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  1. NBG increases profits in H1 as it progresses with NPE clean up
    Photo by MacroPolis

    EconomyBanking

    786 million in 2020, was up by 8 pct at 727 million. Asset quality NPEs continued heading south... euros. Operating expenses in H1 came to 373 million euros, a 8 percent drop YoY. Balance Sheet Greek

    18%

  2. Building activity recovery continues in Aug, up by 29 pct in 2021
    Photo by MacroPolis

    EconomyMacroeconomy

    The number of building permits issued in Greece picked up again in August, rising by 12.7 percent year-on-year (YoY), from an increase of 6.8 percent in July, according to Hellenic Statistical.... The biggest increase was seen in the South Aegean with 40 percent and 161 permits. The biggest drop was noted

    18%

  3. Vehicle sales up 20.7 pct in Nov, boosted by jump in purchases of used cars

    EconomyMacroeconomy

    (ELSTAT) data released on Wednesday. In November 2020, the year-on-year change was a drop of 10.7.... The remainder was made up of lorries (2,464) and buses (136). Motorcycle sales increased 22.2

    18%

  4. Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs

    EconomyBanking

    In the closing weeks of the year, Greek systemic banks have maintained their efforts to tidy up their balance sheets and execute on their business plans, which foresee them reaching single digit NPEs... pct consumer loans, 300 million. Following this transaction, the bank’s NPE ratio will drop to 13

    18%

  5. Tsipras tries to keep spotlight on ND, talks up election chances
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    the centre-right administration of allowing staff numbers, such as station masters, to drop... percentage points, there has been no indication of SYRIZA picking up any of these voters

    18%

  6. Unemployment edges up to 11.9 pct in Q4
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s non-seasonally adjusted quarterly unemployment rate picked up slightly in Q4 last year, rising to 11.9 percent, from 11.6 percent in the previous quarter, Hellenic Statistical Authority... percent year-on-year. Permanent jobs were broadly stable at 2.62 million people, a drop of just 0.1

    18%

  7. Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    28,761 more hires, a year-on-year drop of 4,800 jobs as seasonal hires took place in previous... and shift work made up 39.8 percent and 9.5 percent of hirings, respectively. In June, hirings were

    18%

  8. PM gears up for communications drive as PASOK marks 50 years
    Photo by MacroPolis

    PoliticsGreek Politics

    The government is hoping to move up a gear this week as far as its communications drive is concerned, hoping to provide a convincing response to a difficult summer and the apparent dwindling faith... year, rather than the 0.5 that had been planned. Another 0.5-point drop was due the following year

    18%

  9. Unemployment rate edges up to 9.8 pct in Oct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in October, although it edged up to 9.8 percent, from 9.4 percent in the previous month, Hellenic Statistical... with the same month of 2023, amounting to 466,858, an 8.8 percent drop. Unemployment is moving away from

    18%

  10. Nov sees rise of 2 pct YoY in retail sales, up 2.7 pct MoM
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales resumed growth in November with a rise of 2 percent year-on-year (YoY), after a drop of 0.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday... basis, the seasonally adjusted index rose by 2.7 percent. The volume’s monthly movement was up by 2.3

    18%