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  1. Alpha reports 211 mln profit in Q1 as NII reached 420 mln
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank reported a net profit of 211 million euros in Q1 2024, compared to a profit of 111 million euros in the same quarter of 2023, a solid rise of 90 percent. Normalised profit after tax for 2023 was 222 million euros, from 162 million in 2023, a rise of 37 percent. Core pre-provision income

    2%

  2. Newsletter 425 - 31/05/2024

    Newsletters

    and failing to build a solid savings base amplifies the need to attract funds from abroad in the form

    2%

  3. Lack of savings points to wider economic issues

    EconomyMacroeconomy

    are the main source of loans and failing to build a solid savings base amplifies the need to attract funds from

    2%

  4. Imports soar in April, pushing trade deficit up by 35.6 pct
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    jumped by 20.7 percent YoY, while those from non-EU countries also had a solid increase by 18.9

    2%

  5. Wages index continues growth in Q1 with 6.8 pct YoY rise
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q1, rising by 6.8 percent year-on-year (YoY), from 6.3 percent growth in the last quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnings

    2%

  6. Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a solid decrease of 6.3 percent YoY. Sales have

    2%

  7. DBRS keeps rating at BBB, ups outlook and sees upgrades if conditions improve
    Photo by MacroPolis

    EconomyMacroeconomy

    administrations following balance sheet clean ups and solid profitability. The agency says that GGBs could

    2%

  8. Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wages index captures employees’ gross earnings

    2%

  9. PASOK candidates make final push as government plays down latest dig from rogue MPs
    Image: https://kinimaallagis.gr/

    PoliticsGreek Politics

    is generally acknowledged to have done solid duty standing in for Androulakis as head

    2%

  10. Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    taxation and income taxes. The general government primary surplus will remain solid at 2.5 pct of GDP

    2%