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  1. Alpha reports 211 mln profit in Q1 as NII reached 420 mln
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank reported a net profit of 211 million euros in Q1 2024, compared to a profit of 111 million euros in the same quarter of 2023, a solid rise of 90 percent. Normalised profit after tax for 2023 was 222 million euros, from 162 million in 2023, a rise of 37 percent. Core pre-provision income

    9%

  2. Fuel and food trigger retail sales jump of 10.9 pct in Mar
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales rebounded strongly in March, with a jump of 10.9 percent year-on-year (YoY), after a downward revised decline of 3.5 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also recorded a solid rise of 5.2 percent YoY

    9%

  3. Imports soar in April, pushing trade deficit up by 35.6 pct
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    jumped by 20.7 percent YoY, while those from non-EU countries also had a solid increase by 18.9

    9%

  4. Wages index continues growth in Q1 with 6.8 pct YoY rise
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q1, rising by 6.8 percent year-on-year (YoY), from 6.3 percent growth in the last quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnings

    9%

  5. Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a solid decrease of 6.3 percent YoY. Sales have

    9%

  6. Manufacturing continues to improve, but June PMI weakest of year
    Photo via https://flic.kr/p/2b7ecKE

    EconomyMacroeconomy

    . There was a slight loss of momentum from the marked increases seen earlier in 2024, but growth was solid

    9%

  7. Hotel and catering jobs propel May hiring balance to new record

    EconomyMacroeconomy

    Greece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May last year saw 95,951 more hires, a strong year-on-year improvement of 31,069 jobs. May’s balance

    9%

  8. Late Easter helps retail sales rise by 14.3 pct YoY in May
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume index also recorded a solid increase of 10.5 percent YoY. May this year was favoured

    9%

  9. Trade deficit moderates in June, up 10.5 pct YoY in H1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit recorded a drop of 9.8 percent year-on-year (YoY) in June, after a solid rise of 13.6 percent in May, according to data released by ELSTAT on Wednesday. The deficit came to 2.35 billion euros for June. Imports totalled 6.61 billion euros, dropping by 2.5 percent YoY. Exports

    9%

  10. Retail sales rise by 7.4 pct YoY in June, led by fuels
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales continued growing in June with a 7.4 percent year-on-year (YoY) rise, after an increase of 14.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also experienced a solid increase of 5.8 percent YoY. On a monthly

    9%