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Impact of pandemic, lockdowns reflected in lower household spending during 2020
Societyexpenditure in 2020 came to 15,982 euros per year, or 1,332 euros per month, a drop of 9.9 pct against 2019. The average expenditure per person annually also dropped by close to 10 pct at 6,256 euros
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Lack of vaccines led to panic in B&H, yet now they are going to waste
Agoradeaths per million inhabitants, it ranks second in the world, and first in Europe (with only Peru... of BiH employees receive an average monthly salary of 510 euros (pension averages 218 euros per month), while they need 1,057 euros for consumer items per month. Commenting on the increase in food
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesper 100,000 population. This is a comparatively low figure even by European standards... more than twice the number of startups, with 35 per 100,000 people. The overwhelming majority of Greek... three times as many investment rounds per dollar raised compared to their peers based abroad
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Where is Odysseus? Part 3 - Participation
Agorathat is sometimes mentioned in the press. OECD statistics show that the average number of hours worked per... working more (OECD hours worked per employee)? The reconciliation lies exactly in the lower participation..., Iceland, Netherlands), which brings their statistics for hours worked per employee down (the OECD
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingin the bank for a price of 1.33 euros per share. This marked the start of a competitive process... offer by UniCredit to 1.39 euros per share, absent any other offers. The total proceeds for the Greek... stake, possibly rising to 22 pct if there is strong demand, based on a range of 5 to 5.44 euros per
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Survey of 2023 household budgets highlights lasting effects of debt crisis
Societyprominent. At current prices, average annual expenditure per household in 2023 increased by 5.3 pct... when it grew by a more moderate 1.7 pct to 19,876 euros. Per person spending at current prices... started in 2017 and now stands at 1,685 euros per household at current prices. Average monthly
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After Q3 results, what next for Greek banks?
Agora, while at the same time confirming expectations of a domestic net interest income (NII) rebound, cost... be provided by the recent ECB rate cut, which is expected to further lower their funding cost by a total 180 million. Cost containment was the second positive element of pre-provision profitability
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankinghigher deposit NII on deposit spread improvement by 20 bps and lower funding cost. In contrast, loan... interest margin (NIM) reached 2 percent. On the cost front, operating expenses remained almost flat QoQ... percent decrease in personnel and administrative expenses respectively. Cost to income ratio
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingfunding cost, also involving a 26 bps drop in time deposit rates, and higher loan NII. June time... realised so far 65 percent of the targeted cost synergies and 100 percent of funding synergies... by 1 percent QoQ, cost of risk remained flat at 2.6 percent. Cumulative provisions (LLRs) improved
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingpercent QoQ to 491 million euros, reflects higher deposit NII and lower funding cost more than... with lower Eurosystem funding cost has resulted in an annualised benefit of 400 million from... reflecting a one-off cost of 195 million related to the voluntary separation scheme (VSS). The bank
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