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  1. Unemployment rate falls to 21.5 pct in 2017 despite increase in Q4
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    (over 1 year) declined for a fourth continuous quarter to 722,900. Out of the total, long-term... sectors: wholesale and retail trade (18.3 percent of total), agricultural (12.1 percent

    3%

  2. Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
    Image via www.alpha.gr

    EconomyBanking

    Assistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December... million QoQ to 29.3 billion, driven largely by private deposits (households). On an annual basis, total

    3%

  3. February deposit balance positive by 59 mln, reversing previous month's outflow

    EconomyMacroeconomy

    since December 2015. Total deposits, which also include the general government (gg), rose by 528... funding to 26.30 billion euros for the month, down from the total of 29.09 billion noted in January.

    3%

  4. Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
    Image via www.piraeusbankgroup.com

    EconomyBanking

    of the loans. The total value is 1.6 billion euros, though sources note that in the second phase... percent in 2017 to 40.9 billion. Total deposits rose by 1 percent annually to 42.72 billion. IFRS 9

    3%

  5. Greek hourly labour costs less than half of eurozone average
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    against an EU average rise of 2.3 percent. As a percent of the total, non-wage costs make up 25.7 percent of the total labour costs for Greece, slightly above the EU average of 24 percent. Although

    3%

  6. ECB report highlights sluggish Greek economic growth
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    created since mid-2013, offsetting the total number of jobs lost during the crisis.” However, crisis... of total loans in 2014 to 5.2 percent in the fourth quarter of 2017. Meanwhile in Greece, NPLs remain

    3%

  7. February current account deficit at 1.29 bln as underlying balances worsen
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    prices. Total exports increased by 14.5 percent to 2.34 billion euros, while imports rose b y 4.8... by a 14.7 percent rise in receipts to 298 million. Total aggregate exports rose by 16.9 percent

    3%

  8. Strong deposit growth of 1.14 bln noted in March
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    since December 2015. Total deposits, which also include the general government (gg), rose by 786.4... to 24.48 billion euros for the month, down from the total of 26.30 billion noted in February.

    3%

  9. Is the cost of Greece's public sector soaring again?
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    . The numbers, derived from the Labour Ministry’s Ergani database, record not the total number of public... that the costs have gone up every year since the end of 2014, by a total of 612 million euros, or 3.9 percent

    3%

  10. New increase in flow of refugees to Greece causes unease

    Society

    Greece is facing a potentially explosive situation as the largely unaddressed refugee crisis has begun to take on new and troubling aspects in 2018. The UNHCR’s website recorded a total of 9,375 sea... March 2016 and March 2018. During the same period, a total of 39,650 final decisions were issued

    3%