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First visit by quadriga to Athens leaves series of issues unresolved

Mon, 26 Oct 2015 08:09:00 GMT

. Labour Minister Giorgos Katrougalos presented to the quadriga the key pillars and measures...The first visit of the quadriga mission chiefs to Athens after the signing of the third bailout... forecasts, with the quadriga aligning its estimates with the Greek government’s, which points to a milder

Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

Wed, 24 Mar 2021 15:25:00 GMT

Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

Greek current account deficit widens by 32.4 pct in November despite services surplus

Tue, 20 Jan 2015 11:09:00 GMT

Navarino by a Cyprus-based company owned by the Olayan Group. For the 11-month period, non-residents... government net receipts from the EU. In contrast, the services’ surplus rose by 128 million, while... to that of imports (+1.5 percent). The widening of the services surplus by 20 percent is mainly due to soaring

High unemployment, falling wages damaged sustainability of largest Greek pension fund

Tue, 02 Feb 2016 08:57:00 GMT

fund has lost a cumulative amoung of 16.5 billion in the 2010-14 period. In addition, this is a result

Helped by trading gains, Eurobank posts 305 mln in Q1 profits

Thu, 26 May 2022 11:44:00 GMT

Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions

CPI stays flat in December, falls by 0.8 pct in 2016

Wed, 11 Jan 2017 11:05:00 GMT

month. In addition, the goods’ index stayed flat, while the services’ index edged up 0.1 percent... in December after a short-lived drop of 0.2 percent in November. Prices of main groups of goods and services...), miscellaneous goods and services (-1.8 percent) and recreation and culture (-1.5 percent). In more

Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs

Thu, 01 Jun 2017 06:42:00 GMT

-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following.... During the conference call, management reiterated that it expects NII to stay flat in the course... that 500 million of NPEs have already been assigned to CEPAL, the first NPL servicer licensed

Current account surplus at 1.21 bln in September on services balance growth

Mon, 20 Nov 2017 11:29:00 GMT

, while liabilities under direct investment increased by 305 million. The BoG noted that the most... by 348.1 million euros year-on-year and was mainly driven by a rise in the services balance, which rose.... The services balance grew by 14.5 percent off improvements in all subaccounts, and stood at 2.76

Greek stocks end week flat as Friday’s strong rebound erased earlier losses

Fri, 16 Dec 2016 16:05:00 GMT

The Greek equity market moved sideways this week, ending almost flat (-0.1 percent), while trading volumes were softer than the previous week. The ESM decision to freeze the implementation of short... on Friday virtually flat from the end of the previous week. Overall, Greek stocks have gained 4.5 percent

Greek stocks remain flat during week, banks underperform

Fri, 29 Jul 2016 16:26:00 GMT

The Greek equity market traded sideways amid muted sessions this week, ending flat compared to the previous week’s closing. S&P affirmed last Friday evening Greece’s ‘B-/B’ ratings with a stable outlook, reflecting its view that the government is meeting, albeit with delays, the terms of the third