Financial News

Positive sign for the Greek institutional managers market for the third quarter

In the third quarter of 2024, the Greek institutional management market recorded significant growth, with total assets under management amounting to €36.86 billion, up 7.38% from the previous quarter and 23.78% from the end of 2023. This increase is indicative of a steady recovery and strengthening of investor confidence. Increase in individual categories of institutional management Assets

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At 0.25%, the countercyclical capital buffer rate

The Bank of Greece announced that the countercyclical capital buffer for the banking system will be set at 0.25%, effective from October 1, 2025. This measure aims to strengthen the resilience of banks to future crises by building up capital buffers when systemic risks are not particularly elevated. This percentage was decided after assessing factors such as

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Dialogue on the Minimum Wage and Collective Agreements: Meeting between Niki Kerameos and the Hellenic Confederation of Commerce and Entrepreneurship (ESEE)

The Minister of Labor and Social Security, Niki Kerameos, met with the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) as part of a dialogue to set the minimum wage and promote collective bargaining, with the aim of incorporating the relevant European directive into national law. During the meeting, two key issues were discussed: the minimum wage and collective labor agreements.,

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