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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingLiquidity Assistance (ELA) reliance fully eliminated as of February 2019. During the quarter, greater use... that the bank had concentrated on several milestones including exiting the ELA, increasing the deposit
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PMI grows for eighth month despite supply chain, inflation challenges
EconomyMacroeconomylevels despite the material shortages. The inputs inflation increased at a new series high as material shortages led to supplier surcharges. Rising costs were noted in plastic, metal, oil and wood... a common theme. Material scarcity will almost certainly threaten manufacturing output growth
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingperiod from the third quarter (Q3) of 2012 until Q3 2014 when there was not any material... of 305 million was almost double that of corporates, while in the July 2015 – December 2016 period
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After 'No' vote, pulling Greek banks back from brink a priority
Economyin the Emergency Liquidity Assistance (ELA) limit for Greek banks. Press reports initially noted that the ECB... the ECB Governing Council convened for the last time on Greece, it decided to keep the ELA limit unchanged, while further postponed an increase in the ELA collateral haircut. Although, Greek banks
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Greece hopes beaches won't be empty again this summer, but vaccination numbers say otherwise
Agoraof purchasing vaccines from suppliers outside the EU purchasing scheme such as Sinopharm and Sputnik... the procurement process for medical supplies, which has yielded some instances of overpricing and monopolistic... deliver a total 28.3 million doses from all approved suppliers. The numbers published in the national
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Manufacturing growing at steady pace despite supply chain, inflation issues
EconomyMacroeconomy, the unprecedented supplier delivery delays have caused a rise in backlogs of work at series-record pace... prices remain a concern, with transportation delays and material shortages leading to unprecedented rise... in production”, commented Markit analysts. "Transportation issues and material shortages led input costs
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Newsletter 34 - 10/07/2015
liquidity assistance (ELA) limit is seen sufficient to cover liquidity needs until July 13. There have... in the same period last year. This translates into a net drop in retail sales by 305 million over
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PMI stable in March as war starts affecting business and confidence
EconomyMacroeconomysupplier lead times caused by the Middle East war-related logistics disruptions. However, PMI was weighed... as oil, energy, and raw material prices increased, pushing operating expenses up at the fastest... inflation reaching a near three-and-a-half-year high. Despite the sharpest lengthening of supplier
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Manufacturing PMI improves slightly in June, cost and export challenges persist
EconomyMacroeconomyperformance deteriorated substantially. Although supplier lead times lengthened at a slightly slower... marked increase in operating costs. Higher transportation, fuel, energy, and raw material prices were..., persistent supplier delays and the use of existing inventories to meet demand created challenges
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Greek banks' Eurosystem funding down for second month in a row in Feb
EconomyMacroeconomyreflects a drop almost equally split between ELA funding (by 1.55 billion to 8.57 billion... of February shows a material reduction of 44 percent (53.2 billion) since the end of 2012 and 50 percent (67.6 billion) since its peak at 135.60 billion in June 2012. The ELA mechanism was launched by BoG
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