Economy
Disposable income rises 0.8 pct in Q4 2020; consumption falls 8.9 pct
Greek household disposable income rose by 0.8 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020, compared with an increase of 1.6 percent in Q3, according to Hellenic Statistical Authority (ELSTAT) data.
Budget primary deficit beats March goal amid resilient income tax take
The budget primary balance recorded a deficit of 3.41 billion euros in the first three months of 2021, compared with a surplus of 494 million in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for March showed on Monday.
Piraeus Bank raises 1.38 bln in share capital increase
Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range.
S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
In an unexpected move late on Friday night, S&P upgraded Greece’s rating by one notch to ‘BB’ from ‘BB-‘, while also revising upward its outlook from stable to positive.
General government debt rises to 205.6 pct of GDP in 2020
Greece’s general government debt rose to 205.6 percent of gross domestic product last year as the coronavirus pandemic sunk economic output.
Travel balance falls by 89.3 pct in February
Greece’s travel balance came to a surplus of 7.6 million euros in February from 70.7 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 89.3 percent year-on-year (YoY).
PPC returns to profitability in 2020, posting net income of 35.2 mln
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), posted a 2020 net profit of 35.1 million euros, following a loss of 1.69 billion euros a year earlier.
Current account deficit narrows to 840.3 mln in Feb as imports drop
Greece posted a current account (C/A) deficit of 840.3 million euros in February compared to 435.7 million euros in January, Bank of Greece (BoG) data showed on Tuesday.
Industrial turnover drops by 2.4 pct in February
Greece’s industrial turnover fell 2.4 percent from a year earlier in February, compared with a revised drop of 12.3 percent in January.
Primary cash balance deficit at 3.91 bln in March
Greece’s central government recorded a primary cash balance deficit of 3.91 billion euros in the first three months of the year, according to figures released by the Bank of Greece.