Search
-
Primary cash balance deficit at 7.12 bln in Sept
EconomyMacroeconomyin the first nine months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus... euros. The aggregate figure for the first nine months of the year showed that revenues fell by 4.97
1% -
Budget primary shows deficit of 7.01 bln in September
EconomyMacroeconomyof 1.98 billion. For the same month last year, the primary deficit came to 1.57 billion euros. The budget balance in the first nine months of the year recorded a deficit of 11.27 billion euros compared to a deficit of 119 million euros seen in the aggregate period last year. For the current aggregate
1% -
Economic sentiment up to 92.3 in October, consumer confidence drops for fourth consecutive month
EconomyMacroeconomyyear, the EEI has edged down by 0.4 points. Meanwhile, compared to October 2019, the ESI has... by 4.5 points month-on-month and came to -45.5 in October. Compared to the same month last year... points. Year-on-year, industry confidence has fallen by 10.4 points. The services index improved
1% -
Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Economylast year, S&P had raised Greece’s credit rating to ‘BB-‘, while Fitch moved Greece up to ‘BB’ in January this year. Moody’s rating upgrade brings it now in line with S&P at the equivalent rating...’s considers for its rating reviews. Greece is seen taking a serious economic hit this year
1% -
Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingthis year. Excluding Covid-19 impact and cost of the voluntary exit scheme, pre-tax profits stood... in 9M versus 612 million last year, representing an increase of 20 percent. On a like-for-like basis, the figure reached 767 million, increasing by 18 percent year-on-year (YoY). On a quarterly basis
1% -
Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingmonth period (9M) of the year came to 130.4 million euros, up by 42.7 percent compared to last year. Core pre-provision income (PPI) fell by 3.4 percent quarter-on-quarter (QoQ) to 210 million. Year-on-year (YoY), core PPI rose by 3.6 percent in 9M from 656.9 million euros a year ago. Asset quality Non
1% -
Economic sentiment dips to 91 in November as consumer confidence continues to slide
EconomyMacroeconomy. Compared to last year, the EEI has fallen by 6.1 points. Meanwhile, compared to November 2019, the ESI... last year, consumer confidence has dropped by 41.5 points. Industry confidence deteriorated by 3.4 points month-on-month to stand at -12.4 points. Year-on-year, industry confidence has fallen by 5.6
1% -
Economic sentiment edges up to 91.5 in Dec while services, retail and construction fall
EconomyMacroeconomy. Compared to last year, the EEI has fallen by 11.3 points. Meanwhile, compared to December 2019... last year, consumer confidence has dropped by 38.5 points. Industry confidence rose by 2.1 points month-on-month to stand at -10.3 points. Year-on-year, industry confidence has fallen by 12.3 points
1% -
Economic sentiment declines to 90.7 points in January as construction and retail strengthen
EconomyMacroeconomy. Compared to last year, the EEI has fallen by 7.4 points. Meanwhile, compared to January 2020... last year, consumer confidence has dropped by 33.2 points. Industry confidence rose by 0.3 points month-on-month to stand at -10 points. Year-on-year, industry confidence has fallen by 12.7 points
1% -
Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyThe complete picture of a dire year for the retail sector in Greece was captured on Tuesday when the Hellenic Statistical Authority (ELSTAT) released the full-year results for the sector. Having endured various restrictions throughout the year and several hybrid operations with appointments
1%