Economy
Stress tests not proving stressful for Greek banks any longer
The EBA announced at the end of last month the results of the EU-wide stress tests for 2023, which confirmed that the Greek banking sector has left behind the tumultuous period that followed the debt crisis when the exercise was usually a source of concern that unearthed capital shortcomings.
Waiters and hospitality jobs lead way as hiring balance improves YoY in June
Greece’s employment balance in June was positive by 28,761 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
NBG's NII jumps 75 pct to 1.05 bln in H1
National Bank of Greece (NBG) reported a core profit after tax of 508 million euros in H1 2023, compared to a profit of 142 million euros in 2022, a significant rise year-on-year.
Unemployment rate hits 11.1 pct in June as recovery loses steam
Greece’s seasonally adjusted (SA) unemployment rate landed at 11.1 percent in June, from an upwards revised 11.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
PMI records 6 months of improved manufacturing conditions, but outlook less upbeat
Greece’s Manufacturing PMI remained in expansion territory in July, rebounding to 53.5 points, from 51.8 points in June, according to S&P Global data released on Tuesday.
Piraeus Bank NII at 881 mln in H1 after nearly doubling YoY in Q2
Piraeus Bank posted a net profit of 300 million euros in H1 2023, with Q2 2023 profit at 120 million euros, up from 92 million in the same quarter of 2022.
Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
Eurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent.
Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct
Greece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Producer prices for June increase in most categories aside from energy
Greece’s Producer Price Index (PPI) contracted for the fourth successive month in June, dropping by 11.7 percent year-on-year (YoY), after falling by 12.9 percent in May, ELSTAT data showed on Friday.
Building activity records modest growth in April, up 10 pct in first four months
Building permits recorded a modest movement in April, rising by 0.9 percent year-on-year (YoY), after rising by 34.2 percent in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.