Economy
Fitch leaves rating unchanged at 'BBB-', ups outlook to positive
On Friday, Fitch became the latest leading rating agency to publish a rating review for Greece, keeping the rating unchanged at ‘BBB-‘, the first step of the investment grade, while the outlook was revised up from stable to positive.
Significant underspend and strong tax revenues push primary surplus to April above 5 bln
The budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
Energy drives import price index drop of 2.5 pct YoY in Mar
Greece’s import price index continued its contraction in March, with a 2.5 percent year-on-year (YoY) decrease, after a 0.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car sales up 2.9 pct YoY in Apr, down 0.5 pct over first four months of 2025
Vehicles going into circulation for the first time dropped by 2.1 percent year-on-year (YoY) in April, after an increase of 6.8 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Commitment to reducing debt front and centre in government fiscal policy
Greece's debt returned to the forefront of public debate last week following the visit of the Finance Minister Kyriakos Pierrakakis to the PDMA and the optimistic outlook he presented on the future prospects and plans to reduce Greece's debt burden.
National Bank net profits at 384 mln in Q1, fees up 6 pct YoY to 106 mln
National Bank of Greece (NBG) reported a core profit after tax of 384 million euros in Q1, compared to a profit of 358 million euros in Q1 2024, a rise of 1 percent year-on-year (YoY).
Eurobank net profits at 314.1 mln in Q1, commission income at 169.2 mln
Eurobank posted a net profit of 314.1 million euros in Q1 2025, from 287.2 million euros, up by 9.4 percent year-on-year (YoY).
Alpha reports 223 mln profit in Q1, commission income up 11 pct YoY
Alpha Bank reported a net profit of 223 million euros in Q1 2025, compared to a profit of 212 million euros in 2024, a rise of 5 percent.
Industrial Production contracts 1.7 pct YoY in Mar as all components drop
Greece’s Industrial Production Index (IPI) slowed further in March with a 1.7 percent year-on-year (YoY) rise, after a significantly upwards revised 6 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI moderates to 2 pct in Apr, rents continue to climb with 10.8 pct YoY rise
Greece’s Consumer Price Index (CPI) has stabilised in the recent months, with a rise of 2 percent year-on-year (YoY) in April, from 2.4 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).