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Eurobank profitability rises in 9M, Mexico securitisation takes NPE ratio to 7.3 pct
EconomyBankingEurobank posted a net income of 216 million euros in the first nine months (9M) of the year, compared to a loss of 1.08 billion euros in the same period last year. In the third quarter (Q3), net... (PPI) rose by 4.1 percent year-on-year (YoY) in 9M to 675 million euros, with 318.4 million euros
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Industrial turnover rises by 40.6 pct in Oct
EconomyMacroeconomyGreece’s industrial turnover remains on a solid footing, jumping by 40.6 percent year-on-year (YoY... the pandemic struck. The first sign of recovery came roughly one year later, posting growth of 18.2 in March this year. October is the latest impressive reading that marks the rebound from
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Govt readies targeted support for energy bills in bid to contain cost of living crisis
PoliticsGreek PoliticsHigh energy prices continue to challenge the government’s fiscal planning going into the new year... which faces the Greek government at the start of the new year, much as it did at the tail-end of 2021... details emerging over recent days. Prime Minister Kyriakos Mitsotakis chaired a crisis meeting on New Year
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingof last year. The bank also plans to reduce NPEs further at the start of the new year... transactions of 3.4 and 1.3 billion euros respectively, Alpha Bank managed to reduce NPEs this year... billion euros. Alpha Bank intends to drop NPEs by the end of this year to 3 billion euros
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Public sector capital stock in Greece and the Euro-19
Agoraformation; and we deduct 5 percent depreciation of the existing prior year real capital stock...) in the 2010s. Capital is a stock variable that does not vary as much from year to year. Thus... is the accounting depreciation of the existing capital stock each year. This number may be somewhat
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Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recorded a notable rise of 8 percent year-on-year (YoY... Statistical Authority (ELSTAT) data released on Monday. IPI has been recovering since November last year, exceeding a full year of continued growth. The most significant rise of 22.7 percent was recorded
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Disposable income grows by 6.2 pct in Q3, saving rate turns negative
EconomyMacroeconomyHousehold disposable income increased by 6.2 percent year-on-year (YoY) in the third quarter (Q3... a year ago. A drop of 13.8 percent was noted in other current transfers. Social contributions increased... disposable income) stood at -1 percent, from 2.3 percent a year ago. In the non-financial corporation
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Budget primary balance up to Feb beats target by 1.09 bln on back of underspend
EconomyMacroeconomy, compared to a deficit of 1.5 billion euros in the same period last year, according... of the year. Expenditure, excluding interest payments and the public investment budget, came to 6.67... reach Greece in April this year. Tax revenues outperformed the target by 887 million euros, thanks
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Building activity ends 2021 on the up, rising by 26.6 pct annually
EconomyMacroeconomyLast year ended on a high with respect to the number of building permits issued in Greece, Hellenic Statistical Authority (ELSTAT) data showed on Monday. They rose by 18.3 percent year-on-year (YoY... on a very small base of permits, rising to 31 from 13 in the previous year. In general, the annual
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Producer prices triple YoY and increase by 4.9 pct MoM
EconomyMacroeconomypercent year-on-year (YoY), after another solid increase of 31.6 percent in January, ELSTAT data... it grew annually by 9.1 percent. It has been growing ever since, closing a full year that took the index from 102.63 points in February last year, to 137.09 points this year. Month-on-month (MoM
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