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Eurobank reports loss of 186.6 mln in Q3
EconomyBankinga drop in operating income by 3.1 percent to 474.8 million and a slightly higher cut in operating... further room for NII improvement in the coming months. The QoQ drop in operating expenses fully reflects.... In the previous quarter the bank had posted a double drop in NPL formation by almost 300 million. Commenting
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Greek trade deficit widens 34.2 pct in Sept as exports slip for third month
EconomyMacroeconomyGreece’s trade deficit widened by 34.2 percent in September after a drop of 29.5 percent in August... again after a short-lived drop in August. September’s figure indicating wasthe sixth positive... percent. However, exports posted just a marginal drop of 0.1 percent, while imports rose at a double-digit
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Greek economic sentiment and consumer confidence fall sharply in December
EconomyMacroeconomyfor December is the lowest reading since Apri, while the monthly change suggests the sharpest drop... in November. The recorded drop of 4 points indicates the second worst monthly movement year to date... gains of almost 23 points. Three of the other four business indicators also recorded a drop in December
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Greek exports rise by 6.6 pct in November to trim trade deficit
EconomyMacroeconomyThe drop in Greece’s trade deficit accelerated to 10.7 percent in November after easing by 4.4.... The double-digit drop of 10.7 percent is the third highest this year and reflects an increase in exports... drop (-8.4 percent) mainly on account of lower export growth (+0.9 percent), while imports fell
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Greek industrial production on the up again in November, rising by 2.3 pct
EconomyMacroeconomya downward revised 0.4 percent drop in October, according to the Hellenic Statistical Authority (ELSTAT.... The year to date drop is primarily attributed to a double-digit decline in electricity production... percent respectively. In contrast, consumer durables, recorded a double-digit drop (-12.6 percent
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Fall in Greek building activity accelerates to 19 pct in October
EconomyMacroeconomyfigures for October showed a milder drop, at -13 and -6.5 percent respectively. The aggregate figures... 65,500 in 2008, almost three times the GDP drop in this period. In addition, although other business... activity, showed they fell 7 percent in Q3 2014 with a cumulative drop of 37.4 percent since Q3 2008
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Greek apartment prices down 5.8 pct in Q4 2014
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the sixth successive quarter to 5.8 percent... and 91 percent respectively over the last six years. The biggest YoY drop in appraisals was posted... a further drop in building permits by 18 percent clearly indicating that a rebound is not in sight
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Greek industrial turnover plummets by 8.9 pct in Dec as manufacturing suffers
EconomyMacroeconomyAuthority (ELSTAT). This is the second highest monthly drop and the seventh negative reading in 2014... respectively. The drop for the non-domestic market showed mixed trends. Industrial turnover for non... of the five main industrial groupings recorded a drop in industrial turnover in December with the highest
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Greek CPI drops at slower rate of 2.2 pct in Feb for 24th straight month of deflation
EconomyMacroeconomyThe drop in the Greek consumer price index (CPI) decelerated to 2.2 percent in February from 2.8... in mid-January and lasted until the end of February. The largest MoM drop was recorded in clothing... of CPI YoY changes by sector displayed the biggest drop was recorded in housing (-7.1 percent
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General gov't primary surplus shrinks to 419 mln in January
EconomyMacroeconomywith a surplus at 196 million, which showed the slowest drop of -6.2 percent YoY. The surplus... funds was mainly due to a drop in revenues. Local governments posted a rise in revenues by 24 percent... sector recording an increase in expenditure by 6.8 percent, which coupled with the 14.1 percent drop
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