Economy
Piraeus announces transformation plan amid 2020 loss of 662 mln
Piraeus Bank posted a loss of 662 million euros last year as it suffered from impairments arising from Covid and one-offs loan securitisation losses.
Loans under credit servicing firms jumps by 19 pct QoQ to 38.9 bln
The Bank of Greece’s (BoG) released statistics for the fourth quarter (Q4) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Car sales drop by 18.8 pct in February
Road motor vehicles going into circulation for the first time fell by 16.4 percent in February compared to a drop of 27.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed.
Turnover in tourism drops by 57.6 pct in Q4
The turnover index in accommodation and food services fell by 57.6 percent year-on-year in the fourth quarter, a third straight quarter when it dropped by more than half, Hellenic Statistical Authority figures showed on Friday.
Building permits drop by 0.7 pct in December; rise 9.2 pct in 2020
Building permits fell by 0.7 percent year-on-year (YoY) in December after a drop of 12.4 percent seen in November, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
Eurobank posted its biggest loss since 2014 last year as the price of a restructuring that will bring down its bad loans ratio to a level approaching the European average.
Trade deficit falls by 23.8 pct in January as EU imports drop 7 pct
Greece’s trade deficit fell by 23.8 percent year-on-year (YoY) in January compared to a drop of 10.8 percent in December, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
Industrial production up by 3.4 percent in January
Greece’s Industrial Production Index (IPI) rose by 3.4 percent year-on-year (YoY) in January following a revised increase of 3.5 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
CPI falls by 1.3 pct YoY in February; increases 0.2 pct MoM
Greece’s Consumer Price Index (CPI) fell by 1.3 percent year-on-year (YoY) in February compared to a decline of 2 percent seen in January, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Apartment prices rise by 2.6 pct in Q4, increase 4.2 pct in 2020
The rise in the nominal value of apartments in Greece came to 2.6 percent year-on-year in the fourth quarter of 2020 from an increase of 3.5 percent in Q3 2020, Bank of Greece data showed on Tuesday.