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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingbillion euros. The latest quarter marks nine straight quarters in which NPE formation has declined... Ameoba, has attracted strong interest. The first phase was recently completed, with the second phase
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Despite stumbling blocks, Athens more upbeat after latest talks on name issue
PoliticsForeign Policy, and become a member of the military alliance. Following the meeting in Vienna, Kotzias declared: “There has... guarantees regarding the changes to the constitution it has highlighted, this would trigger a change
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Building activity up by 18 pct in Jan, permits dip below 1,000-mark
EconomyMacroeconomypermits was issued in western Macedonia (14 permits). Greece’s construction sector has remained... confidence has marginally improved during 2018 from the -58.3 reading of December 2017.
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Unemployment rate at 20.6 pct in Jan, inactive population rises
EconomyMacroeconomyemployed has risen by 98,712. Those who are unemployed fell by 10,167 compared to December... since October 2011 in which the total number of unemployed has stayed below the 1-million mark
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New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
EconomyMacroeconomyfigure is the first time in five months that the number of tax debtors has fallen under 4 million..., the monthly rate of collectability came to 80.3 percent compared to 79.8 percent for January. The IAPR has
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Juncker heralds MoU exit but fails to add clarity during Athens visit
EconomyProgrammein Germany’s Handelsblatt newspaper that German Finance Minister Olaf Scholz has insisted in his....” The Greek prime minister suggested that the high primary surpluses Athens has achieved over the past couple
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PMI slows to 52.9 pts in April, sector confidence hits all-time high
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2.1 points to 52.9 in April, nearing almost one full year where the reading has stayed above the 50-mark threshold. The index has remained positive, albeit displaying the weakest growth since November 2017 as the previous growth in the manufacturing sector
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Hirings balance hits record high of 100,246 in April
EconomyMacroeconomyconsecutive month where a positive hirings balance has been noted in the Greek job market. Compared... the first time since May 2017 that the balance has increased over 50 percent for full-time work. Part
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Industrial production rises by 1.1 pct in March
EconomyMacroeconomy, staying negative for a second month. In the year so far, industry confidence has declined by 1.4... almost one full year during which the reading has stayed above the 50-mark threshold
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Growth strategy sets out reform targets, broad policies for post-MoU era
EconomyProgramme-programme period. The government has worked with the institutions to put together the strategy, which... certainly has some of the ideological colour of Greece’s leftist-led government as it aims to restore
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