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Unemployment drops to 16.2 pct in November amid rise in ‘inactives’
EconomyMacroeconomyby 27,159 (-0.7 percent). Total employment stood at 3.89 million people. ELSTAT noted that in light... persons when compared with November 2019 (+0.7 percent). The total inactive population stood at 3.23..., bringing the total to 24 percent. Regionally, the lowest unemployment rate was noted in Attica at 14.1
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Car sales drop by 28.5 pct in January
EconomyMacroeconomycame to 15,983 compared to 22,355 in January last year, a drop of 28.5 percent. Out of the total... by 24.4 percent. In contrast, an increase of 12.6 percent was noted in sales for 2019. A total of 162,575 vehicle sales were noted last year. Out of the total, 87,194 were new vehicles, registering a drop
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Building permits drop by 12.4 pct in Nov amid second lockdown
EconomyMacroeconomyseen in October, Hellenic Statistical Authority (ELSTAT) data released on Friday showed. The total... permits rose by 10.2 percent. Total permits in the aggregate period stood at 17,062. Surface area... permits in 2005, but have not yet come close to this high. Total permits for 2019 came to roughly 82
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Current account deficit hits €11.2 bln in 2020 after tourism collapse
EconomyMacroeconomyof goods deficit and secondarily by an improvement in the primary income account. The total balance..., down 87.7 percent. Total imports came to 4.33 billion euros, from 4.38 billion last year. At the same time, total exports reached 2.81 billion euros, an increase of 2 percent YoY. In the other
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Building permits drop by 0.7 pct in December; rise 9.2 pct in 2020
EconomyMacroeconomyseen in November, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed. The total..., with 13 permits. During all of 2020, building permits rose by 9.2 percent. Total permits... to this high. Total permits for 2020 came to roughly 80 percent lower than the 2005 peak. Much
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Current account shows deficit of 436 mln in January
EconomyMacroeconomydropped by 87.9 percent. A total of 255.2 million euros are missing in tourism receipts for the month according to these figures. Travel payments came to 23.1 million, down 87.4 percent. Total imports..., total exports reached 2.35 billion euros, a fall of 13.4 percent YoY. In the other accounts
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Alpha Bank posts net profit of 103.7 mln in 2020
EconomyBankingin Greece came to 18.3 billion euros, down by 600 million euros compared to 2019. The total NPE stock.... The fully loaded total CET 1 stood at 14.8 percent, up 20 basis points QoQ. The bank’s Total Capital
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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBanking, domestic NPEs registered a total reduction of 6.5 billion euros, of which 700 million was from... billion euros YoY to 47 billion, comprising about 80 percent of the bank’s total funding sources. NBG’s... in the same quarter of 2019. Capital The CET1 ratio stands at 15.7 percent, with the total capital
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Car sales almost double in March from level at start of pandemic
EconomyMacroeconomy. In March 2020, the year-on-year change showed a drop of 49 percent. Last month’s total number of new vehicles, at 20,175, was just 240 above 2019’s total, with car sales in the month remaining below..., an increase of 97.5 percent. Out of the total, passenger car sales rose by 98.1 percent
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Covid recession bumped pension spending to 18 pct of GDP in 2020
EconomyTotal age-related expenditure amounted to 26.4 percent of gross domestic product last year... in total factor productivity – a residual in growth accounting that usually attributed... the country will use EU recovery funds. Between 1974 and 2019, the average annual growth rate in total
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