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Newsletter 316 - 12/11/2021
few months. Trust in the government’s approach stands at 2.6 on a scale of 1 to 5, which..., although below its summer forecast of 6 pct. According to the Commission, next year’s growth will be led... and quarrying. Water supply was up by 1 pct. PodcastsSo long, farewell, auf Wiedersehen Angela
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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBankingwas 1.09 billion euros in the 9M, down by 6 pct from the 1.15 billion euros in the same period... expenses dropped by 1 pct in the 9M to 758 million euros. Loan loss impairments have increased by 30... Equity Tier 1 (CET1) ratio stood at 13.9 percent, from 12.8 percent in Q2. The Q2 figure includes
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Mitsotakis targets inflation on path to elections in 2023
PoliticsGreek Politicsthat the second instalment of the minimum wage increase will be implemented on May 1, which is earlier than... to move ahead quickly with the minimum wage increase, after the first instalment of 2 pct on Jan 1... will be, although the local media speculated that it could reach as much as 6 pct, taking the basic
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicslast week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... wage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary... speculation that it could reach as much as 6 pct, taking the minimum wage above 700 euros – but still well
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Newsletter 324 - 21/01/2022
to the minimum wage would be adopted on May 1, SYRIZA believes a public backlash against the increasing cost..., they have called for the minimum wage to be raised to 800 euros. The 2 pct increase on January 1... is going to be, but there has been speculation that it could reach as much as 6 pct, taking the minimum
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PM pledges more support as he seeks to resist inflation, pandemic threats
PoliticsGreek Politics1, although he did not speculate on the number. Government sources had already indicated that the rise would be much higher than the 2 percent increase adopted on January 1. Nevertheless, Mitsotakis... is expected to announce on Tuesday the highest inflation data in Greece since 1997, above 6 pct
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Lower trading income for NBG keeps net profits at 490 mln in H1
EconomyBankingfor 2022 is 1.8 billion euros of NPEs and a ratio of 6 pct by the end of 2022, with coverage exceeding 80 pct. P&L Net interest income (ΝΙΙ) increased 1 percent YoY to 600 million. Net fee income... cost in H1 was 1 basis point, from -2 basis points in Q1 this year Capital The CET1 ratio stands
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Public debt records first marginal drop, to 394 bln, in Q2 as IMF repaid and bond activity limited
EconomyMacroeconomyGreece’s central government debt recorded a small drop of roughly 365 million euros in the second quarter of the year to 394.18 billion euros, after an increase of more than 6 billion euros... made up 73.3 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years
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Newsletter 351 - 16/09/2022
as private sector employees), an increase of roughly 6 pct in the pensions of around 1.5 million retirees... challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP... movements were led by a 10.5 pct reduction in petroleum products and 1 pct drop in chemical products.
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
Economythan 1 billion euros in offers for 200 million euros auctioned, a coverage ratio of 5.13x. Monday’s... as the consensus is that Greece although it will avoid recession it will barely grow by some 1 pct, while the European Commission sees inflation at 6 pct, according the latest forecasts it issued last
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