Economy
Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln
Piraeus Bank posted a net profit of 788 million euros in 2023, with Q4 2023 profit at 211 million euros.
Import prices end 2023 with 12.3 pct drop after 27.7 pct jump in 2022
Greece’s import price index remained in contraction in December, as it fell by 8.7 percent year-on-year (YoY), after dropping by 8.6 percent in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car market starts year on the up, with 6.7 pct rise in Jan
Road motor vehicles going into circulation for the first time opened the new year with a growth rate of 8.6 percent year-on-year (YoY) in January, after a 24.8 percent rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Investment grade boost visible in strong demand for Greek assets
The benefits that were widely anticipated from Greece securing the investment grade have become tangible over the last few months, at least on the demand side for Greek assets, including the sovereign, banks, and state assets.
Industrial production concluded 2023 with modest annual growth of 2.2 pct
Greece’s Industrial Production Index (IPI) accelerated in December, growing by 4.3 percent year-on-year (YoY), after a 3.2-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit drops by 20 pct in 2023 despite contraction of exports
Greece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday.
Labour database shows 8 in 10 workers earn less than 1,200 per month
The annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers.
Labour market improves further in 2023, with 43,802 more hirings
Greece’s employment balance turned positive in December, with 18,496 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Unemployment falls to 9.2 pct in Dec amid big YoY drop in number of out-of-job workers
Greece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in December, landing at 9.2 percent, from 9.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
Greece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday.