Economy
Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
The Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite the global challenges - sees Greece outperforming EU peers and avoiding a recession, while also delivering a primary surplus.
Travel receipts almost double, but current account deficit rises by 78 pct in 9M
Greece posted a current account (C/A) deficit of 811.4 million euros in September, from a surplus of 449.1 million euros in August, Bank of Greece (BoG) data showed on Monday.
Industrial turnover grows by 23.5 pct in Sep for lowest rise since end-2022
Greece’s industrial turnover remained on a solid growth path in September, rising by 23.5 percent year-on-year (YoY), though significantly slowing from the growth of 42 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3
Greece’s central government debt recorded a small drop of roughly 700 million euros in the third quarter of the year to 393.49 billion euros, after falling by 365 million to 394.18 billion euros in the second quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
Job market slows this year as 67,202 fewer jobs created up to Oct
Greece’s employment balance went into deep negative territory in October as there were 115,856 more departures than hires in the labour market, according to data from the Labour Ministry’s Ergani information system.
Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln
The budget primary balance up to October 2022 came to a small deficit of 349 million euros, compared to a deficit of 7.18 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
Greece’s import price index slowed down its pace in September, rising by 24.2 percent year-on-year (YoY), from 32 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
The moderate movements of Greece’s debt managers to navigate through the sovereign debt turbulence continued on Monday with the re-opening of the 10-year benchmark that was initially issued in January.
EC cuts 2023 growth forecast by more than half to 1 pct
In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.
Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
Piraeus Bank posted a net profit of 729 million euros in the nine months (9M) of 2022, from losses of 3.09 billion euros last year, due to 3.75 billion euros in clean-up impairments in 9M 2021.