Economy
Retail sales up by 20.2 pct YoY in Mar, effects of inflation emerge in volume data
The growth in Greece’s retail sales accelerated to 20.2 percent year-on-year (YoY) in March, after an increase of 16.9 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Producer prices skyrocket by 48.8 pct in Apr as energy products shoot up by 90 pct
Greece’s Producer Price Index (PPI) recorded another explosive rise in April, shooting up by 48.8 percent year-on-year (YoY), after jumping by 46.2 percent in March, ELSTAT data said on Monday.
Economic sentiment improves to 108 in May, consumer confidence also recovers by 4 pts
Greece’s economic sentiment (ESI) recovered by 2.9 points in May, rising to 108, after dropping sharply by 7.9 points in April, according to European Commission figures released on Monday.
Credit growth at 2.8 pct in Apr, highest in 13 months
Credit movement in the Greek private sector accelerated to 2.8 percent year-on-year (YoY) in April, from 1.6 percent in March, and 1.4 percent in February, Bank of Greece (BoG) figures released on Friday showed.
Deposits grow by 1.35 bln in April, reversing Q1 trend
The net private sector deposit movement in the Greek banking system in April turned positive to 1.35 billion euros, from a negative flow of 989 million euros in March, and negative movement of 258 million seen in February, based on Bank of Greece (BoG) figures released on Friday.
NBG profits narrow to 208 mln in Q1
National Bank of Greece (NBG) reported a profit after tax of 208 million euros from continued operations in Q1 2022, compared to a profit of 583 million euros in the same quarter of 2021, a drop of 64 pct.
Growth in building permits rises to 13.7 pct for Feb after slow start
The growth in building permits picked up pace again in February, with total permits rising by 13.7 percent year-on-year (YoY), from 4.3 percent in January, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday.
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021.
Helped by trading gains, Eurobank posts 305 mln in Q1 profits
Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year.
Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
The budget primary balance for the first four months of 2022 was confirmed at a deficit of 799 million euros, compared to a deficit of 6.2 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.