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Despite sharp increase in Dec, current account deficit improves markedly in 2025 to 14.11 bln
EconomyMacroeconomyof the year and the largest since November 2022. The deficit for the balance of goods came to 3.56 billion euros in December, from 3.19 billion euros in the same month last year. Total imports came to 7.57 billion euros in December, from 7.01 billion last year. At the same time, total exports came
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Eurobank net profit at 1.36 bln in 2025, dividend payout at 717 mln
EconomyBankingEurobank posted a net profit of 1.36 billion euros in 2025, from 1.45 billion euros a year earlier, down by 6 percent year-on-year (YoY). Core pre-provision income (PPI) dropped by 1.9 percent year-on-year (YoY) in 2025 to 2.06 billion euros, from 2.1 billion euros in 2024. P&L Net interest income
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Piraeus Bank's net profit at 278 mln in Q1, net interest income at 481 mln
EconomyBankingPiraeus Bank posted a net profit of 278 million euros in Q1 this year, from 282 million euros in Q1... was a loss of 18 million euros, from 19 million euros profit last year. Total operating expenses stood at 246 million euros, from 224 million euros a year ago. Reported pre-provision income (PPI) was 414
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Current account deficit at 2.34 bln in Mar, up to 6.96 bln in Q1
EconomyMacroeconomyin March, from 3.1 billion euros in the same month last year. Total imports came to 7.44 billion euros in March, from 6.92 billion last year. At the same time, total exports came to 4.85 billion euros... into a surplus of 147.9 million euros, from a deficit of 740.3 million euros last year. The balance
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Newsletter 508 - 12/06/2026
. On an annual basis, headline GDP grew by 2% year‑on‑year (YoY) in Q1, far outperforming the eurozone.... The weakest private‑spending growth rates last year were in Q2 and Q3, at 1.2% and 1.3% YoY respectively..., suggesting that the latest wave of price hikes will be persistent this year as the Iran war drags
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We need to talk about unemployment
Agorathat Greece will remain in recession next year, which would mean a seventh straight year of contraction... at 27.8 percent this year and a higher rate of 28.4 percent in 2014. Equally, the Bank of Greece... this year and does not foresee a reduction before 2015, which suggests the rate will hover at 28 percent
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What is the state of play with Greek banks?
EconomyHaving suffered huge losses due to the PSI last year, completed a series of M&A that reshuffled... of the crisis. Last year started with the implementation of PSI, which resulted in a 24.1-billion-euro net... the total loss for the sector stood at 31.9 billion. At the end of last year, the Bank of Greece (BoG
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For Stournaras, it's out of the frying pan and into the heating oil
PoliticsGreek Politicswas the decision to raise the consumption tax on heating oil last year to equal the levy on vehicle fuel... was raised after last year's elections with the aim of increasing revenue but primarily to tackle fuel smuggling, which was estimated to be worth 600 million euros a year in Greece. However, the hike led
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Disposable income plunged 9.3 pct in Q2, dragging consumption down with it
EconomyMacroeconomyGreek household disposable income fell by 3.1 billion euros or 9.3 percent year on year (yoy... in property taxes this year, mainly related to the payment of past years’ tax obligations, the second... of the year. As expected, gross savings remained negative in the second quarter at -2.6 billion from
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Does new troika visit spell fresh drama for Greece? Maybe not
Economyto fire before the end of the year to meet its target of 4,000 sackings. The troika also wants... in the last quarter of this year. How much money has Greece received so far and how much more... euros were used for last year's debt buyback without increasing the total "financial envelope
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