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Growth of retail sales slows to 8.8 pct in Dec amid decline in volume of food sold
EconomyMacroeconomyThe growth in Greece’s retail sales slowed down in December, rising by 8.8 percent year-on-year... increasing by 1.7 percent in the previous month. The volume’s monthly movement was down by 1 percent... percent. According to the latest business indicators for February, January’s consumer confidence
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Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP increased by 1.4 percent quarter-on-quarter (QoQ... months. According to the Finance Ministry’s latest official estimates included in the final budget.... In its latest World Economic Outlook published in October, the IMF sees this year’s recovery at 5.8 pct
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DBRS leaves Greece a notch from investment grade, outlook stable
EconomyDBRS announced on Friday that it is keeping Greece’s rating unchanged at BB (High) with a stable outlook, one notch below the agency’s investment grade rating. The Canadian rating agency, along with S&P and Fitch, have Greece one step away from investment grade, while Moody’s is two notches behind
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After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022
EconomyBankingeuros in 2021. The 2021 results were impacted by the bank’s business transformation, higher... by 23 percent to 288 million euros, from 373 million in 2021. Balance sheet The Group’s net loans... billion euros, reflecting the full utilisation of the bank’s TLTRO III borrowing allowance. Capital
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Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
EconomyMacroeconomyGreece’s industrial turnover remained strong in January, rising by 17.7 percent year-on-year (YoY..., the domestic market was down by 23.7 percent while the foreign markets were down by 5.7 percent. Greece’s... from the 47.2 points of December, according to S&P Global data. December’s PMI marks seven months
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Newsletter 377 - 07/04/2023
of a conclusive result emerging from next month’s vote remain slim. The latest opinion poll by Pulse... alarm bells, with some suggesting that is an attempt to manipulate the Court’s decision. According... in the first ballot and more than 36 pct in the second). Although New Democracy’s support dipped last
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Tsipras pitches SYRIZA election manifesto as basis for progressive coalition
PoliticsGreek PoliticsThe official launch of SYRIZA’s election programme was framed by leader Alexis Tsipras... to the proposals. The conservatives have claimed that SYRIZA’s promises are too costly to implement... opinion polls appear to put such a coalition out of reach, boosting New Democracy’s chances of clinching
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Restrictive leaders' debate produces little to move election needle
PoliticsGreek PoliticsWednesday night’s leaders’ debate did not seem to produce any surprises of the kind that could... to put in a calm performance, stressing the government’s achievements. With regard to the wiretapping... the cost of his party’s economic programme came under scrutiny. He insisted that it has been properly
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Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
EconomyMacroeconomyGreece’s industrial turnover remained in growth territory in March, slowing down considerably... the highest growth on record. This month’s growth is the slowest since early 2021. Manufacturing revenue... percent while the foreign markets were up by 17.7 percent. Greece’s Manufacturing PMI continued its
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NBG NII jumps 73 pct in Q1 to 497 mln
EconomyBanking2022. Gross loans were 36.78 billion euros in Q1 with NBG’s loan to deposits ratio coming to 58 percent, from 57 percent in Q1 2022. NBG’s participation in the ECB’s TLTRO facilities dropped from 11.6... quarters. The cost of risk stands at 70 points, in line with the bank’s guidance. Capital The fully
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