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Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
EconomyMacroeconomy611 million euros in compensation to lessors due to decreased rents; 155 million euros for the grant
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Credit growth stable at 0.9 pct in Oct, led by lending to corporates
EconomyMacroeconomyby 148 million, following positive by 611 million euros in the previous month, taking the balance
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Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
EconomyBankingAlpha Bank reported a net profit of 611 million euros in 2023, compared to a profit of 368 million euros in 2022. Normalised profit after tax for 2023 was 780 million euros, from 398 million in 2022, a rise of 96 percent. Core pre-provision income (PPI) in 2023 was 1.25 billion euros, from 717
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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
EconomyMacroeconomyin Attica (611), in line with the historical trend, and the smallest number of permits were issued
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Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
PoliticsGreek Politicsprotecting primary residences from foreclosure expired at the end of July, the government came up..., it launched a new electronic platform for mortgage subsidy applications to prevent primary residences... of primary residences which allows borrowers to rent their homes back from a holding entity and buy
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicson the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified... for the European Parliament elections next month. Interior Minister Niki Kerameus has stressed
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
EconomyΤhe Finance Ministry (MoF) tabled on Wednesday night an amendment to the legal framework which allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant... reportedly approved. a) Τhe new legislation is optional for the banks and requires approval from
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Greek industrial turnover posts rise of 1.8 pct in September after earlier drop
EconomyMacroeconomyΤhe Turnover Index in Industry rose by 1.8 percent in September following an upward revised 4.1 percent drop in August, according to the Hellenic Statistical Authority (ELSTAT). Note that historical... (down 16.4 percent). Τhe Markit’s Manufacturing PMI slightly improved by 0.4 points to 48.8 in October
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Stronger rise of 4.1 pct for Greek industrial turnover in October
EconomyMacroeconomyΤhe Turnover Index in Industry increased for the second straight month in October at an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according...) and wood and cork (down 17.6 percent) following suit. Τhe Markit’s Manufacturing PMI slightly improved
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Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
EconomyMacroeconomy. Τhe non-seasonally adjusted (NSA) unemployment rose to 22.4 percent in October after a short-lived..., there is a notable divergence in their estimates. Τhe most optimistic projection is that of the IMF (21.5
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