Economy
CPI down by 1.6% in March, marking 12-month continuous drop
Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year in March, following a drop of 1.3 percent in February and a decline of 2 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Car sales almost double in March from level at start of pandemic
Road motor vehicles going into circulation for the first time rose by 98.5 percent in March compared to a drop of 16.4 percent in February, Hellenic Statistical Authority (ELSTAT) data showed.
Industrial production up by 4.4% in February
Greece’s Industrial Production Index (IPI) rose by 4.4 percent year-on-year (YoY) in February following a revised increase of 3.5 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
IMF expects modest recovery, lingering debt but primary surplus to return swiftly
Within the context of its Spring meetings, the IMF updated its macroeconomic and fiscal estimates for Greece in the World Economic Outlook and the Fiscal Monitor publications.
EYDAP reports net loss of 66.1 mln for 2020 on one-off provisions
The Athens Water Supply and Sewage Company (EYDAP) released its full year financial results for 2020, showing that turnover rose 2 percent, coming in at 330.7 million euros versus 323.7 million euros in 2019.
Trade deficit falls by 33.2 pct in February
Greece’s trade deficit fell by 33.2 percent year-on-year in February compared to a drop of 23.2 percent in January, data from the Hellenic Statistical Authority released on Wednesday showed.
General govt primary cash deficit at 1.99 bln in February; arrears jump
Greece’s general government (gg) primary cash deficit came to 1.99 billion euros in the first two months of the year, compared with a surplus of 1.42 billion euros in the same period of 2020, according to the Finance Ministry’s monthly gg bulletin.
Banks tout ambitious NPE plans to return to European mainstream
Greece’s banks have started what was set to be a difficult year for them by winning plaudits for their progress towards meeting tough goals for reducing the stock of non-performing exposures.
BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
In the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking sector.
Ellaktor 2020 loss deepens to 186.7 mln as revenue drops 30 pct
The Ellaktor Group of Companies’ financial results for 2020 showed that net income for the financial year came to a loss of 186.7 million euros, compared with a loss of 131.4 million euros last year.