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  1. BoG data shows drop in card usage in first half of 2019
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    percent. The average number of transactions per card also showed a reduction, coming to 25 transactions... transactions came to an average of 26 transactions per card versus 32 in the previous period, while credit... value of transactions per card dropped by 19 percent compared to the final six months of 2018

    7%

  2. BoG awaits go-ahead from DG Comp over NPL scheme
    Photo by MacroPolis

    EconomyBanking

    billion euros. With the drop of NPEs outpacing the deleveraging in the system that saw loans drop... in Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s... make up the portfolio, with 40 percent of the properties located in Athens. Non-binding bids

    7%

  3. Coronavirus to delay much of privatisation plan
    Photo by MacroPolis

    EconomyFeatures

    the privatisation’s timeline off track. Athens International Airport saw its total air traffic fall... binding offers. That phase would have taken place within the next few months under normal... Gas Corporation (DEPA) due to the disruption caused by the coronavirus. Nine non-binding offers were

    7%

  4. Alpha Bank posts net profits of 98 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    of the year, the bank saw deposit inflows of 500 million. Deposit balances in Greece increased by 500... non-binding offers for the Galaxy securitisation. Binding offers are expected to be submitted

    7%

  5. BoG charts how crisis has affected private sector employment

    Economy

    shift work. In addition, 94,000 employees saw a wage reduction in their labour contracts in 2012... private sector employment has been affected during the crisis. The first finding is related... is some 20 percent below that of men (53.5 euros). Another important finding from the BoG study

    7%

  6. ND's electoral bill put before MPs as PM mulls options for president

    PoliticsGreek Politics

    saw the election winner awarded a 50-seat bonus, but a sliding scale that could lead to the victorious party earning up to 50 extra MPs. According to the proposal, if the winning party passes the 25... in May 2012 did the winning party win less than 25 percent of the vote, when New Democracy gained

    7%

  7. Newsletter 370 - 17/02/2023

    Newsletters

    pensioners whose retirement pay did not increase in January, or who saw minor rises, because... after the first ballot, seeking instead to battle it out in a second ballot, where the winning party... that SYRIZA will come second, behind ND. The winning party would need around 44 pct of the vote for a clear

    7%

  8. PASOK leadership ballot draws attention away from PM's deepening rift with predecessors
    Image: https://x.com/kmitsotakis

    PoliticsGreek Politics

    of the first round of voting, which saw PASOK leader Nikos Androulakis and Athens Mayor Haris Doukas qualify... first in nine regions and his challenger only winning one. Androulakis’s strongest performance... that if Doukas is to have any chance of winning this Sunday’s run-off vote against Androulakis, he

    7%

  9. Parliamentary report highlights demographics challenge and urges immediate action
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    this week raised further as it noted that the country’s fertility rate stood at 1.24 children per... to increase. Even if the average number of children per woman increased from 1.5 children to 1.8 children, the average number of births per year from 2018 to 2035 is unlikely to pass 95,000. An analysis

    6%

  10. Capital controls to be abolished ahead of schedule
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyBanking

    for the first time. The initial withdrawal limit of 60 euros per day was increased to a rolling bi-weekly... to 1,800 euros per calendar month. The threshold for the withdrawal of sums transferred to Greece from... euros to 20,000 euros per customer per day and further restrictions on opening bank accounts were

    6%