Economy
Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
Piraeus Bank posted a net profit after tax of 612 million euros in H1 2024, from 442 million euros in H1 last year.
Late Easter helps retail sales rise by 14.3 pct YoY in May
Greece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
June unemployment rate at 9.6 pct as seasonality favours labour market
Greece’s seasonally adjusted (SA) unemployment rate dropped in June, landing at 9.6 percent, from 10.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
Greece’s employment balance moderated in June, with 23,961 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Led by energy, producer prices drop by 0.7 pct YoY in June
Greece’s Producer Price Index (PPI) remained in contraction in June, dropping by 0.7 percent year-on-year (YoY), after falling by 1.4 percent in May, ELSTAT data showed on Tuesday.
Economic sentiment falls sharply in July as nearly all segments deteriorate
Greece’s economic sentiment (ESI) fell sharply in July, reaching 106.8 points, from 110.5 points in the previous month, according to European Commission figures released on Tuesday.
Greece's ongoing divestment from banking sector creates new lender, stirs controversy
The deal for the merger between Attica Bank and Pancreta raised more questions than the Greek authorities would have anticipated regarding what was presented as one of the final steps for the state to reduce its participation.
Primary surplus reaches 2.91 bln in Jun as VAT and corporate tax lead revenue outperformance
The budget primary balance was confirmed at a surplus of 2.91 billion euros in June, compared to a surplus of 2.12 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Construction market remains strong in Apr as building permits rise by 40 pct
The strong start to the year for building activity kept its pace in April, with a rise of 40.1 percent year-on-year (YoY), after a 39.8 percent increase in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Business deposits at forefront of June's 3.83 bln rise in savings
The net private sector deposits in the Greek banking system shot up in June with a rise of 3.83 billion euros, after a 303-million-euro rise in May, based on the latest Bank of Greece (BoG) figures released on Thursday.