Economy
Budget primary balance beats target by 2.39 bln in Feb as taxes outperform
The budget primary balance in February came to a surplus of 4.2 billion euros, compared to a surplus of 840 million euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.
Unemployment edges up to 11.9 pct in Q4
Greece’s non-seasonally adjusted quarterly unemployment rate picked up slightly in Q4 last year, rising to 11.9 percent, from 11.6 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022
Alpha Bank reported a net profit of 398 million euros in 2022, compared to a loss of 2.91 billion euros in 2021.
NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct
National Bank of Greece (NBG) reported a profit after tax of 861 million euros in 2022, compared to a profit of 832 million euros in 2021, a rise of 6 percent.
Import prices stabilise at high levels in Jan with rise of 0.4 pct YoY
Greece’s import price index barely moved in January, as it rose by just 0.4 percent year-on-year (YoY), after a rise of 11 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Car sales contract by 8.2 pct YoY in Feb amid drops for used passenger vehicles and lorries
Road motor vehicles going into circulation for the first time fell back into negative territory in February, dropping by 8.2 percent year-on-year (YoY) after a solid jump of 54.6 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
CPI slows to 6.1 pct in Feb as energy moderates, but rising food prices persist
The pace of Greece’s Consumer Price Index (CPI) dropped further in February, rising by 6.1 percent year-on-year, after increasing by 7 percent in January, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT).
DBRS leaves Greece a notch from investment grade, outlook stable
DBRS announced on Friday that it is keeping Greece’s rating unchanged at BB (High) with a stable outlook, one notch below the agency’s investment grade rating.
Industrial production up by 0.5 pct in Jan, electricity supply drops
Greece’s Industrial Production Index (IPI) turned marginally positive in January, growing by 0.5 percent year-on-year (YoY), after falling by 1.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Trade deficit drops 21.9 pct YoY in Jan, reflecting base effects
Greece’s trade deficit opened 2023 with a drop year-on-year (YoY), falling by 21.9 percent, after a drop of 10.6 percent in December, according to data released by ELSTAT on Friday.