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Corporations lead deposit growth in Mar as total nears 200 bln
EconomyMacroeconomyThe contraction in the Greek banking system’s private sector deposits reversed in March, with a net increase of 2.41 billion euros, after a 1.7-billion-euro decline in February, according to the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in March was 4.8 percent year
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Producer prices pick up pace by 2.1 pct YoY in Mar
EconomyMacroeconomyGreece’s Producer Price Index (PPI) accelerated further in March, with a rise of 2.1 percent year-on-year (YoY), after an increase of 0.6 percent in February, ELSTAT data showed on Wednesday. This is the third consecutive positive reading after a period of contraction that started in March 2023
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Fuel drives sharp YoY rise of 25.3 pct in Mar trade deficit
EconomyMacroeconomyGreece’s trade deficit rose significantly by 25.3 percent year-on-year (YoY) in March, after a sharp drop of 18.3 percent in February, according to data released by ELSTAT on Thursday. The deficit came to 3.04 billion euros for March. Imports totalled 6.97 billion euros, rising by 3.8 percent YoY
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CPI moderates to 2 pct in Apr, rents continue to climb with 10.8 pct YoY rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) has stabilised in the recent months, with a rise of 2 percent year-on-year (YoY) in April, from 2.4 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month
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National Bank net profits at 384 mln in Q1, fees up 6 pct YoY to 106 mln
EconomyBankingbillion euros in Q1, from 55.6 billion euros in 2024. Gross loans were 33.6 billion euros with NBG’s loan
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Building activity records another sharp drop of 21.9 pct YoY in Feb
EconomyMacroeconomywith 27 percent growth and 192 permits, most permits were in Attica with 807. The European Commission’s
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Government hails rising wage data, but full picture tells more complex story
EconomyMacroeconomyin 2019, a rise of 23.8 pct. According to the government’s narrative, the situation is even better
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Rise in producer prices eases to 0.5 pct YoY, in growth for four straight months
EconomyMacroeconomyGreece’s Producer Price Index (PPI) slowed in April, with a rise of 0.5 percent year-on-year (YoY), after an increase of 2.1 percent in March, ELSTAT data showed on Friday. This is the fourth consecutive positive reading after a period of contraction that started in March 2023. The index had been
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Scope leaves rating at 'BBB' and outlook unchanged at stable
EconomyScope Ratings completed the latest monitoring process for Greek government bonds (GGBs) and the agency decided to keep Greece’s rating at ‘BBB’ with a stable outlook. In December last year, Scope had moved GGBs one notch further into investment grade with an upgrade. The monitoring concludes
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Deposits slide by 795 mln in Apr, dropping to 198.37 bln
EconomyMacroeconomyThe contraction in the Greek banking system’s private sector deposits resumed in April, with a net decrease of 795 million euros, after a 2.41-billion-euro rise in March, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in April was 4.2 percent year on year
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