Economy
Trade deficit rises by 27.1 pct in March as imports surge
Greece’s trade deficit rose by 27.1 percent year-on-year (YoY) in March compared to a drop of 33.2 percent in February, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
Industrial production up by 5.5 pct in March
Greece’s Industrial Production Index (IPI) rose by 5.5 percent year-on-year (YoY) in March following a revised increase of 4.3 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Covid recession bumped pension spending to 18 pct of GDP in 2020
Total age-related expenditure amounted to 26.4 percent of gross domestic product last year, according to figures in the Finance Ministry’s Stability Programme.
Greece draws another 3 bln from bond markets as debt strategy continues at pace
Greece completed on Wednesday its third successful market foray of the year by drawing 3 billion euros through a new 5-year bond issue.
Terna Energy net profit increases by 39.3 pct in 2020
Renewable energy company Terna Energy’s full year results for 2020 revealed that revenue rose by 10 percent year-on-year and came to 328.1 million.
GEK Terna posts net profit of 12.5 million in 2020
Greek construction and energy group GEK Terna’s net income attributable to shareholders dropped to 12.5 million euros in 2020 from 23.5 million euros the year before.
Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
Greece has submitted to the European Council and Commission its Stability Programme for the period 2022 -2024, which is based on the activation of the general escape clause that allows temporary violations of fiscal commitments due to the pandemic.
PMI rises to 54.4 points in April, highest since February 2020
Greece’s manufacturing PMI rose to 54.4 points in April from 51.8 points in March, according to the latest data from Markit.
Credit growth in March slows to 2.9 pct; monthly inflow 403 mln
Credit movement in the Greek private sector rose an annual 2.9 percent in March, compared with 3.7 percent in February, Bank of Greece (BoG) figures showed on Thursday.
Deposits rose by 1.66 bln in March to highest since 2012
Net deposit movements in the Greek banking system were positive by 1.66 billion euros in March, compared with inflows of 741 million euros in February, Bank of Greece (BoG) figures revealed on Thursday.