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EU main destination for exports in 2019, fuel and pharmaceuticals lead way
EconomyFeatures. The value of these exports in 2019 was 18.94 billion euros for the EU and 14.56 billion for third... destination country for Greek exports with a value of 3.66 billion euros, followed by Germany in second... with a value of 639 million euros, and cotton came in at fourth place, rising by 55.3 percent year
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingunder the code name Cairo, with a total value of 7.5 billion euros. The applications relate to the provision of guarantee by the Greek state on senior notes to the value of 1.6 billion in total...) of up to 12 billion euros in value. The bank’s management has begun evaluating the portfolio which
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingto 13 billion euros. This was largely due to sales, namely the Project Pillar portfolio with a value... value of 7.5 billion euros. The application relates to the provision of guarantee by the Greek state on senior notes to the value of 1.6 billion in total. The portfolio consists of three different
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingvalue of approximately 1.8 billion euros. The Project Galaxy portfolio represents one of the largest... in value. The bank’s management said that due to the coronavirus outbreak, current operations and market... Book Value at the end of December 2019 remained the highest among Greek systemic banks at 7.9 billion
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Trade deficit up by 7.8 pct in February
EconomyMacroeconomyand the value of ships, imports rose by 1.1 percent, while exports rose by 8.6 percent. Excluding the value... of oil products and the value of ships, aggregate imports and exports increased by 4.2 percent and 9.5
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Trade deficit falls by 30.3 pct in April as Covid-19 restrictions hit trade
EconomyMacroeconomy. When stripping out the impact of oil products and the value of ships, imports fell by 22.9 percent, while exports fell by 10.5 percent. Excluding the value of oil products and ships, the trade... by 19.3 percent. Stripping out the impact of oil products and the value of ships, aggregate imports
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Trade deficit falls by 47.7 pct in May
EconomyMacroeconomyand the value of ships, imports fell by 26.3 percent, while exports fell by 12.7 percent. Excluding the value of oil products and ships, the trade deficit fell by 42 percent YoY in May. The aggregate... and the value of ships, aggregate imports decreased by 9.7 percent and exports decreased by 1.5
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Banks step up securitisation drive following pandemic interruption
EconomyBankingfor a combined value of 10.8 billion euros, slightly narrower in scope from the initial 12 billion..., with an average value of 90,000 euros - 67 pct are denounced and they have an average duration of 20 years. Piraeus also has in progress a larger securitisation called Vega, which is for a value of 5 billion
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Trade deficit falls by 10.3 pct in June
EconomyMacroeconomyand the value of ships, imports rose by 1.5 percent, while exports rose by 6.8 percent. Excluding the value of oil products and ships, the trade deficit fell by 5.6 percent YoY in June. The aggregate figure... and the value of ships, aggregate imports decreased by 9.9 percent and exports decreased by 2.5 percent
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Trade deficit falls by 17.1 pct in July
EconomyMacroeconomydropped by 23.9 percent during the month. When stripping out the impact of oil products and the value of ships, imports fell by 3.2 percent, while exports rose by 8.5 percent. Excluding the value of oil... and the value of ships, aggregate imports decreased by 6.9 percent and exports increased by 1.2 percent
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