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  1. Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
    Photo by MacroPolis

    EconomyBanking

    portfolio (-271 million) and to a lesser extent to consumer loans (-43 million) and mortgages (-15 million... been reduced by 7 and 8 percent year on year. Impairment losses stayed stable QoQ at 259 million, due

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  2. NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
    Photo by MacroPolis

    EconomyBanking

    that once the 2019 targets are achieved, NPL and NPE ratios will have been reduced by around 15...-on-year in Greece and by 8 percent for the group. Cost containment largely reflects the continuing

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  3. Countdown begins for multi-bill, coalition eyes minimum wage increase
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    this week suggest that the goal is to vote on the multi-bill by January 15, which still should allow...-bill on January 8. Minimum wage Despite the pressure on the government to tie up loose ends

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  4. Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    that claimed it would be somewhere between 7 and 8 billion euros by insisting that Athens is only... and 15 billion euros, with some reports claiming that the target is 12 billion.

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  5. Newsletter 157 -30/03/2018

    Newsletters

    and the growth plan will be ready.” Nevertheless, it is thought that only around 15 of the 88 prior actions... to be tabled after Greek Easter, which is on April 8. When speaking to the European Parliament’s

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  6. Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?
    By Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    between 733,000 and 8 million euros, while only eight auctions were conducted in 2017. The first... just 15 lots, of which six are commercial properties, two are plots of land, and the rest is made up

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  7. Report on PPC’s viability ruffles feathers and shakes share price
    Image via www.dei.gr

    EconomyFeatures

    similar companies in Europe, noting that for PPC, net debt is 8 to 9 times higher than earnings... euros on Tuesday May 15, a decline of around 24 percent compared to their closing price on the first

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  8. NBG makes profit of 20 mln in Q1, NPE stock falls again
    Image via www.nbg.gr

    EconomyBanking

    year. Core pre-provision income (PPI) fell by 15 percent quarter-on-quarter (QoQ) to 120 million... a negative formation in corporate loans (-84 million), and small business loans (-8 million euros

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  9. If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

    EconomyMacroeconomy

    as a percentage of their earnings. The minimum EMP use is 10 percent for incomes up to 10,000 euros, 15... as private consumers. Finally, revenues would rise by 8 percent (1.3 billion euros) or 5.9 percent (930

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  10. Special tax structure would benefit hotels and jobs, bank argues
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    in neighbouring competitive markets is lower, at 10 percent for Spain, 9 percent for Cyprus, 8 percent... the 15 percent annual special real estate tax provided that the hotel is fully operating. Hotel

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