Economy
Deposits rise by 2.85 bln in March
Net deposit movements in the Greek banking system were positive by 2.85 billion euros in March, rising from inflows of 1.06 billion in February, Bank of Greece (BoG) figures revealed on Wednesday.
Credit growth at 0.1 pct in March, positive for first time since 2011
Credit movement in the Greek market came to 0.1 percent in March, improving from a contraction of 0.8 percent noted in February, Bank of Greece (BoG) figures showed on Wednesday.
Economic sentiment, consumer confidence plummet in April as construction takes worse hit
Greece’s economic sentiment (ESI) fell by 10.1 points month-on-month in April to reach 99.3 points, European Commission (EC) figures showed on Monday.
Budget primary surplus at 494 mln in Mar amid first signs of Covid-19 impact on revenues
The budget primary balance recorded a surplus of 494 million euros in the first three months of 2020, compared to a surplus of 1.44 billion in March 2019, the final Finance Ministry (MoF) budget execution bulletin showed on Monday.
Coronavirus to delay much of privatisation plan
Greece’s privatisations have stalled under the coronavirus pandemic, with most major privatisations making no progress.
S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
In its regular rating cycle, S&P re-affirmed Greece’s credit score to ‘BB-‘, while it revised the outlook from positive to stable.
Disposable income edges up by 0.2 pct YoY in Q4, final consumption up by 2.7 pct
Greek household disposable income grew by 0.2 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019, decreasing from the rise of 3.5 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
Fitch published on Thursday night a rating review for Greece outside its regular schedule in which the outlook for the country was revised from positive to stable, re-affirming the rating of ‘BB’ that it had granted in the end of January.
PPC net results reflect loss of 1.69 billion in 2019
Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) full year results for 2019 revealed that revenue rose by 4 percent during the year.
Digital investments could provide long-term GDP boost, study finds
The National bank of Greece (NBG) has released an analysis examining how Greece could benefit economically by further bolstering its digital sector and investing in the correct infrastructure.