Economy
NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct
National Bank of Greece (NBG) reported a profit after tax of 861 million euros in 2022, compared to a profit of 832 million euros in 2021, a rise of 6 percent.
Import prices stabilise at high levels in Jan with rise of 0.4 pct YoY
Greece’s import price index barely moved in January, as it rose by just 0.4 percent year-on-year (YoY), after a rise of 11 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Car sales contract by 8.2 pct YoY in Feb amid drops for used passenger vehicles and lorries
Road motor vehicles going into circulation for the first time fell back into negative territory in February, dropping by 8.2 percent year-on-year (YoY) after a solid jump of 54.6 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
CPI slows to 6.1 pct in Feb as energy moderates, but rising food prices persist
The pace of Greece’s Consumer Price Index (CPI) dropped further in February, rising by 6.1 percent year-on-year, after increasing by 7 percent in January, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
DBRS leaves Greece a notch from investment grade, outlook stable
DBRS announced on Friday that it is keeping Greece’s rating unchanged at BB (High) with a stable outlook, one notch below the agency’s investment grade rating.
Industrial production up by 0.5 pct in Jan, electricity supply drops
Greece’s Industrial Production Index (IPI) turned marginally positive in January, growing by 0.5 percent year-on-year (YoY), after falling by 1.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit drops 21.9 pct YoY in Jan, reflecting base effects
Greece’s trade deficit opened 2023 with a drop year-on-year (YoY), falling by 21.9 percent, after a drop of 10.6 percent in December, according to data released by ELSTAT on Friday.
Eurobank net profit jumps 4x to 1.33 bln in 2022, NPE ratio at 5.2 pct
Eurobank posted an adjusted net income of 1.17 billion euros in the full 2022, compared to a profit of 424.3 million euros in the previous year.
Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct
Greece’s seasonally adjusted (SA) GDP increased by 1.4 percent quarter-on-quarter (QoQ) at the close of 2022, from a rise of 0.4 percent in Q3, after the previous drop by 0.5 percent was revised upwards, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
Jan delivers most negative hiring balance since 2017
Greece’s employment balance turned negative in January, with 27,611 more departures than hires, according to data from the Labour Ministry’s Ergani information system.