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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBanking(NII) in Q1 reached 360 million, flat year-on-year (YoY) and up by 1 percent lower quarter... at the end of Q4 2019. This stemmed from the bank’s decision to take advantage of lower Eurosystem funding
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PMI rises to 49.4 points in June as manufacturing resumes
EconomyMacroeconomy, but this was at drastically lower rates than that seen at the start of the year. New export orders also fell marginally... strengthening, the degree of confidence was below levels seen earlier in 2020. Lower demand for inputs and weak
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New study shows Greek population more than halving by 2100
Societyrate lower than the replacement level of 2.1 and over, and 183 were forecast to have a total fertility rate lower than replacement by 2100. The main conclusion of the Lancet study on a global basis
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R&D and innovation remain low in Greece, OECD finds
EconomyFeaturesThe OECD 2020 report on Greece highlights a persisiting lack of R&D and innovation in the economy and lower productivity compared to other countries. As the OECD notes, innovation is the cornerstone... and improvements in financing for firms. Although R&D spending has increased, it is still lower than most OECD
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Newsletter 260 -31/07/2020
pressure, increased risks in the banking sector and persistent current account deficits due to lower... billion euros, lower than the target by 3.50 billion or 14.1 percent. During the first six months
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NBG results show net profits of 465 mln euros on strong income
EconomyBankingin Q2 from 197 million in Q1, driven by lower personnel expenses (-4.2 percent QoQ) and G&As (-9.5... YoY to 383 million in H1 20. Lower personnel expenses were driven by the bank’s voluntary exit scheme
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Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
EconomyMacroeconomyan increase of 42 million euros, lower than the 375 million euros overperformance of the previous month... advances back to firms cost the budget 864 million euros, and the special subsidy to cover lower
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Budget primary shows deficit of 6.61 bln in August
EconomyMacroeconomyperiod, as mentioned, 3.52 billion euros lower than the target of 32.46 billion euros. The MoF said... stood at 32.36 billion euros, lower than the target by 3.02 billion or 8.6 percent. The full revenue
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Budget primary shows deficit of 7.01 bln as revenues suffer in September
EconomyMacroeconomyin the aggregate period, as mentioned, 4.72 billion euros lower than the target of 38.22 billion euros... billion euros, lower than the target by 4.01 billion or 9.6 percent. The full revenue breakdown
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Budget primary shows deficit of 7.01 bln in September
EconomyMacroeconomyin the aggregate period, as mentioned, 4.72 billion euros lower than the target of 38.22 billion euros... billion euros, lower than the target by 4.01 billion or 9.6 percent. On an aggregate basis, tax revenues
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