Search
-
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
18% -
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
18% -
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
18% -
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
18% -
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
18% -
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
18% -
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.
18% -
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
18% -
Economic sentiment partially recovers to 101.4 in Nov, consumer confidence also up
EconomyMacroeconomy, dropping to 84.4. The EU average ESI stood at 92.2 points in November, rising by 1 point from the previous month. The euro area’s ESI was 93.7 points, also up by 1 point from October. The recovery... compared to December 2021. Retail trade regained further ground in November, up by 6 points to 17.7
18% -
Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop
EconomyMacroeconomy, after an increase by 1.2 percent in the previous month. The volume’s monthly movement was down by 1..., with fuels up by 5.5 percent, and modest rises in food by 0.5 percent and non-food by 1 percent. According... further ground in November, up by 6 points to 17.7, still staying off the recent high of 21.1
18%