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Inaugural 2023 bond attracts strong demand and steep interest
EconomyMacroeconomyof the ECB’s tight monetary policy as the same transaction of 3 billion euros exactly one year ago... expected to adjust its next moves in line with the credit rating review schedule, which kicks off
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Industrial turnover grows by 16.7 pct in Dec as foreign markets contract MoM
EconomyMacroeconomyrate of 2022. After more than one year of contraction, the index posted growth of 18.2 percent... of 2023 at 49.2 points, eased off though from the 47.2 points of December, according to S&P Global
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NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax of 861 million euros in 2022, compared to a profit of 832 million euros in 2021, a rise of 6 percent. Including the one-off gains of 297 million euros from EVO Payments, attributable profit reached 1.12 billion euros, a rise of 29 percent
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Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
EconomyMacroeconomycry from the increase of 42.4 percent in August. After more than one year of contraction, the index... Manufacturing PMI remained in contraction at the start of 2023 at 49.2 points, eased off though
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Piraeus Bank net interest income jumps to 420 mln in Q1, up 71 pct
EconomyBankingPiraeus Bank posted a net profit of 180 million euros in Q1 2023, from a profit of 521 million euros, the same quarter last year, thanks to one-off gains of 518 million euros. In 2023, clean-up impairments stood at 21 million euros, from 152 million euros in Q1 2022. Normalised operating profit
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Polls give ND clear lead as SYRIZA struggles to shape narrative
PoliticsGreek Politicsis planning a secret tax raid to fund its economic pledges. Skertsos hinted that this was one... nears. SYRIZA’s attempts to put Mitsotakis on the spot over his own off-the-cuff comments on the Tempe
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NBG NII jumps 73 pct in Q1 to 497 mln
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax of 260 million euros in Q1 2023, compared to a profit of 360 million euros in 2022, a drop of 28 percent. Last year included one-off gains of 152 million euros, with core profit after tax in Q1 at 228 million euros, up 88 million euros in Q1
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NBG's NII jumps 75 pct to 1.05 bln in H1
EconomyBankingNational Bank of Greece (NBG) reported a core profit after tax of 508 million euros in H1 2023, compared to a profit of 142 million euros in 2022, a significant rise year-on-year. Attributable profit was 530 million euros, compared to 546 million euros in H1 2022, as last year included one-off
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Government cracks down on sun lounger sprawl as public mood towards tourism sours
PoliticsGreek Politicsin the summer to tear down illegal constructions that were closing off access to a beach on the luxury... tourism since the cost-of-living dented Greeks’ ability to partake of the tourism product. With one
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PM returns to address hooligan aftermath as SYRIZA gears up for leadership vote
PoliticsGreek Politicsto pick them to replace Alexis Tsipras. One of the key questions that will be answered in the coming... is also the cut-off date for any candidacies to be announced. Tsipras is expected to also deliver his
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