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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorapercent quarter on quarter (QoQ) in Q4, mainly due to a drop in the funding cost stemming from... of the private sector deposit flow and completion of bank recapitalisation, led banks’ managements...-year figure points to a 3.9 percent drop. Most banks guided for a double-digit rebound in commission
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeaturesconditions of 2015 also led hoteliers in Greece to drop their rates under pressure from travel agencies.... Employment in the tourism sector grew by 7 percent between 2008-2016 versus the 23 percent drop.... With around 60 percent of these visitors staying in hotels, this rise comfortably offset the drop
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Industrial production drops sharply by 8.1 pct in Nov
EconomyMacroeconomy, following a revised upwards rise of 0.1 percent versus a 0.3 percent drop in October, according.... Month-on-month (MoM), the index dropped by 5 percent after a downwards revised drop of 7.6 percent in October. The sharp drop in the index was driven largely by a 9.4 percent decrease in the mining
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Newsletter 245 -27/03/2020
-commerce businesses report drop in sales Tourism industry braces for outcome of gloomy Covid-19 scenarios The impact of the coronavirus, which has led to the shuttering of most retail stores, has also prompted a sharp drop in online sales according to a new survey. The Greek E-commerce Association (GRECA
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Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
EconomyMacroeconomyincrease. The monthly movements were led by a 10.1 percent drop in electricity and gas, followed by a 5.5 percent drop in refined oil products and extraction of oil and gas down by 3.7 percent... last year at 23.6 percent. Month-on-month, the index posted a drop of 2.2 percent. It has been
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Newsletter 464 - 30/05/2025
, that the property market in Greece is facing a serious issue of supply as the decade long debt crisis led... generating income via short-term rentals has led to property prices jumping continuously since 2017. All... with another sharp drop in February of almost 22 pct, after a 17 pct drop in January, leading to a 20 pct drop
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomy, leather and related products. The monthly movement was led by a 2.7 percent drop in manufacturing...Greece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year... mid-2023. Month-on-month (MoM), the seasonally adjusted index in May recorded a drop of 0.4 percent
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Electricity pushes industrial production down by 2.9 pct YoY in Aug
EconomyMacroeconomypercent year-on-year (YoY) drop, after a drop of 0.5 percent in the previous month, according... adjusted index in August recorded a drop of 4.1percent. The annual movement in the index reflects a drop of 0.8 percent in manufacturing, 8.9 percent in electricity supply, and 6.8 ercent in water supply
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Growth of industrial production slows to 2.6 pct YoY in Nov
EconomyMacroeconomyin electricity supply and 5.2 percent drop in water supply. The manufacturing index was led by motor... (YoY) drop, though slowed from the jump of 6.4 percent in the previous month, according to Hellenic... adjusted index in November recorded a drop of 1.6 percent. For the January to November period, the index
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Greek stocks climb 5 pct on week led by double-digit bank gains
EconomyThe Greek equity market headed north for the second straight week recording gains of 5 percent, after a rise of 1.5 percent in the previous week. The upswing was mainly fuelled by banks, which soared 17.9 percent. Despite a negative start in the first t...
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