Economy
Current account shows deficit of 436 mln in January
Greece’s current account balance posted a deficit of 435.7 million euros in January compared to 653.8 million euros in December, Bank of Greece data showed.
Titan Cement net profit drops 97 pct in 2020
Titan Cement posted a net income of 1.5 million euros in 2020, down from 50.9 million euros the year before, as it wrote down prospects for the Egyptian market.
Industrial turnover drops by 12.2 pct in January
Greece’s industrial turnover fell 12.2 percent from a year earlier in January, compared with a revised drop of 3.6 percent in December.
Investment gains drive Viohalco profit jump despite revenue dip
Industrial giant Viohalco posted a net income of 21.5 million euros in 2020, up from 8.21 million euros the year before, even as revenue slid 8.3 percent, as the commercial value of its investment properties increased.
Primary cash balance deficit at 2.72 bln in February
Greece’s central government recorded a primary cash balance deficit of 2.72 billion euros in the first two months of the year, according to figures released by the Bank of Greece.
Greek 30-year bond attracts strong demand at attractive yield
Leveraging the positive sentiment following the ECB announcement last week that it would pick up the pace on bond purchases, thereby settling the latest sovereign bond markets jitters, Greece issued an ultra-long 30-year benchmark, its longest issue since January 2007.
Budget primary shows deficit of 1.5 bln in Feb, above target by 1.23 bln
The budget primary balance recorded a deficit of 1.5 billion euros in the two month of 2021, compared with a surplus of 831 million in the same period of 2020, the preliminary Finance Ministry budget execution bulletin for February showed.
Unemployment drops to 15.8 pct in December, lowest since February
Greece’s seasonally adjusted unemployment rate fell to 15.8 percent in December from 16.2 percent in November, Hellenic Statistical Authority’s data showed on Wednesday.
Piraeus announces transformation plan amid 2020 loss of 662 mln
Piraeus Bank posted a loss of 662 million euros last year as it suffered from impairments arising from Covid and one-offs loan securitisation losses.
Loans under credit servicing firms jumps by 19 pct QoQ to 38.9 bln
The Bank of Greece’s (BoG) released statistics for the fourth quarter (Q4) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.