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Coalition seeks to quash concerns about complications with Hellenikon development
PoliticsGreek Politicsat the time. A consortium led by Lamda, which is controlled by the Latsis family group, Chinese... interests. The agreement with the Lamda-led consortium already has a number of clauses aimed at protecting
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Industrial turnover falls by 9.4 pct in June
EconomyMacroeconomythe 12-month trailing period the index is down by 13 percent, with the decline led by the energy.... In the domestic market, the fall was led by energy with a 17.4 percent drop, followed by consumer non
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingwith lower expenses led the cost-to-income ratio down to 47.5 percent in Q2 from 49.2 percent in Q1.... The ongoing deleveraging led gross loans down by around 300 million QoQ to 51 billion, while deposits
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Opposition leaders rule out support for SYRIZA as battle for centre ground looms
PoliticsGreek Politicsin the months to come. The Union of Centrists, led by the quirky Vassilis Leventis, has for some time... in a coalition that would seek to impede the advance of a Kyriakos Mitsotakis-led New Democracy due to fears
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Government's relationship with Stournaras teeters again
PoliticsForeign Policywas behaving as if he was still finance minister in the New Democracy-led coalition he served in between... Thursday’s dramatic events mean that the testy relationship between the SYRIZA-led administration
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomyin the time deposit rate led the weighted average rate on all new deposits down by 2 bps to 0.35... loan rates led the weighted average rate on new loans down by 18 bps to 4.83 percent in November after
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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
EconomyMacroeconomyattributed to the heavy snowfall in January that led to remarkable drops in both output and new orders... of new business led goods producers to work through their backlogs of work, while the staff number
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyhouseholds and corporates led the weighted average rate on all new deposits down by 3 bps to 0.32 percent.... The modest changes in the average deposit and loan rates led the average interest rate spread for Greek
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Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
EconomyBanking, the improving trends in loan quality during 2016 led to Greek banks increasing their loan provisions... deterioration in the loan portfolio that led to their NPE ratio soaring from 5.5 percent of total
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Industrial turnover soars 13.5 pct in December, drops 5.1 pct in 2016
EconomyMacroeconomyOctober 2012. Nevertheless, the double-digit drops recorded in the first half of 2016 led the index... in January mostly attributed to the heavy snowfall that led to remarkable drops in both output
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