Economy
Coca-Cola HBC sales revenue falls by 12.7 pct in 2020
Coca-Cola HBC’s full year results for 2020 showed that net profit dropped 14.9 percent last year to 414.9 million euros.
Finance Ministry grapples with escalating cost of pandemic
Finance minister Christos Staikouras announced on Monday that the cost of support measures for the economy in the first quarter alone will come to 5.9 billion euros – close to 80 percent of the amount budgeted for the whole year.
Industrial production up by 3.3 percent in December
Greece’s Industrial Production Index (IPI) rose by 3.3 percent year-on-year (YoY) in December following a revised increase of 8.9 percent in November, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
Greece’s general government (gg) primary cash deficit came to 12.55 billion euros last year compared to a surplus of 9.46 billion in 2019, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Trade deficit falls 10.8 pct in December as exports rise slightly
Greece’s trade deficit fell by 10.8 percent year-on-year (YoY) in December compared to a drop of 18 percent in November, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
Mytilineos Group’s turnover drops by 16 pct in 2020
The industrial conglomerate Mytilineos Group’s full year 2020 financial report has highlighted that turnover dropped to 1.9 billion euros from 2.26 billion euros in 2019, a fall of 16 percent year-on-year (YoY).
Pandemic drove 28.4 bln of bank loans into moratorium last year
The quantity of loans that went into moratorium last year from the end of March stood at 28.4 billion euros, according to an update from the Finance Ministry.
Hercules nears end of its first cycle with National Bank's participation
The government’s Hercules Asset Protection Scheme (APS) for reducing bad loans on the books of the country’s major banks now includes all four systemic lenders following National Bank of Greece’s application to participate in the plan.
PMI rises to 50 points in January on hopes of vaccine roll-out
Greece’s manufacturing PMI rose to 50.0 points in January from 46.9 points in December, according to the latest data from Markit.
Credit growth in December rises to 3.4 pct, highest since March 2010
Credit movement in the Greek private sector rose by 3.4 percent in December after an increase of 2.6 percent in November, Bank of Greece (BoG) figures showed on Friday.