Economy
Budget primary balance up to Feb beats target by 1.09 bln on back of underspend
The budget primary balance for the first two months of 2022 came to a surplus of 847 million euros, compared to a deficit of 1.5 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
Alpha Bank reported a net loss of 2.91 billion euros in 2021, compared to profits of 104 million euros in 2020, as the bank intensified efforts to rid its balance sheet of troubled assets through increased securitisation activity.
Import price index shoots up by 31.8 pct as oil and natural gas soar by 25 pct MoM
Greece’s import price index shot up by 31.8 percent year-on-year (YoY) in January, from a rise of 23.6 percent seen in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
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.