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Part-time work and low earnings overlie crisis-pounded labour market
SocietyThe General Confederation of Greek Labor (GSEE) has revealed that 72.8 percent of Greek workers make under 1,000 euros per month net. The statistic appeared in the GSEE’s intermediate report on the Greek economy, which highlighted recent macroeconomic developments in Greece and made recommendations
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Religion plays strong role in identity, beliefs of Greeks, international survey suggests
SocietyNew research studying the attitudes and beliefs of central and eastern Europeans has found a sharp divide in countries formerly under the Iron Curtain compared to western Europe on a number of social issues. Released by Pew Research Center, the study showed that those living in eastern and central
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Trade deficit jumps by 39.1 pct in September and rises by 1.4 pct in 9-month period
EconomyMacroeconomyfour consecutive months during which the deficit has grown. Imports continued to outpace exports
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Industrial production up by 2 pct in September
EconomyMacroeconomyconfidence has declined by 3.6 points. Additionally, Markit’s manufacturing PMI slowed to 53.1 in October
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Apartment prices up by 2.5 pct in Q3 as recovery trend continues
EconomyMacroeconomyhas contracted by more than a quarter since the end of 2010. The household lending sector’s negative
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking. The portfolio has been named Project Pillar. The securitised portfolio includes around 45,000 non
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Hirings balance negative by 120,087 in October on seasonal movements
EconomyMacroeconomylevel since October 2017 and came to 37.9 percent. The Greek job market in recent years has been
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September current account surplus at 550.8 mln as goods deficit increases
EconomyMacroeconomy, meaning that year-on-year (YoY), the headline figure has declined by 427.6 million, or 0.4 percent
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingbillion euros. The portfolio has been named Project Pillar. The securitised portfolio includes around
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingIn the overview of the Greek financial system that was published late on Thursday, the Bank of Greece (BoG) outlines its proposal for the systemic management of non-performing exposures (NPEs). BoG governor Yiannis Stournaras has been active recently in presenting the aspects of the plan to Greek
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