Economy
NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
National Bank of Greece (NBG) reported a profit after tax of 979 million euros in 9M 2025, compared to a profit of 1.06 billion euros in 9M 2024, a drop of 7.9 percent year-on-year (YoY).
Hiring balance turns negative in Sep on as tourism season winds down
Greece’s employment balance was negative in September with 9,196 more departures than hires, according to data from the Labour Ministry’s ERGANI information system.
Manufacturing grows in Oct amid persistent export challenges and higher input costs
Greece’s manufacturing PMI improved in October to 53.5 points, from 52 points in the previous month, S&P Global data showed on Monday.
Piraeus Bank profits at 815 mln in 9M, fees income at 489 mln
Piraeus Bank posted a net profit of 815 million euros in 9M 2025, from 882 million euros in 9M 202
Retail sales grow strongly in Aug with 5.3 pct YoY rise
Greece’s retail sales accelerated growth with a 5.3 percent year-on-year (YoY) in August, after a 3.9 percent increase in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
Eurobank posted a net profit of 1.03 billion euros in 9M 2025, from 1.13 billion euros a year earlier, down by 9 percent year-on-year (YoY).
Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
Greece’s Producer Price Index (PPI) remained in contraction in September, with a drop of 1.1 percent year-on-year (YoY), after a decrease of 1.1 percent in August, ELSTAT data showed on Thursday.
Economic sentiment picks up in Oct, consumer confidence sliding again
Greece’s economic sentiment (ESI) improved in October, with the index at 107.5 points, from 106.2 in the previous month, according to European Commission figures released on Thursday.
Unemployment unchanged at 8.2 pct in Sep
Greece’s seasonally adjusted (SA) unemployment rate was unchanged at 8.2 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Low-productivity economy a legacy of adjustment without transformation
A study by the Hellenic Observatory at the LSE paints a grim picture regarding the outcomes of Greece’s adjustment programmes that intended, in theory, to lead to an economic transformation that would shift the paradigm of economic growth.