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Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month
EconomyMacroeconomy, the Bank of Greece's (BoG) final financial statement for 2018 has revealed. As of December, the total... to 10.12 billion. In recent months, ELA funding has been steadily falling. In January this year, BoG... banks has steadily declined by 115.50 billion euros. The spike in funding had stemmed from
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Parliamentary report highlights demographics challenge and urges immediate action
SocietyGreece’s problematic demographic makeup has once again emerged as a dominant story in the Greek... population has been in decline since 2010 as a result of the combined effect of out-migration (with net... population that the country has recorded in the last 20 years. Between 2011 to 2018, Greece’s population
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SYRIZA keeps up calls for cooperation but with focus on voters rather than parties
PoliticsGreek Politics) and centrist To Potami. Nevertheless, SYRIZA has no intention of abandoning its efforts to appear... opponents has usually prevailed in the past, and more to do with the fact that the key election battle... that SYRIZA will become the clearly dominant force on the centre-left after the ballot. As such, SYRIZA has
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgramme-powered units is still pending following the first failed tender. The process has been re-launched... to replace the Katseli law that expired at the end of February. The government has reportedly... that would be protected by the new legislation until it has been approved. It is expected to take several
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Wages index up by 4.9 pct in Q4 to reach highest level since 2012
EconomyMacroeconomyin the previous quarter. The index has not seen at this level since 2012 when it stood at 99.9, before dropping sharply to 88.3 in 2013. The index has been above the 90-point mark since Q3 of 2017. The record... 2015 at 85.2. Since its peak, the index has declined by a quarter on the back of the negative impact
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammehas settled 1.3 billion euros in arrears by the beginning of April. So far this year, around 600 million euros has been paid out. The latest target for the Greek government is to secure the approval... reached with its lenders has made the debt issue manageable for 15 years but over the longer term
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Unemployment rate inches up to 18.7 pct in Q4
EconomyMacroeconomy2011 that the rate of unemployment has been below 20 percent. Compared to the same period last year, the jobless rate has declined by 2.5 percentage points (pp) from the Q4 2017 figure of 21.2 percent... also has the lowest overall rate of unemployment. The highest rate of unemployment for those aged
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Primary residence talks continue amid uncertainty about draft legislation
EconomyProgrammeMinister Giorgos Houliarakis has taken part in the Euro Working Group on Monday, when further discussions.... The government insists that it has the right to move ahead since Greece is no longer in a programme... have been a few weeks ago because it has successfully tapped the markets with 5-year and 10-year
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBanking. The bank noted that since 2016, NPE stock has declined by 5.7 billion euros. The quarterly reduction in NPE... funding that the bank currently has on its books. Since 2016, Eurosystem funding has been reduced by 14.9
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Tsipras visits Skopje to highlight name deal positives as implementation work continues
PoliticsForeign Policyis spoken by citizens of my country and this has no relation with Greek Macedonians.” One... scrutinised. Their request has not been denied by the Greek side since as it has been said the Greek school
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