Economy
Piraeus eyes major NPE deal as banks remain focused on bad loans
One of Greece’s four systemic banks, Piraeus Bank, is rumoured to be working on a substantial deal to address its non-performing exposures (NPEs).
Industrial production up by 3.1 pct in Nov, 0.9 pct since start of year
Greece’s Industrial Production Index (IPI) grew year-on-year (YoY) by 3.1 percent in November from a downward revised fall of 1.2 percent in October, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
Trade deficit grows by 5.7 pct in Nov, aggregate increase at 1.6 pct
Greece’s trade deficit rose by 5.7 percent year-on-year (YoY) in November compared to a slight decline of 0.6 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
Economic sentiment at 101.6 in December, consumer confidence and retail trade strengthen
Greece’s economic sentiment (ESI) down by 0.2 points to 101.6 in December from 101.8 in November, European Commission (EC) figures revealed on Tuesday.
New overdue taxes rise by 857 mln in November, total legacy and new debt at 105.5 bln
The month-on-month rise in Greece's new tax debt came to 857 million in November, declining from the increase of 995 billion noted in October, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday.
November deposit inflows stay negative by 79.4 mln for second consecutive month
Net deposit movement in the Greek banking system remained negative for a second month in November with outflows of 79.4 million compared to outflows of 345.5 million euros in October, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction stays at 1.4 pct in November, loans to enterprises turn positive
Credit contraction in the Greek market remained at 1.4 percent in November, unchanged from October, Bank of Greece (BoG) figures showed on Thursday.
Travel balance rises by 21.4 pct in October
Greece’s travel balance edged up by 21.4 percent in October, following a much smaller rise of 0.8 percent in September, Bank of Greece (BoG) data has shown.
Alpha Bank and Eurobank start new year with further bad loan sales
Two of Greece’s systemic banks moved into 2019 with increased activity on their disposal of their pile of bad loans as the new year heralds a host of ambitious loan reduction targets.
PMI comes to 53.8 in December as rise in foreign demand compensates lower domestic activity
Greece’s manufacturing PMI dropped slightly to 53.8 points in December from 54 in November, staying over the 50-mark threshold for 19 consecutive months.