Economy
Jan current account in surplus, trade balance worsens as exports drop again
Greece’s current account recorded a surplus of 1.7 billion euros in January, from a deficit of 2.25 billion euros in December, Bank of Greece (BoG) data showed on Friday.
Industrial turnover returns to growth in Jan with 3.2 pct YoY rise, falls sharply MoM
Greece’s industrial turnover returned to growth in January, rising by 3.2 percent year-on-year (YoY) from a 7.1 percent decrease in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Great Expectations: Is Greece 2.0 hitting the target?
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Funding from the EU’s Recovery and Resilience Facility has been central to shaping expectations of economic recovery in Greece as the country emerges from its ten-year economic crisis and the Covid-19 pandemic.
Moody's leaves Greece's rating unchanged, one notch from investment grade
Despite hopes that on Friday Moody’s would complete the cycle of granting the investment grade for Greece and the country would be rewarded by all rating agencies, it left Greece unchanged at ‘Ba1’, which is one notch below the investment grade, and kept the outlook stable.
Budget continued to outperform in Feb, delivering 3.4 bln primary surplus
The budget primary balance recorded a surplus of 3.4 billion euros in February, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
Wages index rises by 5.5 pct YoY in Q4, records first quarterly drop since Q3 2021
Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q4, rising by 5.5 percent year-on-year (YoY), thought it slowed down from an upwards revised 6.3 percent in the third quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Import prices reach one year of contraction with 6.4 pct drop in Jan
Greece’s import price index stayed in contraction in January, falling by 6.4 percent year-on-year (YoY), after dropping by 8.7 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Vehicle sales rise by 17.3 pct in Feb, led by passenger cars
Road motor vehicles going into circulation for the first time had a strong growth rate of 21.2 percent year-on-year (YoY) in February, after an 8.6 percent rise in January, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln
National Bank of Greece (NBG) reported a core profit after tax of 1.2 billion euros in 2023, compared to a profit of 474 million euros in 2022, a significant rise year-on-year.
First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
The Hellenic Financial Stability Fund (HFSF), which was set up at the start of the debt crisis to support the banking sector, completed last week the first round of sales of its stakes in the four systemic banks, realising record losses for the Greek state.