Economy
OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
The OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December.
NBG posts 557 mln profit in Q1
National Bank of Greece (NBG) reported a profit after tax of 557 million euros in the first quarter (Q1), compared with a profit of 304 million euros in the same quarter of 2020.
Retail turnover drops by 3 pct and volume by 0.9 pct in March
Greece’s retail sales index decreased by 3 percent in March following a revised drop of 4 percent in February, Hellenic Statistical Authority data showed on Monday.
Economic sentiment rises to 108.6 pts in May; industry hits 2007 high
Greece’s economic sentiment (ESI) rose sharply in May by 10.7 points to 108.6 points, following a 1 point month-on-month rise in April, European Commission figures showed on Friday.
Unemployment at 15.9 pct in February
Greece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in February from a revised 16.1 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Friday.
Eurobank posts Q1 net profit of 70 mln
Eurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13 million compared with the same quarter of 2020.
Piraeus announces Q1 loss of 407 mln as provisions mount
Piraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses.
Budget primary deficit confirmed at 6.2 bln in April; below target
The budget primary balance recorded a deficit of 6.2 billion euros in the first four month of 2021, compared with a deficit of 1.52 billion in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for April showed on Tuesday.
Travel balance falls by 71.7 pct in March
Greece’s travel balance came to a surplus of 9.2 million euros in March from 32.5 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 71.7 percent year-on-year (YoY).
Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
Alpha Bank reported a net loss of 283.3 million euros for the first quarter (Q1) of 2020 on Monday, bringing forward the publication of its results by several days after announcing on that it would carry out an 800 million euro share capital increase.