The renewal of the term of office of Giannis Stournaras as head of the Bank of Greece was approved by the Parliament's Board of Directors. Stournara was voted in favour of the South West MPs, while PASOK said «present», with his rapporteur, Pari Koukouopoulos, however, to positively assess his progress so far. «Present» also stated the KKE, while [...]
**Article summary**
The Governor of the Bank of Greece, Giannis Stournaras, whose term of office was renewed for the third time, estimated that the Middle East war would end due to the forthcoming elections in America, as it is not in anyone's interest to continue. He stressed that Greece has budget pillows, although the extension of the war would increase oil, gas and food prices. Stournaras explained that higher inflation in Greece is due to excessive demand and rejected the claims of bank overprofit, stressing that they have normal profits after years of losses.
# Investment movements and political developments
Three shares stood out on the Athens Stock Exchange: Bylot, Furlis and PPC. Bylot expects swap activation via Deutsche Bank for 40 million shares, while Theodore Fessa via Quest holds 11% in Furlis with growth expectations over 15%. PPC at 20 euros is interesting with rumors about a deal with an American data center group. In politics, George Mylonakis faced a serious health problem, while the third term of Giannis Stournaras was proposed at the Bank of Greece.
# Revealing evidence of wages at the Bank of Greece
The 2,017 employees of the Bank of Greece are in the wage penthouse with average annual earnings of 94,200 euros mixed, according to the financial report of 2025. The increases were launched at 10.92% last year, due to the Operational Convention 2024-2027 and the Sectoral OTOE Convention. On the other hand, Commander Giannis Stournaras has maintained reduced earnings since 2014 to EUR 210,000 per year. In commercial banks, average wages range from EUR 36,389 (Eurobank) to EUR 51,196 (Optima Bank), significantly below the central bank.
