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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomy, despite easing by 1 pp to 50.9 percent in Q1. The most notable decline was posted in the next age group... for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800
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Adult skills in Greece lacking, indicates OECD survey
Societyadults (26.5 percent) in Greece are proficient at or below level 1 in literacy (compared to the OECD average of 18.9 percent) and almost 28.5 percent score at or below level 1 in numeracy (6 percentage... in 24 countries. The adult skills survey was conducted in Greece from 1 April 2014 to 31 March 2015
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomymixed trends with that for amounts between 250,000 and 1 million euros slipping by 6 bps to 5.17... by 1 bp to 4.84 percent. The minor changes in the average deposit and lending rates led the average spread of the Greek banking market edging up by 1 bp to 4.41 percent in May.
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million..., while has been trimmed by 1 billion since Q3 2015, of which 0.7 billion stems from corporate... percent a quarter ago. The phased-in Common Equity Tier 1 (Tier1) ratio slipped to 17.5 percent in Q2
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Newsletter 92 - 14/10/2016
by the Hellenic Statistical Authority (ELSTAT) on Monday showing that the Consumer Price Index (CPI) fell by 1... the previous month in August after decreasing by 1 percent in July. Overall, despite the modest decline... in electricity production. Consumer price index falls Greece’s Consumer Price Index (CPI) dropped by 1
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NOME auctions as a mechanism to strengthen competition in the Greek electricity market
Legalof that said Law, as amended by para. 1 of Article 3 of Law no.4393/2016, establishes the sales... must be placed (namely article 135 para.2 Law. 4389/2016, as amended by article 3 para 1 of law... of the previous year. This calculation methodology is repeated in the KYSOIP Decision no. 38 Art. 1 para. 2.3.
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
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CPI drops at a slower pace of 0.5 pct in October
EconomyMacroeconomya drop of 1 percent in September, according to data published by the Hellenic Statistical Authority... to a fall in the goods’ index by 1 percent, while the services index edged up 0.2 percent. Meanwhile... reflecting an increase in housing and transport prices by 2.4 and 1 percent respectively, while all
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Newsletter 95 - 11/11/2016
of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following... in October, after a decline by 1 percent in September. The slight drop is mostly attributed... and transport prices by 2.4 and 1 percent, respectively. It is worth noting that the harmonised index
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomyyears) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1... than 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion
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