Economy
Travel balance falls by 97.6 pct in January
Greece’s travel balance came to 2.4 million euros in January from 54.9 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 97.6 percent year-on-year (YoY).
Unemployment at 16.2 pct in Q4
The Greek non-seasonally-adjusted unemployment rate stood at 16.2 percent in the fourth quarter (Q4) of the year, unchanged from Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Alpha Bank posts net profit of 103.7 mln in 2020
Alpha Bank reported a net loss of 29.7 million euros for the fourth quarter of 2020 compared to a net profit of 44.3 million euros in Q3.
PBO sees just 2.7% growth this year, warns about private debt
Parliament’s Budget Office (PBO) published on Tuesday its report for the fourth quarter of 2020, also updating its macro estimates for 2021.
Current account shows deficit of 436 mln in January
Greece’s current account balance posted a deficit of 435.7 million euros in January compared to 653.8 million euros in December, Bank of Greece data showed.
Titan Cement net profit drops 97 pct in 2020
Titan Cement posted a net income of 1.5 million euros in 2020, down from 50.9 million euros the year before, as it wrote down prospects for the Egyptian market.
Industrial turnover drops by 12.2 pct in January
Greece’s industrial turnover fell 12.2 percent from a year earlier in January, compared with a revised drop of 3.6 percent in December.
Investment gains drive Viohalco profit jump despite revenue dip
Industrial giant Viohalco posted a net income of 21.5 million euros in 2020, up from 8.21 million euros the year before, even as revenue slid 8.3 percent, as the commercial value of its investment properties increased.
Primary cash balance deficit at 2.72 bln in February
Greece’s central government recorded a primary cash balance deficit of 2.72 billion euros in the first two months of the year, according to figures released by the Bank of Greece.
Greek 30-year bond attracts strong demand at attractive yield
Leveraging the positive sentiment following the ECB announcement last week that it would pick up the pace on bond purchases, thereby settling the latest sovereign bond markets jitters, Greece issued an ultra-long 30-year benchmark, its longest issue since January 2007.