits 19-year high, ESI highest since 2007
    Photo by MacroPolis

    EconomyMacroeconomy

    . Industry confidence declined by 1.1 points month-on-month to stand at 0.6 points. Year-on-year... confidence has increased by 2.2 points.

    6%
  7. Eurobank net profits at 6 mln in Q2 amid increasing securitisations
    Photo by MacroPolis

    EconomyBanking

    stock declined by roughly 2.2 billion euros QoQ and came to 14.3 billion euros. This was driven by 1.8... the securitization of the Cairo portfolio (6.8 billion euros) and NPE reductions totalling 1.1 billion euros

    6%
  8. Q2 rise of 7.7 pct in apartment prices marks 12-year high
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and fourth quarters of 2018 was 1.3, 2.2 and 2.9 percent, respectively. On average, the revised data shows..., the property price increases for both these geographic areas came to 0.8 percent and 1.1 percent

    6%
  9. Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
    Finance Ministry

    EconomyMacroeconomy

    sees the Greek economy growing by 2 percent this year and 2.2 percent in 2020. In the previous WEO... price estimates have been substantially revised since April when they stood at 1.1 percent in 2019

    6%
  10. Alpha Bank posts net profits of 4.7 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    operating expenses rose by 1.1 percent QoQ to 270 million, declining by 2 percent YoY to stand... QoQ to 3.2 billion euros. Gross loans came to 49.1 billion as of the end of Q3 2019, down by 2.2

    6%