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Minimum wage increase crashes against reality of Greeks' low purchasing power
Agoraclashed with the latest data released by Eurostat concerning per capita GDP in the EU in purchasing... that will take the gross wage to 880 euros, paid out in 14 salaries per year, was initially... in 2022 due to the Ukraine conflict and the energy turbulence. Per ELSTAT, housing costs are up by 22 pct
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Public sector staff trends survive MoU exit, change of government
Societyin early summer. In June 2019 the number of public sector contractors was 103,213 and in June 2020 it had... in the latter part of 2019, however there was no corresponding fall in the number of contractors. New record
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBanking. The slight improvement mainly reflects higher deposit NII and lower funding cost, which more than offset... in deposit spread (by 9 bps) and further reduction in Central Bank funding balances and cost. Going forward, loan re-leveraging (seen starting by Q1 2015) and further rationalisation of deposit cost
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeprofessions and mothers with disabled children. Cost savings from the change in the retirement... government has committed to pension-related cost savings of around 0.25 percent in 2015 and 1 percent... official data provided by the Labour Ministry for May, the monthly cost for the total of 2.66
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingdeposit cost was almost offset by the higher funding cost primarily attributed to the increased... stood at 7.6 percent. The key driver for cost containment largely relates to staff costs, which dropped... targets a return on assets (RoA) ratio above 1 percent, cost to income ratio at 40 percent (from 50
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorapercent quarter on quarter (QoQ) in Q4, mainly due to a drop in the funding cost stemming from... of the burden of ELA cost on banks, it is worth noting that the Bank of Greece (BOG) reported in its 2015... on ELA funding from just 40.5 million in 2014. This bears an interest cost of 150 basis points (bps
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingreflecting positive top line trends and cost containment. In particular, net interest income (NII) improved 1.3 percent QoQ to 387.7 million mainly driven by lower funding cost related to reduced reliance... by Q1 2017. On the cost front, operating expenses fell by 1.2 percent QoQ to 249.9 million, while
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Newsletter 341 - 10/06/2022
concerned about the cost-of-living crisis. Speaking on Wednesday, SYRIZA leader Alexis Tsipras... claimed that SYRIZA is ready to govern and that a new government would seek to tackle the cost-of-living... for their views on how the government is handling the cost-of-living crisis, 73 pct of those questioned indicated
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Newsletter 440 - 08/11/2024
from tackling the cost of living and cracking down on migration. The role that the cost-of-living... is reducing the VAT rate. Elevated VAT revenues, boosted by inflated prices during the cost-of-living... of the American electorate. Affordability was central in the US election campaign as the cost of living
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoracredit to the private sector declined by 3.9 per cent year-on-year. The pace of credit contraction... as NPLs (repayment delayed by more than ninety days) reaching 22.9 per cent. Such staggering NPL... and Irish Nationwide. The assets were acquired at a discount of roughly 60 per cent book value of banks
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