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  1. Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted its biggest loss since 2014 last year as the price of a restructuring that will bring down its bad loans ratio to a level approaching the European average. The full-year loss for 2020 came to 1.21 billion euros, compared with a profit of...

    7%
  2. Podcast - Greece's year of trying to shake off Covid-19

    Agora

    Greece has been grappling with the coronavirus for just over a year, sometimes with success but other times less convincingly. As Greece went past 10,000 Covid-related deaths and prepares to reach 3 million vaccinations this week, The Agora looks back a...

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  3. Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a deficit of 8.14 billion euros in the first five months of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for May showed...

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  4. New Covid measures readied as doubts about key cabinet choices rub off on PM

    PoliticsGreek Politics

    The first opinion poll to be published since the recent cabinet reshuffle provides the first indication that Prime Minister Kyriakos Mitsotakis’s personal popularity has taken a direct hit for government decisions. For the first time since April 2020, t...

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  5. Economic sentiment drops off in Sept as consumer confidence falls for fourth month
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Following a series of rises, Greece’s economic sentiment (ESI) dropped in September by 3.3 points month-on-month to 109.7 points, from a rise of 1.8 points in August, according to European Commission figures released on Wednesday. Economic sentiment had...

    7%
  6. S&P holds off on new rating upgrade, ECB holds key to investment grade
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Although the rating review by S&P scheduled for last Friday had created some anticipation that a further credit rating upgrade could be on the cards, the rating agency did not publish a review, closing the year with a ‘BB’ grade and positive outlook. Th...

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  7. Athens treads carefully over Ukrainian stand-off
    Photo via https://flic.kr/p/2n1cLeb

    PoliticsForeign Policy

    Greece is closely monitoring developments on the Ukrainian crisis but has no intention of being caught up in the fierce confrontation between the West and Moscow. Athens does not wish to take sides in the dispute. This was evident in statements made by ...

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  8. IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    The International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth. Specifically for Greece, growth for this year wa...

    7%
  9. Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021. In the last quarter of 2021, the net loss was 408.1 million euros, mostly on the back of 551.8 million euros of impair...

    7%
  10. Quarterly unemployment rises to 13.8 pct in Q1, reflecting off season for tourism

    EconomyMacroeconomy

    Greece’s non-seasonally adjusted quarterly unemployment rate maintained an upward trajectory in the first quarter of the year, rising to 13.8 percent, from 13.2 percent in Q4 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The ...

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