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Government readies up to 2 bln in assistance for shuttered firms and employees
Economyby the shuttering of some businesses and the drop in turnover in various sectors of the economy. Staikouras said that the government estimates that up to 700,000 workers will be affected now. The interventions... on banks to come up with assistance plans for business and retail customers as soon as possible
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Amid virus gloom, govt lines up support for catering and targets swift upturn
PoliticsGreek PoliticsA ramping up of Covid-19 vaccines and self-tests will help Greece emerge quickly from the grips... to 755, while another 561 more people were admitted to the hospital. There has been no let-up... minister revealed that the government is willing to provide up to 330 million euros to the struggling
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CPI shoots up by 8.9 pct YoY and 2.7 pct on previous month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up more pace in March, rising by 8.9 percent year... increase of 0.1 percent and prices have been pushing up since. Prices had not grown at such a high annual... offset by a drop of 2.9 percent in communication. Reflecting the impact of the energy crisis
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Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
EconomyMacroeconomywas up by 1.1 percent, with the mining and quarrying index increasing by 48.1 percent. Manufacturing... in mining and quarrying. In the non-domestic market, the increase was driven by a 1 percent drop... in manufacturing and mining and quarrying up by 23.8 percent. Monthly, the domestic market was up by 16.3
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Building permits pick up pace in Oct with 8.7 pct growth
EconomyMacroeconomyBuilding permits picked up pace in October, rising by 8.7 percent year-on-year (YoY), after a rise... mostly positive, with the biggest rise noted in Thessaly with 36 percent, and the largest drop in North..., permits were up by 9 percent YoY to 21,940. The corresponding surface is up by 15.6 percent while volume
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Small gains for building activity in Dec, up 7.1 pct in full 2023
EconomyMacroeconomyBuilding permits only rose marginally in December, up by 0.6 percent year-on-year (YoY), after... in South Aegean and Crete with 20.5 and 20.7 percent, and the largest drop in Western Macedonia with 47.4.... During the full-year 2023, permits were up by 7.1 percent YoY to 26,962. The corresponding surface
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Trade deficit moderates in June, up 10.5 pct YoY in H1
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 9.8 percent year-on-year (YoY) in June, after a solid... products and ships, the aggregate deficit was up by 9.9 percent, at 13.32 billion euros. Imports from EU countries were up by 1.6 percent to 21.04 billion euros, while imports from non-EU markets were also
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Trade deficit up sharply in Sep, reaches 25.13 bln in 9M for 8.5 pct YoY rise
EconomyMacroeconomyGreece’s trade deficit rose sharply by 12.9 percent year-on-year (YoY) in September, after a drop.... Excluding the value of oil products and ships, the aggregate deficit was up by 6.1 percent, at 20.11 billion euros. Imports from EU countries were up by 2.2 percent to 31.64 billion euros, while imports
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Alpha NII at 1.22 bln in 9M, fees up by 11 pct YoY at 306 mln
EconomyBankingmillion euros in the same period of 2023, a drop of 2 percent. Normalised profit after tax for 9M was 666... was 1.02 billion euros, from 918 million in 9M 2023, up by 11 percent. Asset quality The NPE ratio... and 73 percent from collateral. P&L NII was 1.24 billion euros in 9M, up by 2 percent year-on-year
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CPI captures rise in housing costs with 7.2 pct YoY increase, headline up 2.8 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up further pace in June with a rise of 2.8 percent year... percent, from 0.2 percent in the previous month. In June 2024, the CPI was up by 2.3 percent YoY... annually in June. Month-on-month, the HICP was up by 1.3 percent. In June, the annual CPI movement
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