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Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
EconomyBankingbillion euros, which corresponds to the complete utilisation of the ECB’s targeted long-term refinancing
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Travel receipts almost double, but current account deficit rises by 78 pct in 9M
EconomyMacroeconomyof 2.67 billion euros, from last year’s figure of 1.98 billion euros, and just 815.6 billion euros
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Building activity back to growth in Aug, but year-to date remains subdued
EconomyMacroeconomyfrom the 26.6 percent growth in permits during the whole of 2021. The European Commission’s latest
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Deposit outflow at 550 mln in Oct, led by a decline in corporates
EconomyMacroeconomysince the end of 2011, despite October’s drop. The Greek economy entered its decade-long debt crisis
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Producer price index quickens pace in Oct with 8.1 pct monthly rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) growth picked up pace again in October, rising by 35.4 percent year-on-year (YoY), after a rise of 29.4 percent in September, ELSTAT data showed on Wednesday. The index was in negative territory for most of 2020, and up until March 2021, when it grew annually
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Another crisis chapter closes, triggering final round of debt relief measures
EconomyProgrammeThe Eurogroup noted on Monday Greece’s progress in the post-enhanced surveillance era and released another set of debt relief measures. This marked the end of a years-long period during which Greece was often a specific agenda item in Eurogroup meetings. Since the last review of the post-programme
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Trade deficit worst since 2008 as 10M figure sees 63.2 pct rise
EconomyMacroeconomyGreece’s trade deficit jumped by 70.5 percent year-on-year (YoY) in October after a 70.4 percent rise in September, according to data released by ELSTAT on Thursday. The deficit came to 4.05 billion euros for October. Imports totalled 8.81 billion euros, rising by 44.7 percent YoY. Exports totalled
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CPI growth slows to 8.5 pct as electricity prices record rare 5.3 pct YoY fall
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 8.5 percent year-on-year (YoY) in November, slowing further from the 9.1 percent in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period increased by 9.5
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Q3 unemployment of 11.6 pct is lowest rate since Q1 2010
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate stayed on a downward path in Q3 this year, dropping to 11.6 percent, from 12.4 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The jobless rate dropped by 1.4 percentage points (pps) from
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PBO sees economy making soft landing, but facing challenges ahead
EconomyMacroeconomyin economic activity of Greece’s trading partners, the tightening of monetary policy
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