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Stocks up 3.1 pct during week to reach fresh two-year high
Economyup 3.1 percent after edging down 0.6 percent in the previous week. The rebound largely reflected... million this week after a short-lived drop to 51 million in the previous week. Market news Following... is the issuance of a common bond loan or convertible bond up to 300 million. Hellenic Exchanges repeated GM
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GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
EconomyMacroeconomyconsumption fell by 1 percent in Q4, picking up pace from the decline of 0.2 percent noted in Q3. General... the majority of GDP, making up 88.8 percent of the total figure in Q4, with private consumption... the year. Investments Gross capital formation grew by 9.9 percent QoQ following a revised drop of 7.4
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Strong receipts push travel balance up by 15.9 pct in July
EconomyMacroeconomydrop of 0.8 percent to 125,400. In total, arrivals from the EU 28 countries rose by 12.9 percent YoY... of the year. For 2018, SETE predicts that tourist numbers could reach up to 30 million, but warns... picks up in neighbouring destinations.
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MPs gear up for action as To Potami calls it a day and PASOK wobbles
PoliticsGreek Politicsof the Greek President by MPs and snap general elections. New Democracy has proposed for MPs to hold up... that this will concern taxpayers who owe up to 10 euros to the state. Opinion poll New Democracy goes into this crucial... of support drop by almost 1 point since October. KINAL follows in third on 6.2 percent, then KKE
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General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
EconomyMacroeconomywas a drop of 360 million in transfers, which came to 786 million euros. The next biggest decline...). At 29.1 percent of the total, tax refunds make up the majority of arrears during the month... in bonds, which came to 58.10 billion euros in February and made up 16.3 percent of the total. EFSF/ESM
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PMI edges up to 49.4 points in August, employment rises
EconomyMacroeconomysofter contractions in output and new orders, as well as a return to growth of employment amid a pick-up... overall. The rate of input price inflation picked up to a seven-month high. Input buying fell again... manufacturing sector was showing some signs of recovery after the sharp drop earlier in the year. The increase
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Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
EconomyFeaturesThe tourism industry helped Greece generate almost up to a third of its GDP last year, according... visited Greece in 2019 generating revenues of 17.8 billion. Visitor numbers were up by 4.1 percent... tourism will come to 3.5 billion euros or just 2.5 percent of GDP. This represents a drop in tourism
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingrelated to Covid and the NPE clean-up from loan securitisations. The Q2 2021 pre-tax losses were... up impairments, against 829 million of impairments in Q1. Year-on-year, the net loss of 2.45 billion... Sunrise transformation plan, with the drop in NPEs coming from the Phoenix and Vega securitisations
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Industrial production up 8.8 pct in June, continues annual recovery from 2020 lows
EconomyMacroeconomyand a 6.8 percent rise in manufacturing. The mining and quarrying index was also up by 9 percent. During... and quarrying. Manufacturing is up by 8.5 percent. According to the latest business surveys for June of the European Commission, Industry confidence improved by 4.4 points in July to 7.4, from a drop by 4.1
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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBankingefforts to clean up its balance sheet and complete its business transformation. Core pre-provision... in September, a drop from 43.53 billion in Q2, and 49.13 billion euros in the end of last year. The trend... stood at 16.5 percent after the share capital increase, up from 15.5 percent in Q2.
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