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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomy, with a sizeable deficit with Russia due to energy, with Russia representing 21.5 pct of Greece’s total... resources will filter through the economy, pushing up investment spending by 21.5 pct and a total growth... insurance contributions by 3 percentage points and abolishing the solidarity levy for private sector
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Q2 unemployment drops to 12.4 pct, reflecting seasonality in job market
EconomyMacroeconomyof 15.8 percent. A total of 591,573 were registered as unemployed in Q2, decreasing by 8.6 percent.... The number of people employed amounted to 4.17 million in Q2, increasing by 3 percent compared... of long-term unemployed (more than 1 year) came to 370,400 people, representing 62.6 percent of the total
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Current account surplus drops in Aug, as 8M deficit jumps by 73 pct to over 10 bln
EconomyMacroeconomyfor the balance of goods in August came to 3 billion euros, compared to a deficit of 2.42 billion euros in the same month last year. Total imports came to 7.72 billion euros, from 5.19 billion last year. At the same time, total exports came to 4.71 billion euros, from 2.77 billion in August 2021
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Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
EconomyBankingmain NPE actions remaining - codenamed Sunrise 3 and Solar - of 500 and 300 million euros... year, while normalised trading income was 64 million euros. Total operating expenses stood at 623... pct, while the total capital ratio was at 15.4 pct.
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Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022
EconomyBankingPiraeus Bank posted a net profit of 899 million euros in the full year 2022, from losses of 3... normalised trading income was 72 million euros, from 19 million in 2021. Total operating expenses... was 11.5 percent, while the total capital ratio was at 16.4 percent. The respective ratios at the end
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Newsletter 384 - 09/06/2023
a few thousand votes short of getting over the 3 pct threshold for electing MPs on May 21... peak of 4.15 billion euros in Q4 2022. This anomaly pushed up the total capital formation to levels... by 20.7 pct, bringing the total to 9.29 billion euros. Imports dropped by 1.9 pct, while exports increased
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Strong tourism season has little impact on unemployment, hovering at 10.8 pct in July
EconomyMacroeconomy, the number of employed people increased by 105,766 in July, with total employment staying above... among women fell by almost 3 percentage points (pps) year-on-year and came to 13.5 percent, while..., the hiring balance has reached 304,918, improved by 37,726 more jobs year-on-year. Total hires were
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomyof employed people increased by 70,724 people, with total employment staying above and now distancing.... The unemployment rate among women fell by over 3 percentage points (pps) year-on-year and came to 12.4...-on-year. Total hires were 2.14 million, against 1.86 million departures.
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What is driving the Greek housing market's recovery?
EconomyFeaturesplace appears to be shying away from housing, with total investment in the sector dropping from... be linked to the Golden Visa scheme. Over the same period, the total investment in housing... completed entirely in cash, while almost 3 billion euros’ worth of purchases were settled partly in cash
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Current account deficit drops sharply to 14.13 bln in 2023 as energy effects moderate
EconomyMacroeconomyof almost 3 billion euros in the same month last year. Total imports came to 6.36 billion euros in December, from 7.47 billion last year. At the same time, total exports came to 3.6 billion euros
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