Economy
Greek banks contemplate shared branching
How would you feel if your neighborhood bank operated one day as National, the next as Eurobank, the third as Alpha Bank, the fourth as Piraeus and the fifth as a cooperative lender?
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Commission discusses minimum wage hike
A special commission tasked to determine an adequate hike in the minimum wage for more than 7 million workers held a second meeting on June 19.
The first meeting of the Minimum Wage Determination Commission took place on June 13.
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UN steps up criticism of IMF and World Bank
From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one — the secretary-general of the United Nations — is pressing for major changes in the other two.
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Central Bank’s rate-setting meeting to be held this week
All eyes will be on the Central Bank this week when the Monetary Policy Committee (MPC) is set to meet on June 22 to decide about the policy rate.
Positive feedback for banks at Paris roadshow
The management teams of Greece's four systemic banks received a very positive welcome from the representatives of international institutional portfolios at the three-day European banking roadshow organized last week by Goldman Sachs in Paris, sources have indicated.
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HFSF’s stake in Attica Bank set to rise to 72%
A legal provision on deferred taxation, for the third time in the last two years, has been triggered by Attica Bank recording a 386.6-million-euro loss for 2022, leading to a new increase in the percentage controlled by bank rescue fund HFSF in Attica's share capital, from the current 69.5% to almost 72%.
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End-year inflation expectations deteriorate
Inflation expectations for the end of 2023 increased from 37.12 percent in May to 38.55 percent in June, the Central Bank's Survey of Market Participants showed on June 16.
The 12-month ahead expectations also rose from 29.8 percent to 30.65 percent.
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Government’s medium-term program to be revised: Yılmaz
The government is considering revising the medium-term program in September, Vice President Cevdet Yılmaz has said.
The revised program will provide a framework for fiscal and monetary policies and include structural reforms, Yılmaz said in an interview with private broadcaster CNN Türk.
Central banks diverge over regional challenges
In Washington they paused; in Frankfurt they hiked; and in Beijing, they cut.
Central bankers in three of the world's key economic regions have unveiled divergent monetary policies this week as they each contend with their own challenges.
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ATHEX: Index hits highest level since 2014
The Greek stock market rebounded after Thursday's respite to post a fresh nine-year high on Friday with the help of most blue chips, though not banks. The June triple witching sent turnover soaring, along with the upcoming rebalancing of the indexes.
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