Economy
Trade deficit falls by 10.3 pct in June
Greece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
CPI falls by 1.8 pct YoY in July
Greece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in July compared to a decline of 1.6 percent seen in June, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Industrial production down by 4.9 pct YoY in May but picks up from previous month
Greece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
NBG results show net profits of 465 mln euros on strong income
National Bank of Greece (NBG) reported a strong net profit of 465 million euros from continued operations in the fιrst half (H1) of 2020, compared to 245 million euros in H1 2019.
Banks step up securitisation drive following pandemic interruption
Having experienced a setback earlier in the year, when the pandemic broke out and led to reconfiguration of the plans on securitisations, Greek systemic banks are accelerating their efforts to catch up for lost time in restoring the health of their balance sheets.
Corporates reflect impact of coronavirus in H1 results
Coca-Cola HBC’s results for the first half of 2020 showed that net sales revenue fell by 15.5 percent year-on-year.
Unemployment rate jumps to 17 pct in May
Greece’s seasonally adjusted (SA) unemployment rate came to 17 percent in May from a slightly upward revised figure of 15.7 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash deficit at 5.48 bln in June as tax revenues fall
Greece’s general government (gg) primary cash deficit came to 5.48 billion euros in the first σιχ months of the year compared to a surplus of 1.70 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Piraeus Bank posts pre-tax losses of 215 mln in H1
Piraeus Bank’s first half (H1) results revealed pre-tax losses of 215 million euros compared to pre-tax profits of 57 million euros in the relevant period in 2019.
New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
The month-on-month rise in Greece's new tax debt came to 222 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown.