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  1. Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
    Image via www.piraeusbank.gr

    EconomyBanking

    with the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... with a group of investors rather than a public issue. The bond was placed with the European Investment... 2017, with a 37 percent decrease in NPEs. The bank noted that it is proceeding with two NPE sales

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  2. PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms

    PoliticsGreek Politics

    as a publicity stunt, noting that just five of the 900 buildings are being demolished one year, rather than one... that saw a decline of more than 35 pct in their revenues will not have to pre-pay any tax, while those... wrangles and political machinations, all of which prevented the Hellenikon redevelopment from proceeding

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  3. Summer season looks under threat as revenues fail to materialise
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    and regional airports is down by more than 70 percent compared to last year. The seats offered... in July, 196 cases related to travel were recorded out of 326 in total. This was more than 60 percent... by air and proceeding overland the rest of the way. As a result, not only are traveller numbers subdued

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  4. Surprise handout announcement provokes storm of criticism from opposition
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    in their disposable income over the past two years than most of their fellow Europeans. The scope of the new.... The latest, carried out by Alco for Open TV, found that fewer than 1 in 5 respondents saw... that vaccinations are still not proceeding at the desired rate, and that while there is high demand for booster

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  5. Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
    Photo by MacroPolis

    EconomyMacroeconomy

    percent respectively. In absolute numbers though, the drop in imports was higher than that in exports... by 211 million and lower services surplus by 184 million more than offsetting an narrowing... 1.9 times higher than exports, at 12.55 and 6.72 billion respectively, the goods’ deficit improved

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  6. Current account deficit more than halves to 708 mln in March

    EconomyMacroeconomy

    Greece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48...’ deficit by 438 million and an increase in the secondary income surplus by 99 million. This more than... and a rise in the primary and secondary income balances by 487 and 170 million respectively more than

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  7. Primary cash surplus more than doubles to 2.8 bln in first half of 2016
    Photo by MacroPolis

    EconomyMacroeconomy

    . The monthly balance figure also remained positive at 101 million euros in June but more than halved... deficit stood at 318 million more than doubled from last year’s figure of 147 million. The improvement.... It should be noted though that the accounting method of MoF is different than the one applied

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  8. Poll spells worse trouble for PM than concerns of party turmoil

    PoliticsGreek Politics

    or a referendum would be a better option than coalition MPs approving the deal in Parliament... meeting on Sunday. Rather than a move that could threaten the government’s stability, Sunday’s... that overall the coalition is mostly interested in remaining in power rather than fulfilling its

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  9. Employment balance records 33,620 more hirings than departures in June
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    The employment balance remained in positive territory in June with 33,620 more hirings than... was recorded for those aged 30-44, where 6,259 more departures than hirings took place. Broken down..., the employment balance showed 298,171 more hirings than departures. Ergani noted that the balance

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  10. EFKA fund data shows 30 pct in part-time jobs earning less than 400 euros on average
    Photo by MacroPolis

    EconomyMacroeconomy

    , around 50 percent of insured employees earn less than 818.07 euros gross per month. The report showed that the average monthly salary of women is 19.5 percent lower than the average monthly salary... is equal to women getting paid 36.7 percent less than men. Compared to December 2017, the data showed

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