Economy
Pandemic continues to bite into 9M profitability
Aegean Airlines’ nine-month (9M) results for 2020 showed that revenues fell by 67 percent compared to the same time last year.
Economic sentiment dips to 91 in November as consumer confidence continues to slide
Greece’s economic sentiment (ESI) dropped by 1.3 points month-on-month in November to reach 91 points, European Commission (EC) figures showed on Friday.
Credit growth continues with 2.5 pct increase in Oct
Credit movement in the Greek private sector rose by 2.5 percent in October after an increase of 2.4 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits rise by 2.53 bln in October
Net deposit movements in the Greek banking system were positive by 2.53 billion euros in October, up from inflows of 1.16 billion euros in September, Bank of Greece (BoG) figures revealed on Thursday.
Alpha Bank Q3 results reflect net profits of 43.8 mln
Alpha Bank reported net profits of 43.8 million euros for the third quarter (Q3) of 2020 compared to a net profit of 97.5 million euros in Q2 2020.
Budget primary confirmed at deficit of 9.07 bln in October
The budget primary balance recorded a deficit of 9.07 billion euros in the first ten months of 2020, compared to a surplus of 5.74 billion noted in October 2019, the final Finance Ministry (MoF) budget execution bulletin for October showed on Wednesday.
Many obstacles to clear in Greece's digital leap
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Announcing the establishment by Microsoft of a regional cloud computing hub in Greece, Prime Minister Kyriakos Mitsotakis said that his government was focussing on “the digital transformation of government and the economy” as a critical step in achieving “Greece’s leap into the future, placing Greeks among the winners of the 4th industrial revolution”.
Piraeus Bank posts pre-tax losses of 133 mln in 9M
Piraeus Bank’s nine-month (9M) results revealed pre-tax losses of 133 million euros compared to pre tax profits of 110 million euros in the relevant period in 2019.
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
The report for the eighth post-programme review published last week included an update of the debt sustainability analysis (DSA) for Greece, the first revision since the one conducted in the context of the fifth review at the start of the year, before the pandemic struck.
Travel balance falls by 70.9 pct in September as 12.6 bln in receipts vanish in aggregate
Greece’s travel balance came to 776.5 million euros in September from 2.67 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 70.9 percent year-on-year (YoY).