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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankinghas declined by 3.3 billion euros. Management noted that NPE stock fell by 1.2 billion in H1..., the bank has so far completed the sale of the Project Nemo portfolio, worth 500 million euros... subordinated bonds. Following the ELA funding elimination, the bank has improved its Liquidity Coverage
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingpercent to 645 million euros. Asset quality Overall, Piraeus Bank has the highest NPE stock on its... and NPL stocks of 11.1 billion. NBG currently has the smallest amount of bad loans on its books... gross book value of 1.8 billion euros. Finally, Piraeus Bank has 1.6 billion euros worth of NPE
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Unemployment edges down again in June, falling to 17 pct
EconomyMacroeconomyconsecutive month that unemployment has remained under 18 percent. The last time the rate fell.... Since the peak of 1.35 million unemployed in September 2013, unemployment has shown a fall.... This figure has been in decline since the high of 31.6 percent in May 2013. The unemployment rate for men
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politicswill provide New Democracy with the space it needs and if growth will hit the heights that Mitsotakis has... created.” Mitsotakis indicated that he has raised the fiscal issue with his European counterparts... if it is to apply straight away. The New Democracy leader said that if this does not happen, he has
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Unemployment drops to 16.9 pct in Q2, hitting eight-year low
EconomyMacroeconomyrate has been since Q2 2011, when the rate came to 16.5 percent Compared to the same period last year, the jobless rate has declined by 2.1 percentage points (pps) from the Q2 2018 figure of 19 percent... 70.8 percent in Q2. The latest quarter’s figure for long-term unemployed has remained below 600,000
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Buoyed by strong ratings, Mitsotakis opts for caution on Novartis probe
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has ruled out the possibility of New Democracy instigating... strong public support. Mitsotakis let it be known via his aides that he has no intention of sending... the necessary steps to expose the supposed plot, Mitsotakis has decided that pursuing Tsipras would
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New twist in Hellinikon saga as Lamda goes it alone
Economyby Greece’s Latsis family, as the main driving force behind what has turned into an emblematic investment... that the disagreement was in part about the management of the project, while it has also noted that the foreign... increase. Lamda has estimated the total investment in the old airport site will reach 8 billion
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Newsletter 220 -20/09/2019
in Parliament as soon as it gets the green light form Brussels. The report adds that the government has..., as the main driving force behind what has turned into an emblematic investment for the country..., along with ECB funding rising by 6 million. In the year so far, Eurosystem funding has declined
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Strikes greet labour measures
PoliticsGreek PoliticsYiannis Vroutsis has called the bill a strike in favour of employees and law-abiding employers... highest union body, has complained about the lack of advance consultation, calling the bill... temporary management and unable to declare a strike, it has called on some 150 federations and labour
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Athens looks to overcome APS snags as it awaits green light from Brussels
EconomyBankinghas to receive the all clear from DG Comp in Brussels, which is particularly focused on ensuring... there has been no official comment on this from either side, reports on Thursday suggested that the government has decided to give Finance Minister Christos Staikouras oversight of the plan, although
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