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Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
EconomyBankingof 755 million euros last year, a drop of 20.7 percent. The profit was adjusted by normalising other... and restructuring costs. Net profit was 684 million euros vs. 940.7 million euros in 2022, a drop of 27.3... in H1, up from 28.2 percent in 2022. The H1 cost of risk - or provisions over average net loans
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IMF forecasts high primary surpluses, tempers growth expectations
EconomyMacroeconomy. The unemployment rate is expected to drop below 10 pct by next year, reaching 9.3 pct from 10.8..., from 1 pct in 2023 and remain above 2 pct for the whole forecast horizon up to 2028 at 2.2 pct of GDP. According to the forecasts, the general deficit will drop below 1 pct of GDP next year
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
EconomyBankingof 924.2 million euros last year, a drop of under 1 percent. The profit was adjusted by normalising... and restructuring costs. Net profit was 980.1 million euros vs. 1.11 billion euros in 2022, a drop... percent YoY to 672.7 million euros. This took the cost-to-income ratio to 33.1 percent in 9M, up from
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Retail sales back in contraction for Jan, as volumes fall by 8.9 pct
EconomyMacroeconomyGreece’s retail sales went into contraction in January, with a drop of 2.3 percent year-on-year..., automotive fuel was down by 3.9 percent, non-food was down by 4.4 percent and food sales were up... sales were up by 0.9 percent. The inflationary effects are reflected in volumes, with fuels down
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Government attempts to fight back amid opposition disharmony on Tempe tactics
PoliticsGreek Politicsis expected to progress to a fourth round next week, where the threshold will drop to 151. While next week’s... in Tempe has rendered his candidacy more controversial. To drop below this threshold, a handful... would need to come up with more specific evidence for their allegations of a cover-up to stick
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Newsletter 465 - 06/06/2025
, but with a noticeable drop to 22.4%. This decline signals a generational departure from traditional political... Ministry officials have been estimating that the new escape clause regime will free up some 500 million... might increase the tax-free threshold, introduce an intermediate tax rate and up the level of the 40
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Trade deficit rises sharply in June as exports continue to fall
EconomyMacroeconomypercent drop in May, according to data released by ELSTAT on Thursday. The deficit came to 3.14 billion... those from non-EU countries had a drop of 1.4 percent. Exports to EU countries dropped by 3.5 percent... decreased by 4.9 percent. Excluding the value of oil products and ships, the aggregate deficit was up
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Trade deficit narrows by 13.6 pct YoY in Sep on back of oil effects
EconomyMacroeconomyGreece’s trade deficit fell sharply by 13.6 percent year-on-year (YoY) in September, after a drop... YoY, while those from non-EU countries had a drop of 9 percent. Exports to EU countries rose by 5.6..., the aggregate deficit was up by 3.4 percent, at 20.89 billion euros. Imports from EU countries were up by 4.5
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Trade deficit drops sharply in Oct, down 6 pct in 10M
EconomyMacroeconomyGreece’s trade deficit fell sharply by 18.4 percent year-on-year (YoY) in October, after a drop... YoY, while those from non-EU countries had a drop of 8.7 percent. Exports to EU countries rose... deficit was up by 0.6 percent, at 23.49 billion euros. Imports from EU countries were up by 2.9 percent
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Trade deficit narrows by 15.1 pct YoY in Nov
EconomyMacroeconomyGreece’s trade deficit fell sharply by 15.1 percent year-on-year (YoY) in November, after a drop... percent YoY, while those from non-EU countries had a drop of 11.4 percent. Exports to EU countries dropped..., the aggregate deficit was up by 0.1 percent, at 25.81 billion euros. Imports from EU countries were up
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