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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingoperations, results came to a loss of 1 million euros versus a loss of 571 million euros in Q4... quarter-on-quarter (QoQ) to 137 million. Year-on-year (YoY) fell by 1 percent compared to Q1 2019... dropped by 12 bps QoQ to 52 bps, with the frontbook coming in at 31 bps. As a result, the bank's
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Reshuffle back on the cards as PM unveils plans for Greek industry
PoliticsGreek Politicsafter July 1, once the economy has fully reopened after the lockdown and “at a time of the PM’s... to be announced between July 1 and the Thessaloniki Expo in early September, with more precise speculation... for the number to be raised to 12 percent over the next four years, with a long-term goal of 15
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingPhoenix in the Hellenic Asset Protection Scheme to the value of 1 billion euros. NBG’s domestic NPE... to 12 percent in H1 from 25.9 percent in H1 2019 while the NPL coverage ratio came to 77.5 percent... is valued around 5 billion euros with 1 billion of this relating to mortgages. NBG noted that it had
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Greece persistently bottom of the list for EU gender equality
Societygender equality. The Index uses a scale of 1 to 100, where 1 represents total inequality and 100... banks versus 22.1 percent in the EU. Women make up 12 percent of members of the boards of research
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicslast week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... wage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary... continues on its upward trend, rising from 11 to 12 pct.
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Scant recognition of energy crisis in draft climate law, but EU package may force tougher targets
PoliticsGreek Politicsthat Greece can expect to secure around 1 billion euros in grants and 5 billion in grants from... homes by 2029. Covid One of the last remaining Covid restrictions is due to be lifted on June 1... and long-distance buses. Covid numbers in Greece have been falling in recent weeks, with a 12 pct
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Newsletter 363 - 16/12/2022
described it as a historical and deeply symbolic moment, being the first budget in 12 years... dropped by 0.8 points, while SYRIZA’s backing has risen by 1 percentage point. However, New... and the state budget had to chip in with close to 1 billion euros. Low energy demand during October
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Newsletter 375 - 24/03/2023
, Greek Solution 13 and MeRA25 12. Such a scenario would almost certainly lead to a second vote... a yield of less than 1 pct, at 0.87 pct. The offers had exceeded 29 billion euros. With some... as the oil balance reached a deficit of 646.9 million euros, from 1 billion euros last year.
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
EconomyMacroeconomyexpects Greece to stick to commitments, with the primary surplus this year at 1 pct of GDP and doubling... of this year is expanding by a rate of 12 pct annually. The improvement in public finances has led..., followed by S&P on October 20 and Fitch again on December 1.
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Newsletter 396 - 06/10/2023
Democracy is backing for the 13 regional governorships. There are currently 12 ND-backed regional governors... of GDP, dropping to 1 pct of GDP in 2024 at 2.4 billion euros. Debt grows by just 1 billion euros
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