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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
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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
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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
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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
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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
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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
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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
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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
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Newsletter 326 - 28/01/2022
the cost of living crisis will require more decisive interventions like cutting fuel bills... of supplementary ENFIA on large property ownership, at a cost of 368 million euros in 2021. The centre-left called..., had suggested that touching VAT for bread alone could cost the budget 160 million euros. During
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Newsletter 328 - 18/02/2022
cost of living and unrelenting calls from SYRIZA for snap elections, the New Democracy government... figures released on Wednesday, coupled with rising public dissatisfaction about the cost of living.... Polls have been showing that cost-of-living worries have significantly overtaken the pandemic
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