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  1. Turkish truculence added to factors being considered as PM weighs up snap polls
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    The ratcheting up of tension between Greece and Turkey has given the ongoing speculation about Prime Minister Kyriakos Mitsotakis calling snap elections this autumn an added dimension. Turkish... is held next summer. According to To Vima, government officials are lining up several voter

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  2. Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros in 2021, up roughly 63 percent year-on-year. Travel payments rose by 58.7 percent to 204.9... to 15.8 million travellers up to July 2019.

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  3. SYRIZA and ND square up on cost-of-living crisis as government attempts to draw line under surveillance
    Photo by MacroPolis

    PoliticsGreek Politics

    wound up its proceedings on Thursday with the delivery of a classified report which failed to shed... by accusing the government of a cover-up, with Communist Party KKE describing the proceedings

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  4. Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
    Image via www.piraeusbank.gr

    EconomyBanking

    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. In 9M 2022, clean-up impairments stood at 287 million euros Asset quality The NPE ratio at the end of 9M

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  5. Travel balance up to Nov reaches 15.62 bln, arrivals down 11 pct on 2019
    Photo by MacroPolis

    EconomyMacroeconomy

    euros in 2021, up roughly 15.9 percent year-on-year. Travel payments rose by 15.4 percent to 134 million... million visitors, compared to 30.66 million travellers up to November 2019.

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  6. Current account deficit exceeded 20 bln last year, up from 12.27 bln in 2021

    EconomyMacroeconomy

    . The goods balance showed a deficit of 39.02 billion euros, up from 26.72 billion euros in 2021... in 2021. Travel receipts were 17.63 billion euros, up from 10.6 billion euros in 2021 and 4.32 billion

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  7. Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted a net profit of 899 million euros in the full year 2022, from losses of 3 billion euros last year, due to 3.87 billion euros in clean-up impairments in 2021. In 2022, clean-up impairments stood at 320 million euros. Normalised operating profit was 577 million euros in 2022, from

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  8. Building permits grow by 9 pct in Nov, up 3.9 pct over 11M
    Photo by MacroPolis

    EconomyMacroeconomy

    , permits are up by just 3.9 percent YoY to 22,646. The corresponding surface is lower by 11.9 percent... recovery, turning positive to 7.7 points, from -24.2 point in January. Now the index is up by over 8

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  9. Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
    Photo by MacroPolis

    EconomyMacroeconomy

    2022, permits are up by just 5 percent YoY to 25,165. The corresponding surface is lower by 8.2... recovery, turning positive to 7.7 points, from -24.2 point in January. Now the index is up by over

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  10. Despite marginal rise in Mar, Q1 trade deficit down 19 pct, exports up 17.8 pct
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    , imports from EU countries were up by 5.6 percent to 9.99 billion euros, while imports from non-EU markets... to 7.97 billion euros, and non-EU exports were up by 11.4 percent at 5.74 billion euros.

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