Economy
Inflation and property data cloud economic picture
Although most of the attention after the Easter break in Greece has gradually shifting towards the European Parliament elections on June 9, the economy continues to pose challenges for the government and to be a source of doubt about some policy choices.
Q1 current account deficit widens to 4.15 bln as exports continue to shrink
Greece’s current account recorded a deficit of 2.69 billion euros in March, from a deficit of 3.1 billion euros in February, Bank of Greece (BoG) data showed on Tuesday.
Industrial turnover back in contraction again in Mar, falling by 6 pct YoY
Greece’s industrial turnover fell sharply in March, dropping by 6 percent year-on-year (YoY) from a 3 percent increase in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Central govt debt drops to 405.54 bln in Q1, bonds rise by 3bln
Greece’s central government debt recorded a drop of roughly 1 billion euros to 405.54 billion euros in Q1 2024, the Finance Ministry's (MoF) debt bulletin showed on Monday.
Eurobank net profit jumps by 80 pct to 287.2 mln in Q1
Eurobank posted a net profit of 287.2 million euros in Q1, compared to 159.4 million euros in the same quarter of 2023, a jump of 80.2 percent.
Alpha reports 211 mln profit in Q1 as NII reached 420 mln
Alpha Bank reported a net profit of 211 million euros in Q1 2024, compared to a profit of 111 million euros in the same quarter of 2023, a solid rise of 90 percent.
Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010
Road motor vehicles going into circulation for the first time grew by a strong 36.3 percent year-on-year (YoY) in March, after a contraction of 9.2 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Primary balance at 3.25 bln in Apr, above target thanks to favourable timing
The budget primary balance recorded a surplus of 3.25 billion euros in April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
EC makes minor adjustment to growth forecast, at 2.2 pct for 2024
The European Commission published on Wednesday the spring forecasts and the growth outlook for Greece, which remained broadly unchanged with growth seen at 2.2 pct in 2024 and 2.3 pct next year.
Import price index up by 1.3 pct YoY in Mar for first rise in 13 months
Greece’s import price index resumed growth in March, rising by 1.3 percent year-on-year (YoY), after dropping by 2.8 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.