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Eurobank records net loss of 207.4 mln in Q1
EconomyBanking) by 9 percent quarter on quarter (QoQ), a drop in impairment losses by 26 percent and eliminating... front, operating income posted a 4.7 percent drop QoQ to 461 million, mainly driven by a 4.9... in Q4. Following a drop by 26 percent QoQ in impairment losses to 479 million, the cost of risk (loan
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Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010
EconomyMacroeconomy-digit drop for the first time since Q1 2010. Official forecasts foresee a 5.3 percent rise in 2014 after a 12.8 percent drop last year. Taking into account Q1 performance, this specific target seems..., while its cumulative drop since 2008 stands at 23.5 percent. The latter was driven by a nosedive
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May sees 48.7 pct rise in number of new cars in circulation
EconomyMacroeconomypercent compared to a 7.1 percent drop recorded last year. In addition, the 12-month trailing index... of the preceding three years. Car registrations recorded a cumulative drop of 78 percent since 2008... institutions point to a slowdown of private consumption to -1.8 percent in 2014 from the 6 percent drop
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyindicates the CPI eased 0.8 percent compared to April, mainly due to an 8.9 percent drop in clothing.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors... deflationary reading in the past 15 months. Following a drop of CPI by 0.9 percent in 2013 for the first time
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Exports continued their decline, down by 8.3 pct in May
Economyin May, following a steeper drop of 20.8 percent posted in April, according to the flash estimates... a modest drop of 0.9 percent. Excluding the impact of oil products, imports posted a higher rise of 7.6..., reflecting a drop in imports and exports by 1.6 and 7.8 percent respectively.
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Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
EconomyMacroeconomyThe Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop... and footwear prices. The latter’s performance in June reversed the 8.9 percent drop posted in May, which.... The year on year decline of 1.1 percent in the June CPI mainly reflects a drop of 3.9 percent
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Industrial production rises again in May, by 1.8 pct, after two months of decline
EconomyMacroeconomydrop of 0.3 percent to April to a marginal rise of 0.2 percent to May. Similarly to the monthly trend... drop of 2.5 percent with electricity production slightly slipping by 0.5 percent. The main industrial... a further drop.
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyfrom the 16 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT... the highest drop, at -47.6 and -40.3 percent respectively. In contrast, the rate of decline in building... in 2008. This means there has been a cumulative drop of 75 percent that is more than three times
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Here's why IOBE think tank sees Greek economy growing 0.7 pct this year
Economyconsumption by 1.8 percent in 2014. The drop in public consumption is anticipated to decelerate... percent drop in imports. Export growth is entirely driven by services on the back of stronger... or marginally drop in 2014. For the economy to achieve high growth rates, IOBE suggests that lending
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Greek trade deficit up by 21.9 pct in May as exports sink further
EconomyMacroeconomyincreased 9.5 percent to 8.84 billion. This stems from a slight drop in imports by 0.7 percent... an increase of 7.5 percent, while exports recorded a slower drop at 4.9 percent. As a result, the underlying... lower demand from the eurozone. However, IOBE forecasts exports of goods to remain stagnant or drop
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