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H1 bank results show performance stabilising, laying ground for further improvement

EconomyBanking 03/09/2019 - 14:44

Greece’s systemic banks reached the end of the first half of 2019 with relatively strong performance and the further derisking of their balance sheets as efforts continued to offload bad loans... in H1, an increase of 54 percent YoY. This was followed by NBG, where PPI rose by 26 percent to 310

20%
Athens buoyed by content, mood of Mitsotakis trip to Washington

PoliticsForeign Policy 19/05/2022 - 11:27

in relation to what is happening in Ukraine, underscoring the need for a strong reaction... the world's longest submarine power cable (310 kilometres (190 mi) from Israel to Cyprus and 898

19%
PMI rises to 54.7 in March as first quarter comes to strong end

EconomyMacroeconomy 01/04/2019 - 13:03

over the 50-mark threshold for close to two years. The latest reading marks a strong close... of growth for Greek manufacturers since October 2001. Strong output was a leading contributor to the rise... orders slowed compared to February, but remained strong. This growth was linked to greater advertising

17%
Amendment for migrant workers passes amid turmoil for government

PoliticsGreek Politics 20/12/2023 - 10:46

. The artwork by local Greek-American artist Georgia Lale shows a Greek flag made up of pink and white... of repeatedly bending to the will of the far right. PASOK defended the artist’s right to express herself

15%
Newsletter 310 - 01/10/2021

Newsletters 01/10/2021 - 15:57

PoliticsFull speed ahead for warship, defence deal with FranceGreece believes that it took a significant step this week to upgrading its defence capabilities but also bolstering the country’s geopolitical standing after agreeing to purchase at least thr...

14%
Car sales still going strong in 2014; up by 33.7 pct in October

EconomyMacroeconomy 10/11/2014 - 19:24

in October from 7,730 in September and 6,850 in October 2013. Following another strong reading... (+29.6 percent) in line with the total headline figure. All indications point to a strong double-digit... in 2014 is mainly attributed to strong tourism, which led to larger rent-a-car fleets, as well

14%
Strong resistance within SYRIZA leaves Tsipras with tough juggling act

PoliticsGreek Politics 02/03/2015 - 09:45

a strong presence on the 11-member political secretariat. Six of the seats went to the members from... is that his government and its agreement with Greece's creditors still have strong public backing... the elections, he may create a strong enough platform to fend of the dissenters within his party. Even

14%
Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance

EconomyMacroeconomy 14/10/2016 - 17:21

a strong underspend (by 1.91 billion) coupled with a revenue outperformance of 1.54 billion. The Public... of the personal income tax. As we have previously noted, the strong revenue collection could... the release of final budget execution bulletin due after October 20. Following the strong performance

14%
Greek stocks end week flat as Friday’s strong rebound erased earlier losses

Economy 16/12/2016 - 18:05

. However, investors’ concerns seemed to be alleviated on Friday, leading to a strong rebound of 4.2... over the last the last four weeks, mostly reflecting the strong rebound in the previous week. Banks... losses stood at 1.3 percent, slightly trimming the strong gains posted in the past four weeks to 11.8

14%
Manufacturing PMI dips slightly to 53.6 pts in September as sentiment remains strong

EconomyMacroeconomy 01/10/2018 - 12:01

growth was also strong, as manufacturers reported that foreign and domestic client demand remained strong. Input cost inflation softened from June’s peak and fell also to a five-month low. However... remained strongly positive as firms reported strong demand. Additionally, Greek manufacturers expressed

14%