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Govt ratchets up coronavirus measures, while planning further support for economy
PoliticsGreek PoliticsGreece is introducing tighter measures to discourage social gatherings, in an effort to put a stop to the widespread breaches and circumventions of the first wave of emergency measures introduced last week. Meanwhile, it is lining up further support for...
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Disposable income rises by 7 pct in Q2 as economy recovers, savings still positive
EconomyMacroeconomyHousehold disposable income increased by 7 percent year-on-year in the second quarter (Q2), from 5.1 percent in the first quarter (Q1) of 2021, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. The absolute figure was 33.04 ...
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Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has made it clear that politically his government will stand with the European Union and NATO over Russia’s invasion of Ukraine as his ministers scramble to find ways of mitigating the economic impact of the war. Follo...
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Government focusses on cost of living with economy bill, push for lower ferry prices
PoliticsGreek PoliticsThe government is continuing its legislative spurt before the summer break in August with the unveiling of its second bill, which covers the economic pledges it made during the election campaign and which attempts to address continuing concerns about th...
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingPiraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion. Pre-provision income (PPI) more than halved quarter on quarter (QoQ) to 111 million, mainly
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economyon Friday. Overall, the average daily turnover slipped to 106 million last week slightly below the 111
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingto 356 million euros in Q3 from 111 million in Q2. This was primarily led by the Greek operations
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Greek shares up for the third straight week on strong performance from banks
Economytripled quarter on quarter (QoQ) to 356 million in Q3 from 111 million in Q2. At the same time, deposits
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Greek stocks on slide for third straight week
EconomyPetroleum Q3 results showed net profits jumped to 111 million from 24 million last year with EBITDA also
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Current account surplus widens to 838 mln in Sept on shrinking goods deficit
EconomyMacroeconomyresidents’ net external liabilities also rose by 111 million. The aggregate figures for the 9-month period
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