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  1. Bumper year for business launches in 2019, according to registry
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    delisted. This equals an increase of 85.8 percent year-on-year in the balance for 2019 versus 2018... that delisted from GEMI fell by 17.7 percent during the same period. Year-on-year company registrations... negative for each year except for 2016, when a 26.4 percent increase was noted. The largest drop

    6%

  2. FinMin sees favourable macro environment from next year, boosted by RRF
    Finance Ministry

    EconomyMacroeconomy

    sustainable high growth rates in excess of 3 pct, starting from this year. The second goal is to complete... profits twice a year. The government wants to exit this oversight framework within 2022. Bringing bad loans in the banking system to single digits next year is the other objective, which is in line

    6%

  3. Car sales more than treble in April from depressed level last year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . In April 2020, the year-on-year change showed a plunge of 85 percent, leaving last month’s total number... to 18,352 compared to 4,031 in April last year, an increase of 355 percent. Out of the total, passenger... of lorries (3,000) and buses (100). Motorcycle sales surged 383 percent from a year earlier at 4,776

    6%

  4. Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros by the end of this year. The ratio shot up from just over 180 pct to 205.6 pct last year and seen at 197.9 pct by the end of the year, also because of GDP dropping to 165.83 billion... billion last year and 81.8 billion euros expected by the end of the year. In 2022, the trend

    6%

  5. Central gov net cash position shows deficit reined in from last year to 6.97 bln

    EconomyMacroeconomy

    , from a deficit of 9.04 billion euros last year, according to figures released by the Bank of Greece... in October compared with a year earlier and came to 4.45 billion euros. The aggregate figure for the first 10 months of the year showed that revenues increased by circa 3 billion euros from last year

    6%

  6. Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
    Photo by MacroPolis

    EconomyMacroeconomy

    with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget... instalment to the new year and 644 million euros of SMP and ANFA profits that had not been included... euros compared to a deficit of 13.45 billion euros in the aggregate period last year. The budget

    6%

  7. Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
    Photo by MacroPolis

    EconomyBanking

    of Cypriot NPEs worth 2.2 billion euros - the NPE was down to 12.8 percent by May this year, from 30.1 percent a year ago. The NPE stock was marginally below 5 billion euros at the end of Q1, from 21.3... euros last year. NII also dropped QoQ in Q1 by 5 percent, from 298 million euros in Q4. The net

    6%

  8. Car market growth slows to 4.9 pct for 9M, from 23.1 pct last year
    Photo by MacroPolis

    EconomyMacroeconomy

    , rising by 4.7 percent year-on-year (YoY), from 19.1 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In September 2021, the year-on-year change was 6.2 percent, compared to a year ago, when Greece was only gradually finding its footing from the first

    6%

  9. Car sales end 2022 with modest full-year growth of 3.3 pct, from 22.1 pct in 2021
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time in December rose by 1.3 percent year-on-year (YoY), after going into negative territory in November, when they dropped by 0.7 percent..., the year-on-year change was a 21.4 percent rise. Car sales in December came to 11,976 compared to 12,007

    6%

  10. Car sales down by 13.8 pct in Oct for the second fall this year
    Photo by MacroPolis

    EconomyMacroeconomy

    at 7,897 in October, which indicates the second lowest reading this year after the low of 7,039 posted in August. The highest readings year to date were recorded in May and June at 13,000 and 12,751 respectively. In addition, there were five monthly readings above the 10,000 mark year to date, all of them

    6%