Economy
NBG profits narrow to 208 mln in Q1
National Bank of Greece (NBG) reported a profit after tax of 208 million euros from continued operations in Q1 2022, compared to a profit of 583 million euros in the same quarter of 2021, a drop of 64 pct.
Growth in building permits rises to 13.7 pct for Feb after slow start
The growth in building permits picked up pace again in February, with total permits rising by 13.7 percent year-on-year (YoY), from 4.3 percent in January, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday.
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021.
Helped by trading gains, Eurobank posts 305 mln in Q1 profits
Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year.
Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
The budget primary balance for the first four months of 2022 was confirmed at a deficit of 799 million euros, compared to a deficit of 6.2 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
The Greek government came into office in 2019 promising tax cuts and the adoption of the Stability and Growth Pact escape clause by the eurozone during the pandemic allowed New Democracy to reduce the tax wedge on labour, along with 43 billion euros of Covid-related relief over 2020 and 2021.
Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead
The final report linked to the reviews that formed part of the enhanced surveillance framework Greece has been operating under since the summer of 2018, was released yesterday, signaling the end of another chapter in the Greek crisis.
Removal of restrictions boosts travel receipts in Mar
Greece’s travel balance recorded a surplus of 77 million euros in March, from 63 million euros in February, according to Bank of Greece (BoG) data released on Monday.
Growth in industrial turnover continues in Mar as manufacturing, petroleum products lead 38.3 pct rise
Greece’s industrial turnover growth remained strong in March, rising by 38.3 percent year-on-year (YoY), from a slightly upwards revised 34 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit deepens in Mar, reaching 6.45 bln for Q1
Greece posted a current account (C/A) deficit of 2.33 billion euros in March, from a deficit of 2.12 billion euros in February, Bank of Greece (BoG) data showed on Friday.