Economy
Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
The budget primary balance came to a surplus of 6.08 billion euros in October, compared to a deficit of 350 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
IMF sees short-term progress and persistent long-term challenges
The IMF published on Tuesday the concluding staff statement of the mission in the context of the Article IV consultations which took place recently.
Annual contraction of import prices slows in Sep, index growing MoM since Jun
Greece’s import price index continued to contract in September but at a considerably slower rate compared to recent lows as it fell by 9.2 percent year-on-year (YoY), after dropping by 14.6 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
The Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.
Vehicles market grows strongly by 38.9 pct, led by new passenger cars
Road motor vehicles going into circulation for the first time picked up further pace in October, growing strongly by 38.9 percent year-on-year (YoY), after a 15.6 percent rise in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Industrial production returns to growth of 2 pct in September
Greece’s Industrial Production Index (IPI) returned in positive territory in September, reversing three contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
Greece’s Consumer Price Index (CPI) more than doubled in October, with a 3.4-pct rise year-on-year (YoY), after an increase of 1.6 pct in September, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
Eurobank posted an adjusted net profit of 916.3 million euros in 9M 2023, compared to a profit of 924.2 million euros last year, a drop of under 1 percent.
Trade deficit to Sep drops by 18.1 pct, exports struggle with 6.4 pct decrease
Greece’s trade deficit recorded a drop of 25.9 percent year-on-year (YoY) in September, after a decline of 7 percent in August, according to data released by ELSTAT on Tuesday.
NBG's NII rises by 73 pct to 1.64 bln in 9M
National Bank of Greece (NBG) reported a core profit after tax of 855 million euros in 9M 2023, compared to a profit of 284 million euros in 2022, a significant rise year-on-year.