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Newsletter 444 - 06/12/2024
this year. He noted that banks have been recapitalised with almost 40 billion euros of Greek taxpayers... over the last year and half has led to realised losses that reach 34 billion euros, a massive blow... number indicates the second slowest growth in a year. Cost pressures intensified during the month
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Current account deficit at 8 bln after 10M as goods deficit widens
EconomyMacroeconomybillion euros in October, from 2.94 billion euros in the same month last year. Total imports came to 7.14 billion euros in October, from 7.27 billion last year. At the same time, total exports came... balance at a deficit of 536.3 million euros, from 698.2 million euros last year. The balance of goods
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Energy drives 1.2 pct YoY drop in Nov producer prices as other categories increase strongly
EconomyMacroeconomyto 1.2 percent year-on-year (YoY), after a decline of 2.3 percent in October, ELSTAT data showed on Monday. July this year provided the first positive reading since February 2023, producer prices have been in contraction for more than 1.5 years. The index had been growing over a two-year period since
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New Democracy aiming to regain lost ground and keep rivals contained in 2025
PoliticsGreek PoliticsThe PM’s office is honing its strategy for the coming year, hoping that 2025 will be the year New... had a difficult year, experiencing unexpected challenges from both right and left, and while... that they hope will cement their hold on power over the longer term. In his New Year’s message, PM
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Mitsotakis aiming to overcome voter disappointment and rebuild decisive lead in 2025
PoliticsGreek Politicsof the reform momentum it lost last year, while also paying particular attention to issues affecting... will preside over his first cabinet meeting of the year on Friday and it is expected... for 2025. A central part of ND’s strategy this year will be to re-establish itself in voters’ minds
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Current account deficit widens to 3.15 bln in Nov, at 11.52 bln in 11M
EconomyMacroeconomyin the same month last year. Total imports came to 7.18 billion euros in November, from 7.02 billion last year. At the same time, total exports came to 3.95 billion euros, from 4.19 billion in November 2023... million euros last year. The balance of goods excluding oil and ships was 2.45 billion euros
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U.S. and China are still in reconnaissance mode, but for how long?
Agorathe two leaders enjoyed in 2017. In April that year, Trump hosted Xi at Mar-a-Lago... war on China the following year. A replay of the same scenario can all but be ruled out. Trade... by 4.9% year-on-year, with China importing agricultural products, energy, pharmaceuticals
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Industrial turnover grows by 5.7 pct YoY in Dec - 2024 rise at 2 pct
EconomyMacroeconomyGreece’s industrial turnover resumed growth in December, rising by 5.7 percent year-on-year (YoY... Authority (ELSTAT) on Thursday. On a rolling 12-month basis, which in this case captures the full year..., Greece’s Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points, from
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Growth of travel receipts in 2024 slows to 5.4 pct as arrivals go past 35 mln-mark
EconomyMacroeconomyyear-on-year. Travel payments rose by 24.7 percent to 285.2 million euros. The number of arrivals... in 2023. For the full year 2024, travel receipts increased by 5.4 percent to 21.7 billion euros... euros for the period, compared with 603.2 euros a year earlier. Receipts from the EU27 were 11.95
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Piraeus reports 1.24 bln euros profit for 2024, commissions income at 636 mln
EconomyBankingrespectively in 2023. Net trading income was just 65 million euros, from 58 million the previous year. Total operating expenses stood at 823 million euros, from 793 million euros a year ago. Reported pre... billion euros in 2024, from 59.57 billion a year ago. The loans-to-deposits ratio was at 63 percent
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