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Eurobank posts Q1 net profit of 70 mln
EconomyBanking, Eurobank said that fewer of its loans turned sour than it expected in the first quarter, as pandemic... is coming from low new NPE formation, significantly better than expected.” Asset quality The stock of non... million euros, which the bank said was less than expected, while provisions over NPEs were 61.9
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Six in 10 Greeks earn less than average salary of €1,022 in private sector
Societyand grosses less than the average salary in the private sector. These are the general characteristics... than 1,022 euros a month, the average salary in the private sector, according to separate data from the country’s largest insurance fund IKA-ETAM. In 2013, the number of employees earning less than
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More than half of Greek households rely mainly on pensions
Societyhouseholds in 2015. Last year’s figure was slightly lower than the record 52 percent recorded in 2014 but almost ten percentage points higher than the 2012 share of 42.3 percent. Of those households... at less than 10,000 euros. The outlook for 2016 remains similarly negative, with seven in ten Greek
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomy. The headline figure is slightly worse than the 0.4 percent QoQ contraction in the flash estimates released... in Q4 2015. Today’s figure for Q1 is slightly higher than the -1.3 percent released in flash estimates... reflects a nosedive in disposable income by more than 30 percent. This is attributed to a sharp rise
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Greek teens less likely to smoke, get drunk than European peers but gamble more
Societydrink, and are the most likely to have gambled for money than their peers in Europe. These are some... percent of them more than once, compared to an average of 23 and five percent, respectively. As was the case in Denmark and the Czech Republic, more than 90 percent of teenagers in Greece reported easy
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Opposition senses PM's position on phonetapping becoming weaker
PoliticsGreek Politicsthe impression among observers that rather than lay the issue to rest, as Mitsotakis would have wanted... weeks, listing more than 100 people who were allegedly targeted by Predator. The opposition sees... of willingness, even among victims, to come forward. Very few of those on the list of more than 100
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Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
EconomyMacroeconomyof more than 50 points. S&P notes that the rate of growth in January was the fastest since April 2022... sharpest in two years, slower than only that seen in July 2023. Manufacturers noted that the rise was due..., as output prices rose at a solid pace, sharper than the series trend, despite the softening rate
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicsand 3,350 euros extra for each child) to enjoy protection. The quadriga appeared willing to discuss the threshold of 120,000 euros based on the market, rather than taxable, value of the property but insisted
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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeto bring in the targeted revenues. The Finance Ministry and the quadriga seem to agree on the taxation... are requesting lower rates for those with less than 20-25 working years and higher for 25-40 years compared
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Calls for snap polls, parliamentary probes set tone for polarised politics
PoliticsGreek Politicsas it agrees more than 5 billion euros in new austerity measures with Greece’s lenders could help New... to finalise the latest fiscal adjustment measures with the quadriga of creditors and then submit them
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