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  1. Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    in 2019 stood at 982 million, a drop of 6 percent YoY. This trend improved the group’s recurring cost... funding makes up the total current sum. QoQ, the bank reduced its ECB funding by 600 million euros

    6%
  2. Building permits increase by 55.7 pct in January
    Photo by MacroPolis

    EconomyMacroeconomy

    ) and the Ionian islands (+100 percent). A drop of 15.4 percent was noted in western Macedonia. It should... Commission showed that the construction confidence indicator edged up by 0.8 points to -30.5 points

    6%
  3. Gloomy preliminary results for Aegean as state support talk gathers pace

    EconomyFeatures

    Greece’s national airline, Aegean Airlines, has sounded the alarm over its first quarter (Q1) results which showed a sharp drop in revenues in the third month of the quarter, dragging the entire... is also included in plans by the Greek authorities to set up a fund that will co-finance companies

    6%
  4. PMI rises to 41.1 points in May but manufacturer pessimism persists
    Image via www.mytilineos.gr

    EconomyMacroeconomy

    in resuming operations and a drop in client demand were the factors cited. Demand was mediocre as firms.... Production is expected to pick up later in the year, though domestic demand will remain subdued.

    6%
  5. Lockdown reduced spread of Covid-19 by 80 pct, research indicates
    Photo by MacroPolis

    Society

    Greece’s early and aggressive tackling of the coronavirus pandemic in the country led to a drop in transmissions by 81 percent, a new research paper has shown. The research team includes... by 55 percent and up by 20 percent for residencies. At the end of May, residential visits were higher

    6%
  6. BoG highlights how Covid-19 compounds legacy issues and structural challenges
    Photo by MacroPolis

    Economy

    . There is a milder scenario of a 4.4 pct drop in 2020, while in the adverse, which essentially assumes... In the run up to the pandemic, banks saw a series of positive developments with NPEs continuing

    6%
  7. Industrial production drops by 0.2 percent in July
    Photo by MacroPolis

    EconomyMacroeconomy

    drop in the electricity supply index, followed by the mining and quarrying index (-4.4 percent... a pick-up in business confidence to a six-month high, Markit noted. At the same time, the rate

    6%
  8. Loans under credit servicing firms edges down by 0.4 pct QoQ to 30.90 bln in Q2
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyBanking

    billion, edging up by 0.2 percent QoQ. Loans to non-financial corporations (NFCs) stood at 8.91... proprietors and unincorporated partnerships came to 5.53 billion, representing a drop of 3.2 percent

    6%
  9. BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
    Photo via http://www.delphiforum.gr/

    Economy

    for the first six months of 2020 is better than the 9 pct drop observed in the rest of the eurozone... revenues are suffering from due to the crisis. These fiscal dynamics will push Greek debt up above

    6%
  10. Current account shows surplus of 79.7 mln in August
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    offset by a 3.1 billion drop in the balance of goods deficit as well as the improvement in the primary.... In the first eight months of 2020, a surplus of 1.42 billion was registered, up by 1.16 billion YoY

    6%