Search
-
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingby 9.1 percent QoQ to 267.8 million, declining by 1 percent YoY. The cost to income ratio came... by 1 billion QoQ to 35.9 billion at the end of Q1, increasing by 2.8 billion YoY. On a domestic... Test exercise, the results of which were brought forward for Greek banks and published on May 5
8% -
Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammethat is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied... on October 1 and the plan that will be sent to Brussels is that the Finance Ministry will detail
8% -
General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomy) and local governments (-5 million). Increases were noted in hospitals (+67 million), extrabudgetary... (+1 million). At 30.5 percent, arrears of SSFs made up the majority of arrears during the month... and came to 2.38 billion euros, or under 1 percent of the total. Guarantees The stock of gg
8% -
EU elections in Greece: Applying a different scale of values
Agorafrom 29 to 20 percent, bringing down dividend tax from 15 to 5 percent, decreasing property tax by 30.... He said he would instead implement a 1:1 hiring ratio. Three months later, at New Democracy’s party... impact at around 1 billion euros, while the institutions reportedly think it is closer to 1.5 billion
8% -
Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
EconomyMacroeconomythe 1 million mark for a fourth consecutive quarter. However, Q1’s unemployment figure was the highest... decline was seen in the 15-19 age group, where the unemployment rate fell by 5 pps YoY to 50.2... age group where unemployment fell by 2.8 pps to stand at 28.3. An increase of 1 pps was seen in those
8% -
Greece aims to bolster Balkan role to dull impact of EU veto for Skopje, Tirana
PoliticsForeign Policyaffected by delaying the beginning of North Macedonia’s EU accession are: Article 1 paragraph 10... in accordance with Article 1 (3) shall commence at the opening of each EU negotiation chapter in the relevant field, and shall be finalized within 5 years’ time”. There is no other provision related
8% -
PDMA sets 2020 goals to build on improving conditions for debt
Economyin 2019 for a total amount of 9 billion euros, in 5-, 7-, 10-year issues and a tap through... compared to peers. Based on the assumptions of the European institutions, which see growth averaging 1..., in the volume of 3 billion euros, in line with the IMF repayment that took place this year. In scenario 1
8% -
Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... for the Greek economy and now see it contracting by 1 to 8 pct this year. Capital Economics sees economic... sees the Greek recession at 5 pct but warns that it could reach as much as 15 pct in the adverse
8% -
Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingeuros securitisations of Phoenix and Vega in Q2 2021, 7 billion euros of Sunrise 1 in Q3 2021 and 3... Sunrise transformation plan, which is due to be concluded with 1 billion euros of Sunrise 3 in early...) to 279 million euros, while total operating expenses stood at 719 million, a rise of 5 percent YoY
8% -
Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... of 5 pct seen in the latest official data for December. Last week, ELSTAT released the producer price... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies
8%