Economy
Hirings turn positive, but with low balance, in Feb
Greece’s employment balance turned positive in February with 15,189 more hirings than departures, according to data from the Labour Ministry’s Ergani information system.
Industrial turnover soars by 35.5 pct YoY in Jan, powered by petroleum products
Greece’s industrial turnover remains in recovery mode, rising by 35.4 percent year-on-year (YoY) in January, after a 22.9 percent rise in December, according to data from the Hellenic Statistical Authority (ELSTAT) released on Monday.
DBRS moves Greece a notch closer to investment grade as Moody's holds off
The Greek authorities anticipated two credit rating upgrades on Friday but had to settle for one as DBRS upped the country’s rating by one notch and just one step away from investment grade. The outlook was also revised from positive to stable.
Central government reports 853-mln primary cash surplus in Feb as spending is contained YoY
Greece’s central government recorded a primary cash surplus of 853 million euros in February, from a deficit of 891 million euros in the same month of 2021, according to figures released by the Bank of Greece on Thursday.
Unemployment broadly unchanged at 13.2 pct in Q4
Movement in Greece’s non-seasonally adjusted unemployment rate paused in the final quarter of last year, staying broadly unchanged at 13.2 percent in Q4, from 13 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
In the last quarter (Q4) of 2021, loans managed by Credit Servicing Firms (CSF) stood at 79.74 billion euros, according to data released by the Bank of Greece (BoG) on Wednesday.
NBG reports profits of 833 mln in 2021
National Bank of Greece (NBG) reported a profit after tax of 833 million euros from continued operations in 2021, compared to a profit of 590 million euros in 2020, improving by 41 pct.
Car sales accelerate by 38.3 pct YoY in Feb, led by used vehicles
Road motor vehicles going into circulation for the first time increased by a notable 38.3 percent year-on-year (YoY) in February, after a drop of 8.7 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Unemployment rate unchanged at 12.8 pct in Jan, employment rises by more than 300,000 YoY
Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged at 12.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
Piraeus Bank posted a loss of 3.01 billion euros in 2021 due to impairments related to Covid-19 and the NPE clean-up in the form of loan securitisations and sales.