Economy
Exporters focus on new markets to weather pandemic
Greek exporters are continuing their efforts to ride out the coronavirus pandemic and its second wave by looking at how to change their export profile and tap into new export markets.
Apartment prices rise by 3.2 pct in Q3
The rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the third quarter (Q3) of 2020 from an increase of 4.1 percent in Q2 2020, Bank of Greece (BoG) data showed on Monday.
Retail turnover and volume both drop by 3.5 pct in September
Greece’s retail sales index decreased by 3.5 percent in September following a revised drop of 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
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”.