Economy
Growth of industrial production moderates to 2 pct YoY in Jan
Greece’s Industrial Production Index (IPI) slowed in January with a 2 percent year-on-year (YoY) rise, after a 5.8 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Jan trade deficit at 2.81 bln after rising by 8.5 pct YoY
Greece’s trade deficit rose by 8.5 percent year-on-year (YoY) at the start of 2025, after a drop of 9 percent in December, according to data released by ELSTAT on Monday.
CPI stabilises at 2.5 pct in Feb, housing costs and rents continue to climb
The growth in Greece’s Consumer Price Index (CPI) appears to have stabilised in the recent months, with a rise of 2.5 percent year-on-year (YoY) in February, from 2.7 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
DBRS ups Greece's rating one notch further into investment grade
On Friday DBRS upped Greece's credit rating to ‘BBB’, one notch further into investment grade, while the outlook was lowered to stable from positive.
Quarterly unemployment edges up to 9.5 pct in Q4
Greece’s non-seasonally adjusted quarterly unemployment rate picked up in Q4, rising to 9.5 percent, from 9 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct
Greece’s seasonally adjusted (SA) GDP picked up pace in Q4, rising by 0.9 percent quarter-on-quarter (QoQ), from a 0.4 percent increase in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Negative hiring balance in Jan, but figures improve YoY
Greece’s employment balance started the new year with a negative balance, as there were 15,450 more departures than hires in January, according to data from the Labour Ministry’s Ergani information system.
Alpha Bank's 2024 profits at 654 mln, commision income at 420 mln
Alpha Bank reported a net profit of 654 million euros in 2024, compared to a profit of 618 million euros in 2023, a rise of 6 percent.
NBG 2024 profits at 1.16 bln, commision income up 12 pct at 427 mln
National Bank of Greece (NBG) reported a core profit after tax of 1.32 billion euros in 2024, compared to a profit of 1.2 billion euros in 2023, a rise of 10 percent year-on-year (YoY).
Sharp drop in Jan unemployed leads to lowest rate since Dec 2008
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.7 percent in January, from 9.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.