Search
-
Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
EconomyBankingPiraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022. Normalised operating profit was 577 million euros in, with 277 million euros in Q3, from 729 million in 9M 202...
5% -
SYRIZA turbulence shakes up opposition politics
PoliticsGreek PoliticsSYRIZA’s decline in the opinion polls and the internal disruption that has followed the election of Stefanos Kasselakis as leader is creating a new reality as far as opposition politics in Greece is concerned. A ProRata poll published this week indicate...
5% -
Wage growth continues for sixth quarter, up 5.9 pct YoY in Q3
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q3, rising by 5.9 percent year-on-year (YoY), from an upwards revised 5.6 percent in the second quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on F...
5% -
Greece firms up participation in Red Sea mission, rules out sending troops to Ukraine
PoliticsForeign PolicyAthens has ruled out any possibility of sending troops to Ukraine, after French President Emmanuel Macron raised the prospect last week. Last Monday, Macron said - after a leaders' conference on support for Kyiv - that there was no consensus on sending ...
5% -
Greece and Turkey launch latest round of talks, building up to Ankara visit by Mitsotakis
PoliticsForeign PolicyMonday’s meeting in Ankara between Deputy Foreign Minister Alexandra Papadopoulou and her Turkish counterpart Burak Akçapar signals the beginning of a new round of talks between Greece and Turkey within the framework of the political dialogue that was a...
5% -
Piraeus Bank net interest income jumps by 16 pct to 518 mln in Q1, commission income up 19 pct
EconomyBankingPiraeus Bank posted a net profit of 233 million euros in Q1 2024, from 180 million euros in Q1 last year. Normalised operating profit was 279 million euros in Q1, compared to 204 million euros in Q1 2023. Asset quality The NPE ratio was stable at 3.5 pe...
5% -
Podcast - Wake up poll: Euro elections jolt Greek politics
AgoraThe European Parliament elections held in Greece on June 9 produced a few surprises, some of which could be significant for the country's political scene over the next few months and years. The ruling centre-right party, New Democracy, performed worse t...
5% -
Moody's latest agency to up outlook to positive, keeps rating below investment grade
EconomyOn Friday, Moody’s upped Greece’s outlook to positive from stable, keeping the rating unchanged at ‘Ba1’, thereby remaining the only agency that is yet to grant the investment grade to Greece, keeping it just one notch below. After the upgrade by Fitch ...
5% -
Athens ponders Syria shake-up with particular focus on Turkey
PoliticsForeign PolicyAthens is assessing how it should react to developments in Syria after insurgents led by HTS toppled Bashar al-Assad in Damascus, triggering changes in the broader geopolitical landscape. Syria dominated discussions at Thursday’s meeting of the National...
5% -
PM weighs up options over pick for president ahead of January decision
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis presided over the last cabinet meeting of 2024 on Monday and is aiming to meet with his ministerial team again in the second week of January, when the media’s attention will be on who the PM will pick as his candidate ...
5%