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  1. Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022
    Photo by MacroPolis

    EconomyBanking

    . The bank notes 400 million euros of bad loans inflows, 1.1 billion euros of outflows and 1.6 billion euros... normalised trading income was 72 million euros, from 19 million in 2021. Total operating expenses... was 11.5 percent, while the total capital ratio was at 16.4 percent. The respective ratios at the end

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  2. OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
    Photo via http://www.oecd.org/

    EconomyMacroeconomy

    pct, from 1.1 pct in the January estimate. Next year’s estimate is moderately revised down to 1.6 pct... rate as total support in 2023 is not expected to exceed 1 pct of GDP, as energy prices have... moderate growth of 2.4 pct, from 9.3 pct in 2022. Total domestic demand will only rise by 0.9 pct

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  3. Newsletter 384 - 09/06/2023

    Newsletters

    peak of 4.15 billion euros in Q4 2022. This anomaly pushed up the total capital formation to levels... QoQ, though it grew by 2.1 pct YoY. In the previous quarter, GDP had grown by 1.1 pct QoQ and 4.8... by 20.7 pct, bringing the total to 9.29 billion euros. Imports dropped by 1.9 pct, while exports increased

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  4. Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    20.96 billion euros. The primary surplus of 2023 will land at 1.1 pct of GDP, or 2.56 billion euros, which is improved on the target of 0.7 pct of GDP. The total deficit will be at 7.37 billion euros... to a surplus of 5.05 billion euros, or 2.1 pct of GDP, and the total deficit to 7.49 billion euros, or 1 pct

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  5. Newsletter 415 - 08/03/2024

    Newsletters

    dealt a serious blow to the economy. The QoQ movement in Q1 was unchanged, it was up by 1.1 pct in Q2... grew by 3.7 pct thanks to a solid tourism season that favoured exports of services, to a total..., taking the total for 2023 to 13.4 pct, from 11.9 pct in 2022. The market has grown each year since

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  6. Alpha NII rises 6 pct YoY to 829 mln, commissions income up 14 pct
    Photo by MacroPolis

    EconomyBanking

    . Eurosystem funding remained unchanged at 4 billion euros, after a total of 9 billion euros repayments... percent, from 13.4 percent a year ago. The bank’s Total Capital Ratio stood at 19 percent, from 17.7... of 2023 profits. The bank has also communicated its intention to distribute to shareholders 1.1 billion

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  7. Government tables 2025 budget, seeing stable growth, solid public finances and lower debt
    Photo by MacroPolis

    EconomyMacroeconomy

    percent, from 1.1 percent this year, leading to an unemployment rate based on the labour force survey... will be 2.4 percent of GDP, from 2.5 percent this year, while the total deficit will be comfortably below 1... euros. Expenditure will also rise notably to 80.5 billion euros, from 76.5 billion euros in 2024. Total

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  8. Employment and wage data explains why Greeks struggle to see growth dividends
    Photo via https://flic.kr/p/2cusZK8

    Agora

    market faces challenges, particularly for women and youth. Despite a 1.1 pps increase... in total - earn up to 800 euros. Some 23 pct of workers are earning between 800 and 1,000 euros... of the total. At the same time, high value-added jobs with high skills like technology stand at just 3.4

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  9. Fiscal data impressive but details suggest caution still required

    EconomyMacroeconomy

    surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total... the central government, local governments, and social security funds, all of which were in total surplus... and social security funds at 1.1 billion euros. Greece’s fiscal picture has been consistently improving

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  10. Newsletter 504 - 15/05/2026

    Newsletters

    on goods sold: total inputs were up by 4.5%, with energy the main driver at 17.2%, while fertilisers... a rise of 1.1 pct. The annual movement reflects a jump of 24.6 pct in electricity supply and 5.5 pct... and gas up by 48.7 pct. The total energy rise in March was 37.7 pct.

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