Economy
Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
Eurobank posted a net income of 328.5 million euros in the full 2021, compared to a loss of 1.22 billion euros the previous year. Adjusted net profit was 424.3 million euros, from profits of 538.1 million in 2020.
In first contraction since Oct 2020, Jan IPI falls by 10.9 pct MoM
Greece’s Industrial Production Index (IPI) recorded its first contraction in months, dropping by 0.2 percent year-on-year in January following an upwards revised 8.4 rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
As imports soar, Jan trade deficit jumps by 98.7 pct; worst since Mar 2010
Greece’s trade deficit continued its upward trajectory in January, nearly doubling year-on-year by 98.7 percent, from a jump of 79 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
CPI up to 7.2 pct in Feb as widespread inflation hits highest since pre-euro era
Greece’s Consumer Price Index (CPI) accelerated further in February, rising by 7.2 percent year-on-year (YoY), after an increase of 6.2 percent in January, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Thursday.
Recovery loses steam in Q4 with 0.4 pct QoQ growth as rise for 2021 hits 8.3 pct
Greece’s seasonally adjusted (SA) GDP increased by just 0.4 percent quarter-on-quarter (QoQ) in the last quarter (Q4) of 2021, from a downwards revised 2 percent in the third quarter (Q3), provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
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Record investments in Greek startups and a number of headline-grabbing exits – including Greece’s first “unicorn” – have generated a lot of interest in the space which the government views as a national success story. A closer look at the numbers reveals positive trends over recent years, however it also highlights the need for some perspective around a subject that is often susceptible to hype.
PMI growth slows in Feb amid myriad challenges for manufacturing sector
Greece’s Manufacturing PMI in February remained almost unchanged at 57.8 points, from 57.9 in January, still signalling growth in the sector, according to Markit data released on Tuesday.
Building permits leap by 42.9 pct in Nov, taking year-to-date rise to 27.5 pct
The number of building permits issued in Greece continued rising in November, increasing by a solid 42.9 percent year-on-year (YoY), from 18.4 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Uptick in retail sales accelerates to 23.8 pct in Dec, total rise for 2021 reaches 11.5 pct
Greece’s retail sales marked another significant annual recovery in December, rising by 23.8 percent year-on-year (YoY), from an upwards revised 21.1 percent rise in November, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Deposits decline by 2.23 bln in customary Jan drop
The net private sector deposit movement in the Greek banking system turned negative in January by 2.23 billion, after rising significantly by 4.29 billion euros in December, based on Bank of Greece (BoG) figures released on Friday.