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Newsletter 272 -06/11/2020
accused the government of a “total failure” in managing the second wave of the pandemic and warned... been trimmed by 1 percentage point, to 5 pct. Growth for 2022 is seen at 3.5 pct. The Commission notes... which the industry heavily relies on. 2 Unemployment at 16.8 pct in August Inactives rise by 2.9
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Unemployment edges up to 11.9 pct in Q4
EconomyMacroeconomy. A total of 558,416 were registered as unemployed in Q4, increasing by 0.5 percent from the previous... and rising by 2 percent from the same quarter of 2021. The number of economically inactive people who.... The number of long-term unemployed (more than 1 year) came to 355,700 people, representing 63.7 percent
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Unemployment unchanged at 11.8 pct in Q1, sharp fall in long-term jobless
EconomyMacroeconomypercent. A total of 550,535 were registered as unemployed in Q1, decreasing by 1.4 percent from... of long-term unemployed (more than 1 year) came to 290,200 people, representing 52.7 percent of the total unemployed. Alarmingly, the largest portion, 123,700, has not worked for more than four years
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Slow pace at which RRF funds reaching firms a growing issue
Economyused up just short of 15 billion euros, from the total 36 billion euros envelope. The 14.9 billion... and is close to submitting the request for 1 billion euros of the fourth grant tranche. This is where... at a significantly slower pace. Out of the total of 7.6 billion euros in grants, just 3.45 billion euros has
24% -
Boosted by seasonal factors, quarterly unemployment drops below 10 pct for first time since 2009
EconomyMacroeconomy. A total of 467,619 were recorded as unemployed in Q2, decreasing by 18.6 percent from the previous... was in the Northern Aegean at 5.4 percent. The number of long-term unemployed (more than 1 year) came to 248,600 people, representing 53.2 percent of the total unemployed. Alarmingly, the largest portion
24% -
Quarterly unemployment stable at 8.3 pct in Q4 as labour market continues to improve
EconomyMacroeconomyto the tourism sector peak in Q3 each year and the build-up in hiring for the high season in Q2. A total.... The number of long-term unemployed (more than 1 year) came to 229,100 people, representing 58 percent of the total unemployed. Alarmingly, the largest portion, 100,100, has not worked for more than
24% -
Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomy(DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact... recognition. The total DTA consideration is worth 9.3 billion euros and the remaining DTA to be recognised...-forma 9-month 2013 EBA CT1 by 2 billion euros with the respective ratio hiking to 13.5 percent from 8.1
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomyof the strong tourism season. The slowdown of the seasonally-adjusted jobless rate in July reflects a 1... for a job. In addition, only 111,789 or 11.5 percent of total registered receive the monthly 360-euro.... In contrast, the jobless rate in the 55-64 age group increased by more than 2 percentage points YoY to 17.2
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankinggeneral expenses (up 17.9 percent). However, due to a sharp drop in extraordinary expenses Q4 total... of 2 billion. The February breakdown showed ELA funding at 17.6 billion and ECB funding at 4.8...-Bills of just over 2 billion euros and Greek government bonds (GGBs) of 1.5 billion. The Basel III
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingincreased by 11 percent QoQ in Q4, while loan NII fell 2 percent. The double-digit rise in operating... Cypriot banks’ operations in Greece and Millennium Bank) over the past two years. Total synergies from... of seasonal agricultural loans in December (that were fully repaid in February), gross loans slipped 2
23%