Search
-
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
19% -
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
19% -
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
19% -
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.
19% -
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankinga very busy 2021 in terms of the balance sheet clean-up - which consisted of the Project Galaxy... and commission income increased by 30 percent in Q1, to 108 million euros. Trading income was also up to 103... The Group’s net loans amounted to 37.8 billion euros in Q1 2022, a drop from 39.4 billion in Q1 last year
19% -
Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
EconomyMacroeconomy-on-month (MoM), the index recorded a rise of 2.4 percent in May, after a drop of 9.1 percent MoM in April.... The monthly movement was led by electricity supply, up by 6.2 percent, while manufacturing was up
19% -
NBG reports 652 mln profit in 9M, core PPI up 14 pct
EconomyBankingoperations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop..., was up by 8 percent to 1.21 billion euros. Operating expenses in 9M 2022 were stable at 583 million euros, up by 2 percent YoY. Balance Sheet Group deposits amounted to 55.68 billion euros in 9M
19% -
Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
EconomyMacroeconomy, rising by 1.5 points from the previous month. The euro area’s ESI was 95.8 points, also up by 2.3 points from December. The recovery in Greece’s consumer confidence following the sharp pandemic drop... gains in January, up by 11.5 points to 17.5. from 10.5 points in February last year. Finally
19% -
Industrial production drops for fourth straight month in Dec, up by 2.3 pct in 2022
EconomyMacroeconomy, the index was up by 2.3 percent in the rolling 12-month period. Month-on-month (MoM), the seasonally... supply, followed by a drop of 13.4 percent in mining and quarrying, and 2.7 percent in water supply... by water supply, up by 1 percent, mining and quarrying with 0.9 percent rise and manufacturing
19% -
Tsipras resignation opens up debate about SYRIZA's future
PoliticsGreek PoliticsSYRIZA’s share of the vote drop from 31.5 pct in July 2019 to 17.8 pct on June 25. Although... be split up to allow a new leader to be picked at the earliest juncture, with the conference... results, opening up the possibility of a much broader political crisis.
19%