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  1. BoG sees banks on right path, warns impact of pandemic not visible yet
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    The progress made by Greece’s banks to clean up their balance sheets was reflected in the latest... improved up to June this year, with the NPE stock down to 20.3 pct, from 30.1 pct at the end... programmes for mortgages and business loans, as well as step up solutions offered by banks

    7%
  2. Polls boost for KINAL after leadership vote, as Androulakis rolls out key appointments

    PoliticsGreek Politics

    a more significant shift in voter preferences. However, the 3 percentage-point drop will be a wake-up... taking 34.2 pct, followed by SYRIZA with 24 pct and KINAL with 12.5 pct, up from 9.1 pct. New Democracy...’s MPs, the new leader spoke of the need to shake up the party and reshape it based on European

    7%
  3. Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
    Photo by MacroPolis

    EconomyMacroeconomy

    had dropped by 10.8 percent. Month-on-month (MoM), the index dropped by 1.2 percent, after a drop... and related products, furniture, motor vehicles, tobacco products and coke and refined petroleum products. Up... and quarrying. Water supply was up by 0.9 percent. According to the European Commission’s latest

    7%
  4. Central govt debt rises again in Q4, reaching 388.3 bln euros
    Photo by MacroPolis

    EconomyMacroeconomy

    three quarters of declines back in 2018. The Q4 debt movements reflect a drop of roughly 2 billion... by roughly 600 million euros. FSM loans continue to make up the majority of the total, accounting... (over 5 years) debt made up 74.6 percent of the total, while short-term (up to 1 year) and medium-term

    7%
  5. Recovery loses steam in Q4 with 0.4 pct QoQ growth as rise for 2021 hits 8.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    in goods, offsetting the drop of 6 percent in imports of services. Compared to Q4 2020, all components... percent. Household spending was up by 8.6 pct YoY, while government spending was down by 0.8... percent, and exports of goods up by 4.1 percent. Total imports also increased by 33.2 percent, thanks

    7%
  6. Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
    Photo by Giannis Papanikos/Fosphotos

    EconomyBanking

    euros in Q4, a drop of 2.7 percent QoQ. Net fee and commission income rose by 18.7 percent YoY... at 876.1 million euros, up 3.7 percent QoQ at 225.5 million euros. This took the cost-to-income... average net loans - was 111 bps, compared with 152 bps in 2020. Balance sheet Eurosystem funding moved up

    7%
  7. S&P moves Greece closer to investment grade, puts focus on budget and growth
    Photo by MacroPolis

    Economy

    closer to investment grade, up to BB (high) with a stable outlook. S&P had also upgraded Greece by one... have managed to drop the NPE ratio down to 13 pct of the total stock of last year’s loans... of significant deficits and pushed up the debt-to-GDP ratio to above 200 pct, S&P now sees the Greek

    7%
  8. Growth in building permits rises to 13.7 pct for Feb after slow start
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in building permits picked up pace again in February, with total permits rising by 13.7... was recorded in Epirus with a drop of 34.8 percent. In general, the annual fluctuations are affected... with 23. During the first two months of 2022, permits are up by 9.2 percent to 3,344

    7%
  9. CPI leaps by 11.3 pct in May as food and energy prices rise
    Photo by MacroPolis

    EconomyMacroeconomy

    by a drop of 2.5 percent in communication. Reflecting the impact of the energy crisis, electricity was up 80.2 percent annually and natural gas shot up by 172.7 percent. Heating oil also moved strongly... was up by 28.6 percent.

    7%
  10. Energy products drive import price to second highest ever growth of 37.3 pct in May
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    rises of 180.5 percent YoY, followed by manufacture of refined oil products up by 104.5 percent... by ELSTAT last week captured the highest price rise since the early 90s, up by 12.1 percent in June. The latest producer price in industry for May shot up by 43 percent, although it had the first month

    7%