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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economyto deliver a surplus of 1 pct of GDP. Subsequently, Fitch sees a total deficit now of 3.5 pct of GDP.... It has a benign debt profile, despite rising yields the interest bill as part of revenue is at 6 pct
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Newsletter 356 - 21/10/2022
November, though. The Finance Ministry already has 1 billion euros set aside for any energy needs.... Only 6 pct say the government should continue its policy of handouts. The poll numbers confirm
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Govt hints at more relief measures as opposition lambasts electricity bill fixes
PoliticsGreek Politicsthe target by 5.1 billion euros, while growth is now generally expected to hit 6 pct by the end of the year... likely to give the government more freedom to utilise the 1 bln euros of cash reserves that it set aside
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GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
EconomyMacroeconomy. The latest European Commission forecasts, published in mid-November, see GDP growing by 6 pct this year, and by just 1 pct in 2023 as challenges mount. In its latest World Economic Outlook published
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Inaugural 2023 bond attracts strong demand and steep interest
EconomyMacroeconomy, that secured a yield of less than 1 pct, at 0.87 pct. The offers had exceeded 29 billion euros... and investment banks at 27 pct and hedge funds at 11 pct. Insurance and pension funds stood at 6 pct
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Growth of retail sales slows to 8.8 pct in Dec amid decline in volume of food sold
EconomyMacroeconomyincreasing by 1.7 percent in the previous month. The volume’s monthly movement was down by 1 percent... the -51.4 points of March last year. Retail trade posted gains in February, up by 6 points to 23.8. and up
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After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022
EconomyBanking. Core pre-provision income (PPI) in 2022 was 841 million euros, from 795 million in 2021, up by 6... The fully loaded Common Equity Tier 1 (CET1) ratio in 2022 stood at 12.5 percent, from 10.1 percent
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Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
EconomyMacroeconomyyear, and at 6 pct in 2024, before moderating to 3 pct by 2028. Unemployment will fall by 1 percentage
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Rise of smaller parties a barrier to decisive result in first elections
PoliticsGreek Politicsto either govern on its own (14 pct) or to lead a coalition (16 pct). Just 6 pct of voters would..., up by 1 point since earlier in the month. Ellines is unchanged, on 3 pct. On Thursday, former
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomyThe Labour Ministry has presented the updated data of wages in the labour market, after the incorporation of the latest rise in the minimum wage to 780 euros per month, effective April 1. The data... 2019, employment has increased by an impressive 19 pct, despite a drop of 6 pct in 2020 to 2.05 million
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