Economy
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.
Deposits rise by 4.45 bln in December, highest since 2012
Net deposit movements in the Greek banking system were positive by 4.45 billion in December, up from inflows of 3.16 billion euros in November, Bank of Greece (BoG) figures revealed on Friday.
Retail turnover drops by 7.9 pct and volume by 6.9 pct in November
Greece’s retail sales index decreased by 7.9 percent in November following a revised increase of 4.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Disposable income rises by 1.6 pct in Q3 2020
Greek household disposable income rose by 1.6 percent year-on-year (YoY) in the third quarter (Q3) of 2020, improving compared to a decline of 11.8 percent in Q2, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Economic sentiment declines to 90.7 points in January as construction and retail strengthen
Greece’s economic sentiment (ESI) declines by 1.1 points month-on-month in January to reach 90.7 points, European Commission (EC) figures showed on Thursday.