Economy
Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
Greece’s import price index slowed down its pace in September, rising by 24.2 percent year-on-year (YoY), from 32 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
The moderate movements of Greece’s debt managers to navigate through the sovereign debt turbulence continued on Monday with the re-opening of the 10-year benchmark that was initially issued in January.
EC cuts 2023 growth forecast by more than half to 1 pct
In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.
Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
Piraeus Bank posted a net profit of 729 million euros in the nine months (9M) of 2022, from losses of 3.09 billion euros last year, due to 3.75 billion euros in clean-up impairments in 9M 2021.
NBG reports 652 mln profit in 9M, core PPI up 14 pct
National Bank of Greece (NBG) reported a profit after tax of 652 million euros from continued operations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop of 11 percent.
Business transformation paying off as Eurobank records 932.3 mln profit in 9M
Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year.
Car sales growth slows to 2.4 pct in Oct, taking 10-month rise to 4.5 pct
The rise in road motor vehicles going into circulation for the first time slowed down further in October, rising by 2.4 percent year-on-year (YoY), from 4.7 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Industrial production back in negative territory for Sep as electricity supply drops sharply
Greece’s Industrial Production Index (IPI) dropped into negative territory in September, falling by 1.1 percent year-on-year (YoY), after growing by 4.4 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
CPI slows to 9.1 pct YoY as electricity and natural gas prices drop MoM
Greece’s Consumer Price Index (CPI) grew by 9.1 percent year-on-year (YoY) in October, slowing down from the jump of 12 percent in September, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
Alpha Bank reported a net profit of 335.4 million euros in 9M 2022, compared to a loss of 2.5 billion euros in the same period of 2021.