Economy
PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
Prime Minister Kyriakos Mitsotakis on Wednesday unveiled the government’s plan for how it will use of the European Union’s Recovery and Resilience Facility funds to remake the country’s economy after the damage wrought by the coronavirus pandemic.
Retail turnover drops by 5 pct and volume by 3 pct in January
Greece’s retail sales index decreased by 5 percent in January following a revised drop of 12.8 percent in December, Hellenic Statistical Authority data showed on Wednesday.
Economic sentiment rises to 96.9 points in March as all sectors improve
Greece’s economic sentiment rose by 5 points month-on-month in March to reach 96.9 points, European Commission figures showed on Tuesday.
Hellenic Exchanges posts net profit of 3.87 mln in 2020
Athens Stock Exchange’s (ATHEX) full year results showed that group turnover was down by 7.9 percent year-on-year (YoY) at 30.7 million euros compared to 33.4 million last year.
Budget primary deficit confirmed at 1.5 bln in Feb, beating target
The budget primary balance recorded a deficit of 1.5 billion euros in the two month of 2021, compared with a surplus of 831 million in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for February showed.
NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
National Bank of Greece (NBG) reported a net loss of 423 million euros in the fourth quarter (Q4) of 2020, compared with a profit of 101 million euros in Q3.
Credit growth in February unchanged 3.7 pct; monthly flows resume growth
Credit movement in the Greek private sector rose an annual 3.7 percent in February, the same rate as in January, Bank of Greece (BoG) figures showed on Friday.
Deposits rose by 741 mln in February, led by higher sight savings
Net deposit movements in the Greek banking system were positive by 741 million euros in February, compared with outflows of 1.19 billion euros in January, Bank of Greece (BoG) figures revealed on Friday.
Employment balance positive by 27,233 in Feb; highest since Sept
The employment balance was positive with 27,233 more hirings than people leaving their jobs in February, data from the Labour Ministry’s Ergani information system showed.
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).