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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... of a double digit rise in receipts (+16.3 percent) and drop in the corresponding payments (-12.3 percent.... From the other key C/A components, the sharp drop in the primary income surplus is attributed
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economy, the Commission expects the economy to be hit badly by the pandemic, leading to a severe drop of 9.7 pct... pct in 2020 and to rebound by 17.9 pct in 2021. Imports will drop by 18 pct this year and grow.... Private consumption is forecast to drop by 9 pct in 2020 and recover by 7.9 pct in 2021. Government
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingbut fell 2.1 percent year on year (YoY) in H1, mainly due to a drop in personnel cost by 8.8 percent... two figures for Greek banks’ potential capital shortfalls: One under the static model and one under the dynamic model, which will incorporate the restructuring plans approved by the DG Comp in July
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingNII fell QoQ on continued deleveraging in conjunction with a 10 bps drop in lending spread. Net... the static model and the dynamic model (based on the restructuring plan approved by the EU DG Comp) could
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingof 7.1 billion. The 7.6-bln-euro drop during the first quarter of 2020 was mostly driven by Eurobank... be an opportunity to change the country’s economic model and transform the business model of credit
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Newsletter 475 - 12/09/2025
model, demographic resilience, technological upgrading and a “Patriotic Contribution” on top incomes... ahead This policy duel encapsulates a deeper clash over Greece’s growth model: Tsipras’s centre-left... pct, though certain goods recorded significant rises, offset by the sharp drop in the price of oil
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Newsletter 111 - 17/03/2017
that Brussels favours Greece being “within the framework of the European social model” when it comes... areas recorded a drop in Q4, with the most notable deterioration in information service (-29.6 percent..., the number of tax debtors edged up by 26,623 in January, after a short-lived drop by around 165,800
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Fall in industrial production speeds up in October with 5.2 pct drop
EconomyMacroeconomyThe Industrial Production Index (IPI) took on a faster downward trend in October with a drop of 5.2... digit drop. Note also that the IPI had only four positive year-on-year (YoY) readings since April... a moderate increase of 0.8 percent. The year to date drop stems from a decline in all industrial areas
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Greek building activity drop decelerates to 16 pct in March
EconomyMacroeconomy(ELSTAT). The respective drop in May surface was much softer at -8.2 percent, while volume posted... drop at slightly lower levels (-17.9 percent). The regional breakdown indicates Ionian Islands.... On the flipside, building activity in the Western Greece recorded a single-digit drop at -8.3 percent
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Drop in building permits accelerates to 7.1 pct in Jan
EconomyMacroeconomyThe drop in Greek building permits slightly accelerated to 7.1 percent in January from 6.4 percent... is the eighth straight monthly negative reading for the month and is the second lowest drop over this period... a decline of 16.1 and 11.7 percent respectively, while volume posted a mid single-digit drop of 5.2
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