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Newsletter 218 -06/09/2019
a downward revised rise of 1.1 percent in Q1, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed this week. The YoY GDP growth was primarily driven by a 1.1 percent rise... increases for both these geographic areas came to 0.8 percent and 1.1 percent, respectively. 2 GDP
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomygovernment net receipts from the EU. In contrast, the services’ surplus rose by 128 million, while... in the trade deficit reflects higher net oil import bill largely offset by lower net payments... higher net payments for purchases of ships, while the net oil import bill posted a slight rise
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Current account surplus widens to 1 bln in September
EconomyMacroeconomybalance rose on the back of higher net air and sea transport receipts. Moreover, travel receipts... income balance mostly reflects higher net interest, dividend and profit payments, while the worsening secondary income deficit stems from higher general government net payments. Despite the recorded
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Newsletter 137 -27/10/2017
euros off target. Net revenues came to 34.76 billion euros, missing their target by 2.25 billion. Gross... declined by 5.5 percent to 29.71 billion, representing an underspend versus the target by 1.62 billion.... Moreover, the net lending flow showed net deductions of 7.6 million euros from 312.7 million
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Newsletter 110 - 10/03/2017
posted a marginal growth QoQ. The provisional estimates also showed that GDP fell by 1.1 percent year... that for unemployed fell for the fourth consecutive month by 2,300 to 1.1 million. Over the last twelve months..., with net hirings soaring to 24,938 from 14,437 last year, data from the Labour Ministry’s Ergani
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Turkey maintains maritime pressure as Athens and Ankara court Haftar
PoliticsForeign Policyas Chevron’s decision to submit a proposal for two blocks south of Crete despite the Turkey-Libya... spatial planning (MSF) last April, but since then is trying to leverage its footprint in Libya... the Turkish-Libyan memorandum. Belgacem Haftar, the son of Khalifa Haftar and director of Libya’s
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Athens presses Benghazi in bid to block ratification of Turkish–Libyan maritime pact
PoliticsForeign PolicyGerapetritis and Aguila Saleh, president of Libya’s Benghazi-based House of Representatives. The meeting formed part of Athens’ regular contacts with representatives of Libya’s de facto government... of Exclusive Economic Zones among Greece, Turkey, Libya, Egypt and Cyprus. During the meeting, Gerapetritis
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomy. The monthly loan flow remained negative for the third successive month with a slowdown in net... negative flow of 291 million, while corporate lending showed modest net additions of 35 million. The breakdown by segment showed the contraction in corporate lending significantly slowed to 1.1 percent
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Newsletter 263 -11/09/2020
(including the Covid-19 impairment impact of 324 million). Net profits in Q2 came to 82 million versus... the pandemic and posted a net profit of 465 million euros from continued operations in H1, compared to 245 million euros in H1 2019. On a quarterly basis, net results showed a profit of 58 million
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingEurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million..., the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... million. Net interest income (NII) rebounded 2.2 percent QoQ to 375.3 million, mainly reflecting
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