Search
-
Mitsotakis rejects early election talk despite intense speculation, as SYRIZA implodes
PoliticsGreek Politicsthese assurances, speculation about a snap election has intensified. A report on Mega TV... “the same mistakes and personal strategies” that led to the party’s collapse in 2023. These dynamics...%. A second poll, conducted by Pulse for Skai TV, shows ND maintaining a 13‑point lead over ELAS, though
18% -
Greek stocks climb 5 pct on week led by double-digit bank gains
EconomyThe Greek equity market headed north for the second straight week recording gains of 5 percent, after a rise of 1.5 percent in the previous week. The upswing was mainly fuelled by banks, which soared 17.9 percent. Despite a negative start in the first t...
18% -
Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by around 2.80 billion euros in February, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday. This decline took central bank funding to 26.30 billion euros for the month, down from the total of 29...
18% -
Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesA core group of 18 products made up the backbone of Greek exports during the crisis years, according to a study compiled by the National Bank of Greece (NBG). These key products recorded an increase of 71 percent in turnover abroad between 2009 and 2017...
18% -
New details reveal what may have led to discrepancy in Athens Airport concession price
EconomyFeaturesSources at the Hellenic Republic Asset Development Fund (HRADF) admitted to the local media this week that the initial price of the Athens International Airport (AIA) contract had been too low because it was based on outdated parameters. Private consult...
18% -
Deposits rose by 741 mln in February, led by higher sight savings
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 741 million euros in February, compared with outflows of 1.19 billion euros in January, Bank of Greece (BoG) figures revealed on Friday. The outstanding balance of private sector deposit...
18% -
Deposits jump by 1.62 bln in June, led by savings
EconomyMacroeconomyThe private sector’s net deposit movement in Greece’s banks accelerated in June, increasing by 1.62 billion euros, from 359 million euros in May, Bank of Greece (BoG) figures released on Tuesday showed. The outstanding balance of private sector deposits...
18% -
Trade deficit widens by 27.8 pct to 2.11 bln, led by oil products
EconomyMacroeconomyGreece’s trade deficit increased by 27.8 percent year-on-year (YoY) in September, from 43.3 percent in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The deficit came to 2.11 billion euros for the month. I...
18% -
Current account balance improves YoY in Sep thanks to a jump in services, led by travel
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 176.7 million euros, from a surplus of 1.41 billion euros in August, Bank of Greece (BoG) data showed on Friday. In September 2020, the balance showed a deficit of 446.3 million euros, while in September ...
18% -
Credit growth stable at 0.9 pct in Oct, led by lending to corporates
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.9 percent year-on-year (YoY) in October, from a revised 0.8 percent in September and 0.8 percent in August, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion...
18%