Economy
Travel surplus of 60.8 mln in Jan substantially higher than a year earlier
Greece’s travel balance recorded a surplus of 60.8 million euros in the opening month of 2022, from 64 million euros in December, according to Bank of Greece (BoG) data released on Thursday.
Current account deficit rises to almost 2 bln in Jan, highest since 2011
Greece posted a current account (C/A) deficit of nearly 2 billion euros in January, from 1.71 billion euros in December, Bank of Greece (BoG) data showed on Wednesday.
Property prices rise again in Q4 2021, taking full-year increase to 7.1 pct
The rise in the nominal value of apartments in Greece accelerated to 9.1 percent year-on-year (YoY) in the last quarter of 2021, from an upwards revised 8.3 percent in the third quarter, Bank of Greece (BoG) data released on Tuesday showed.
Hirings turn positive, but with low balance, in Feb
Greece’s employment balance turned positive in February with 15,189 more hirings than departures, according to data from the Labour Ministry’s Ergani information system.
Industrial turnover soars by 35.5 pct YoY in Jan, powered by petroleum products
Greece’s industrial turnover remains in recovery mode, rising by 35.4 percent year-on-year (YoY) in January, after a 22.9 percent rise in December, according to data from the Hellenic Statistical Authority (ELSTAT) released on Monday.
DBRS moves Greece a notch closer to investment grade as Moody's holds off
The Greek authorities anticipated two credit rating upgrades on Friday but had to settle for one as DBRS upped the country’s rating by one notch and just one step away from investment grade. The outlook was also revised from positive to stable.
Central government reports 853-mln primary cash surplus in Feb as spending is contained YoY
Greece’s central government recorded a primary cash surplus of 853 million euros in February, from a deficit of 891 million euros in the same month of 2021, according to figures released by the Bank of Greece on Thursday.
Unemployment broadly unchanged at 13.2 pct in Q4
Movement in Greece’s non-seasonally adjusted unemployment rate paused in the final quarter of last year, staying broadly unchanged at 13.2 percent in Q4, from 13 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
In the last quarter (Q4) of 2021, loans managed by Credit Servicing Firms (CSF) stood at 79.74 billion euros, according to data released by the Bank of Greece (BoG) on Wednesday.
NBG reports profits of 833 mln in 2021
National Bank of Greece (NBG) reported a profit after tax of 833 million euros from continued operations in 2021, compared to a profit of 590 million euros in 2020, improving by 41 pct.