Economy
Alpha Bank Q1 NII rises by 5.3 pct, commission income soars by 29 pct
Alpha Bank reported a net profit of 181.5 million euros in Q1, compared to a profit of 218.5 million euros in Q1 2025, a drop of almost 17 percent.
Greece braces for major inflation shock as Middle East standoff continues
With the war in Iran far from settled and the main choke point for global energy and trade still in place - as the Strait of Hormuz remains essentially shut - newly released data points to a severe inflation shock for the Greek economy.
April primary surplus beats target thanks to improved taxes and contained spending
The budget primary balance produced a surplus of 5.18 billion euros up to April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
Greece’s import price index jumped by 11.4 percent year-on-year (YoY) in March, after a 3.2 percent decrease in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
Vehicles going into circulation for the first time had marginal gains of 0.6 percent year-on-year (YoY) in April, after a jump of 16.5 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Iran war begins to bite as costs rise and confidence falls
The impact of the protracted Iran conflict is now filtering into the Greek economy and is reflected in hard data and sentiment indicators covering periods after the war began at the end of February.
Electricity supply pushes industrial production up 8.3 pct YoY in March
Greece’s Industrial Production Index (IPI) accelerated in March with a rise of 8.3 percent year-on-year (YoY), from 2.3 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
NBG reports profits of 344 mln in Q1, NII at 541 mln
National Bank of Greece (NBG) reported a profit after tax of 344 million euros in Q1, compared to a profit of 381 million euros in Q1 2025, a drop of almost 10 percent year-on-year (YoY).
Fitch leaves rating at 'BBB' and outlook unchanged, sees strong fiscal performance
Fitch reaffirmed on Friday Greece’s rating at ‘BBB’ with a stable outlook, citing stronger fiscal and macroeconomic fundamentals, resilient growth, and improved policy credibility, while noting that the country still faces structural vulnerabilities stemming from the debt crisis.
Trade deficit narrowed by 30.5 pct YoY in Mar, down 7.2 pct in Q1
Greece’s trade deficit fell sharply in March with a 30.5 percent year-on-year (YoY) drop, after a jump of 14.3 percent in February, according to data released by ELSTAT on Friday.