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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 8 percent in July, from 8.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In July last year, the unemployment rate was 9.8 percent. ELSTAT postponed last month’s labour force survey
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Newsletter 198 -15/03/2019
on €1 bln package The Greek government failed to convince eurozone finance ministers this week to approve almost 1 billion euros worth of debt relief measures and remained locked in talks with its... billion, with a coupon of 3.875 percent, maturing on March 12, 2029. The final price settled
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Newsletter 8 - 19/12/2014
could be held on January 25 or February 1. Dimas in a short period of time. The fact remains..., that all the parties have their eye on early elections, which could be held on January 25 or February 1... in the 10-month period. Of this, 1 billion was recorded in January, while time deposits posted inflows of 2
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyGreek private sector deposit outflows accelerated to 7.58 billion euros in June from 3.86 billion in May, according to the Bank of Greece (BoG). The outstanding balance fell further to 122.23 billion, which is the lowest reading in more than 12 years, since November 2003. In addition, June outflows
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Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
EconomyMacroeconomyThe Greek market recorded marginal deposit inflows of 12 million euros in November following a positive flow of 1.02 billion in October, Bank of Greece (BoG) figures displayed on Thursday. As a result, deposit balances edged up to 124.8 billion euros at the end of November. This represents
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Building permits rise by 12 pct in July as construction picks up
EconomyMacroeconomyBuilding permits rose by 12 percent year-on-year (YoY) in July compared to a rise of 17 percent in June, Hellenic Statistical Authority (ELSTAT) data released on Monday showed. The total number of permits came to 2,116. The corresponding surface area rose by 3.8 percent while volume increased
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Car sales drop by 23.6 pct in August and 29.4 pct in first 8 months
EconomyMacroeconomy. For the same period last year, the figure showed an increase of 12 percent. In January to August, a total
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Going for Growth: What next for Greece's economy and banks?
Agoratourism numbers in 2018 - some 30 million visitors who between them spent 16.1 billion euros[1]. And yet..., with a series of capital market suspensions and a stock market that has contracted by 83 pct (figure 1), a staggering figure. Figure 1: Greek Stock Market Capitalisation Few will shed a tear for the plight
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Newsletter 288 - 12/03/2021
round of tax advance refunds worth 1 billion euros, as well 500 million euros earmarked for to subsidise... in 2019. Eurosystem funding came to 8 billion euros in 2020, after it had dipped to 1.9 billion... to 47.3 billion euros in 2020. The phased-in Common Equity Tier 1 (CET1) ratio came to 13.9 percent
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBanking(PPI) improved by 1 percent quarter-on-quarter (QoQ) to 294 million in Q2, mostly due to other income. Net interest income (NII) fell by 1 percent to 431 million euros QoQ, while operating expenses declined by 1 percent also. The results were largely in line with those of industry analysts. Asset
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