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Newsletter 397 - 13/10/2023
outperform peers this year, with growth expected to land at 2.5 pct, compared to just 0.7 pct in the eurozone, with Germany even contracting by 0.5 pct this year, France growing by just 1 pct and Italy... the period up to 2027, a significant rise from the 0.8 pct average of the five-year pre-pandemic period
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NBG's NII rises by 73 pct to 1.64 bln in 9M
EconomyBanking, compared to a profit of 284 million euros in 2022, a significant rise year-on-year. Attributable profit was 791 million euros, compared to 680 million euros in 9M 2022, as last year included one-off... was 1.38 billion euros in 9M 2023 vs. 935 million euros in the same period last year. Asset quality NPEs
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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... of 11.4 percent. Core pre-provision income (PPI) jumped by 71.8 percent year-on-year (YoY) in 9M to 1.33 billion euros, from 775.1 million euros in the same period last year. Asset quality The stock
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Decline in import prices accelerates to 13.4 pct in Oct
EconomyMacroeconomymonth, as it fell by 13.4 percent year-on-year (YoY), after dropping by 9.2 percent in September... this year. The index peaked in April last year with a 39.1 percent rise. However, due to last year’s unprecedented rises, this year’s numbers have a significant base effect. Last year’s October reading
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Newsletter 406 - 15/12/2023
that the opposition, rather than the government, has more to think about in the New Year. Prime Minister... proprietors also own major media outlets. The debate over next year’s budget began in Parliament... Agency (PDMA) to roll out its debt plan for next year. The strategy is due to be officially
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Newsletter 407 - 12/01/2024
on Friday the draft legislation that would allow Greeks to cast postal votes in this year’s... pct in November last year, from a high of 12 pct in September 2022. However, food and non-alcoholic beverages climbed in November last year by six percentage points above the headline number to 9 pct
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Import prices continue to contract in Nov, but at lower pace of 8.6 pct
EconomyMacroeconomythe previous month, as it fell by 8.6 percent year-on-year (YoY), after dropping by 13.4 percent in October... January this year. The index peaked in April last year with a 39.1 percent rise. However, due to last year’s unprecedented rises, this year’s numbers have a significant base effect. Last year’s November
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Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
EconomyMacroeconomya deficit of 2.74 billion euros. Excluding last year’s November figure that was severely affected by the energy crisis, this year’s November deficit was the largest since January 2010. The deficit... in the same month last year. Total imports came to 7.05 billion euros in November, from 8.47 billion
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Government strives to prevent farmers' protests gathering pace as flood costs spiral
PoliticsGreek Politicsto block the Athens-Thessaloniki national road, claiming that last year’s wildfires and floods... of production, the impact of last year’s natural disasters in Greece is also a key driver... payments for the damage inflicted by Storm Daniel last year are not being released fast enough, leaving
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Import prices end 2023 with 12.3 pct drop after 27.7 pct jump in 2022
EconomyMacroeconomyGreece’s import price index remained in contraction in December, as it fell by 8.7 percent year-on-year (YoY), after dropping by 8.6 percent in November, according to data released by the Hellenic... contracting since. The index peaked in April last year with a 39.1 percent rise. However, due
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