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  1. Trade deficit drops by 20 pct in 2023 despite contraction of exports
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday. The deficit came to 2.61 billion euros for December. Imports totalled 6.31 billion euros, dropping by 17.7 percent

    2%

  2. Industrial production concluded 2023 with modest annual growth of 2.2 pct
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    recorded a rise of 0.7 percent, after a drop of 4.1 percent in the previous month. The annual movement

    2%

  3. European Commission leaves 2024 growth estimate of 2.3 pct unchanged
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    , from HICP of 4.2 pct last year to 2.7 pct in 2024 and drop further to 2 pct in 2025.

    2%

  4. Industrial turnover drops by 7.2 pct in Dec, pulling 2023 figure 4.1 pct lower

    EconomyMacroeconomy

    The contraction in Greece’s industrial turnover accelerated in December, dropping sharply by 7.2 percent year-on-year (YoY) from a 2.5 percent decrease in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. This is the ninth successive annual drop

    2%

  5. Building activity slows in Nov as permits contract by 1.2 pct YoY

    EconomyMacroeconomy

    , with the biggest rise noted in Crete with 20.3 percent, and the largest drop in Western Macedonia with 45.5

    2%

  6. Newsletter 414 - 01/03/2024

    Newsletters

    outlier compared to the rest of Europe. The ministry expects prices of formula milk to drop by as much

    2%

  7. GDP continued to slow in Q4, rise for 2023 at 2 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) GDP had marginal gains in Q4, rising by 0.2 percent quarter-on-quarter (QoQ), from a 0.1 percent drop in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday. The Greek economy has been growing continuously QoQ now since Q2

    2%

  8. Labour market comes to rest, unemployment at 10.5 pct in Q4
    Photo via https://flic.kr/p/2cusZTV

    EconomyMacroeconomy

    , a drop of 1.3 percent quarterly and 2.1 percent year-on-year.

    2%

  9. Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent. Net profit was 1.14 billion euros vs. 1.35 billion euros in 2022, a drop of 15.4 percent. Core pre-provision income (PPI) jumped by 58.6

    2%

  10. Newsletter 415 - 08/03/2024

    Newsletters

    , as minor movements were recorded during the year and, after the latest revision, the first quarterly drop

    2%