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  1. Industrial turnover drops by 7.2 pct in Dec, pulling 2023 figure 4.1 pct lower

    EconomyMacroeconomy

    by decreases of 6.6 percent in manufacturing and mining and quarrying up by 20.1 percent. Monthly

    11%

  2. Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent. Net profit was 1.14 billion euros vs. 1.35 billion euros in 2022, a drop of 15.4 percent. Core pre-provision income (PPI) jumped by 58.6

    11%

  3. Piraeus Bank net interest income jumps by 16 pct to 518 mln in Q1, commission income up 19 pct
    Image via www.piraeusbank.gr

    EconomyBanking

    Piraeus Bank posted a net profit of 233 million euros in Q1 2024, from 180 million euros in Q1 last year. Normalised operating profit was 279 million euros in Q1, compared to 204 million euros in Q1 2023. Asset quality The NPE ratio was stable at 3.5 percent in Q1, from 6.6 percent a year ago

    11%

  4. Utilities and energy drive industrial production rise of 9.5 pct in June
    Photo via Flickr https://flic.kr/p/faksxt

    EconomyMacroeconomy

    and chemical products, and other non-metallic mineral products. Mining recorded a contraction of 6.6

    11%

  5. Weak exports to EU markets drive 9.6 pct rise in 7M trade deficit
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s trade deficit recorded a rise of 6.6 percent year-on-year (YoY) in July, after a drop of 9.8 percent in June, according to data released by ELSTAT on Friday. The deficit came to 2.71 billion euros for July. Imports totalled 7.33 billion euros, rising by 6.3 percent YoY. Exports totalled

    11%

  6. Import prices drop by 1.6 pct YoY in Jul due to energy, as all other categories rise

    EconomyMacroeconomy

    the eurozone market. Energy prices dominate, with extraction of oil and gas dropping by 6.6 percent

    11%

  7. Trade deficit reaches 22 bln in 8M as exports continue to slide
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    Greece’s trade deficit recorded a drop of 6.5 percent year-on-year (YoY) in August, after a rise of 6.6 percent in July, according to data released by ELSTAT on Tuesday. The deficit came to 2.54 billion euros for August. Imports totalled 6.21 billion euros, dropping by 3.7 percent YoY. Exports

    11%

  8. Revision of GDP to have varied knock-on effect
    Photo by MacroPolis

    EconomyMacroeconomy

    , during last year private consumption was up by 1.8 pct and gross fixed capital formation grew by 6.6 pct

    11%

  9. Despite rising arrivals, reduced spending per trip leads to 1.7 pct drop in Aug travel receipts
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    euros. The number of arrivals in August reached 6.91 million, up 6.6 percent. Arrivals from the EU

    11%

  10. Mitsotakis ups stakes in clash with opposition and internal rivals
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Solution in fourth on 7.1 pct and SYRIZA in fifth on a lowly 6.6 pct, emphasising the left-wing party’s

    11%