Economy
Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3
Greece’s central government debt recorded a small drop of roughly 700 million euros in the third quarter of the year to 393.49 billion euros, after falling by 365 million to 394.18 billion euros in the second quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
Job market slows this year as 67,202 fewer jobs created up to Oct
Greece’s employment balance went into deep negative territory in October as there were 115,856 more departures than hires in the labour market, according to data from the Labour Ministry’s Ergani information system.
Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln
The budget primary balance up to October 2022 came to a small deficit of 349 million euros, compared to a deficit of 7.18 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
Greece’s import price index slowed down its pace in September, rising by 24.2 percent year-on-year (YoY), from 32 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
The moderate movements of Greece’s debt managers to navigate through the sovereign debt turbulence continued on Monday with the re-opening of the 10-year benchmark that was initially issued in January.
EC cuts 2023 growth forecast by more than half to 1 pct
In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.
Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
Piraeus Bank posted a net profit of 729 million euros in the nine months (9M) of 2022, from losses of 3.09 billion euros last year, due to 3.75 billion euros in clean-up impairments in 9M 2021.
NBG reports 652 mln profit in 9M, core PPI up 14 pct
National Bank of Greece (NBG) reported a profit after tax of 652 million euros from continued operations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop of 11 percent.
Business transformation paying off as Eurobank records 932.3 mln profit in 9M
Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year.
Car sales growth slows to 2.4 pct in Oct, taking 10-month rise to 4.5 pct
The rise in road motor vehicles going into circulation for the first time slowed down further in October, rising by 2.4 percent year-on-year (YoY), from 4.7 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.