Search
-
Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingaffected by the repricing of time deposits, improved funding mix and cost, as well as higher... fell by 4.1 percent YoY to 504.1 million, primarily as a result of reduced staff costs. The Cost... loans in H1 2020 with Covid-19 related provisions of 234 million. The cost of risk (CoR) stood at 2.6
4% -
Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomy. The total cost is 24.16 billion euros, 21.47 billion of which is allocated to 2020. The actual cash impact... the solidarity levy for incomes in the private sector has a cost of 767 million. The programme that aims to create 100,000 new jobs via state subsidies will cost 302 billion euros, while the Bridge
4% -
Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingthe lower wholesale funding and deposit cost. The Net Interest Margin (NIM) remained stable QoQ at 2.3.... As a result, the corresponding Cost to Income ratio declined to 53.9 percent versus 55.5 percent... million. The cost of risk (CoR) stood at 1.7 percent over net loans versus 2.6 percent
4% -
PMI edges up to 46.9 points in December
EconomyMacroeconomythe depths of the pandemic in April. This led cost burdens to increase substantially..., especially steel, and greater transportation fees. Despite rising cost burdens, firms continued... concerns remained in the sector thanks to disrupted supply chains and higher cost burdens
4% -
Newsletter 279 - 05/03/2021
of 5.5 percent. 2 PMI dips to 49.4 points in February Cost burdens pile up Greece’s manufacturing PMI.... Substantial supply chain disruption resulted in soaring cost burdens in February, with cost inflation
4% -
Pandemic raises economic pressure as govt hopes for imminent relief
PoliticsGreek PoliticsThe spread of Covid-19 in Greece, and the problems this is causing for the health system, shows no sign of abating, triggering growing concern about the financial cost of the crisis...-March, carry a cost of 1.2 billion euros and that a cost of 750 million euros should be added each
4% -
Govt talks up benefits of pension reform as Delta variant concern grows
PoliticsGreek Politicsmedia reported on Friday, there will also be a considerable fiscal cost in transitioning form the current system to the new one. Actuarial studies have estimated it will cost 56 billion euros up...” cost of the reform, as well as the fact that large sums, possibly 2.5 billion euros
4% -
PM announces extensive measures to build on recovery, counter inflation and put govt on track
PoliticsGreek Politicssecurity contributions in the private sector into 2022 at an annual cost of almost 1.6 billion euros; keeping in place the suspension of the solidarity levy at a cost of 767 million euros; the reduction of corporate tax from 24 to 22 pct from January 2022 at a cost of 183 million euros; reduction of VAT
4% -
Govt grabs opportunity offered by escape clause to entice voters with support package
Economythat was used in seven rounds during the pandemic as a liquidity measure to firms, will have a cost of 660 million euros. The reduced VAT rates for certain services linked with tourism will cost 64 million euros... of the corporate tax rate by two percentage points to 22 pct will cost the budget by 183 million euros. MTFS
4% -
PM presents warship, mutual defence deal with France as game changer
PoliticsGreek Politicssignificant. Nevertheless, the cost of the deal is likely to come under scrutiny in the coming days... the cost was too high. “The prime minister has to inform us immediately about what changed,” she told Open... into conflict with the European Union’s mutual defence clause. PPC The cost of the latest military purchase
4%