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NBG shows strong profitability growth of 38 pct YoY in Q1, with 606 mln NII
EconomyBankingimpairments in Q1 stood at 55 million in Q1, from 65 million in 2023. Core income stood at 705 million, up by 21 percent annually. Operating expenses in Q1 were 201 million euros, up by 5 percent YoY
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomyrising by 3.3 pct, up from 0.9 pct in 2023, and moderating to 1.9 pct growth in 2025. The growth... goal of 2.1 pct of GDP, and up to 2.1 pct in 2025. This fiscal path will keep the debt ratio
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Poll numbers encouraging for Mitsotakis and Kasselakis on road to EP vote
PoliticsGreek PoliticsAfter his meeting with Turkish President Recep Tayyip Erdogan in Ankara on Monday, which laid to rest any concern about a flare-up in relations between the two countries, Prime Minister Kyriakos... recent rise is underlined in the national figures as well. Support for the opposition party is up
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Primary balance at 3.25 bln in Apr, above target thanks to favourable timing
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.25 billion euros in April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday. Up to April... billion euros. The budget balance up to April showed a deficit of 279 million euros, from a 789-million
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Eurobank net profit jumps by 80 pct to 287.2 mln in Q1
EconomyBankingpercentage points YoY, while NPE coverage was 92.6 percent, up by roughly 17 percentage points... 17.2 percent, up by 170 basis points annually. Eurobank expects to distribute a dividend of 342 million
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Industrial turnover back in contraction again in Mar, falling by 6 pct YoY
EconomyMacroeconomydown by 21.6 percent. Monthly, the domestic market was up by 3 percent while the foreign markets... month. Since May last year, industry confidence is now up by 2.2 points. Overall, Greeceās economic
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Mitsotakis raises bar for EP vote success as fringe parties and abstention hold key to result
PoliticsGreek Politics, a statement which was backed up by testimony from a Greek Coast Guard officer who had witnessed... on the political agenda in Greece in the run-up to EP elections. In response to the collapse of the Pylos
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Party leaders dispute response to cost-of-living crisis
PoliticsGreek Politicsto it through its policies, such as the Golden Visa scheme which has pushed up property prices, both... the government argued that inflation was imported but that this is no longer backed up by CPI data, especially
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Slow pace at which RRF funds reaching firms a growing issue
Economyused up just short of 15 billion euros, from the total 36 billion euros envelope. The 14.9 billion... of RRF to the economy needs to pick up pace. Sources have attributed this modest credit expansion
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Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
EconomyMacroeconomyin Western Macedonia with 19. During the first two months of 2024, permits were up by 43.7 percent YoY to 4,867. The corresponding surface area was up by 41.3 percent while volume was also higher by 37.2
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