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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking-default rate has returned to pre-Q1 levels and currently stands at almost 18 percent from 22-23 percent... and administrative costs by 4 and 6 percent respectively. The number of branches and employees has
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Drop in apartment prices continues with slower decline of 1.2 pct in Q2
EconomyMacroeconomyof -10.9 percent in 2013. The trend has been decelerating since 2016, with the rate of -2.4 percent.... Greece’s housing market remains challenged on many fronts. The housing loan balance has contracted
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingat 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating... Liquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1
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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek Politics, which was meant to be completed in the summer. The Administrative Reform Ministry has now drafted... jobs during the construction phase and 75,000 jobs once it has been fully completed. Apart from
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Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
EconomyMacroeconomyhigh of 91 in Q3 2016, the index has fallen by 1.6 percent. The record high of 120.4 was posted in Q1 2010, while the lowest reading of 78.8 was recorded in Q1 2000. Since its peak, the index has
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Out-of-court workout holds promise for firms in debt
Legalhas a long standing reputation and experience in debt restructuring procedures having advised... of the relevant law has been carried out under this context. Disclaimer All rights reserved. No part
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Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
PoliticsGreek Politicsthat his party has already prepared this bill and it would be the first to be tabled. The second draft.... “Mr Georgiadis is my choice,” he said. “I do not agree that he expresses extreme positions. He has
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Review demands put spotlight on Greek banks
EconomyBankingof June 2015, the IMF has earmarked an amount of 10 billion euros for potential bank capital needs... liquidations and disposals. Piraeus probe This difference of opinions between Greece’s lenders has led to much
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Newsletter 132
reportedly has reservations about whether this is possible. European Commission vice president Valdis... and the ability that Athens has to build up a cash buffer between now and August 2018, allowing
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Athens braces for review headwinds due to IMF demands, Berlin changes
PoliticsGreek PoliticsGreek banks are adequately capitalised. The IMF has been demanding a new asset quality review (AQR... from the AQRs, the IMF has also called for the reduction of the tax-free threshold for incomes
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