In its report, DBRS analyzed Q1 results for the four major Greek banks—Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., and Piraeus Bank S.A.
UBS maintained a buy recommendation for both the systemic banks
More than 3.61 million passengers passed through Greece’s biggest and busiest airport last month to account for the 9.3% hike
Resolved private sector cases correspond to a nominal value of 518 million euros, according to finance ministry figures
Greek market analysts described the plunge as imported, following sharp declines in international markets at the end of last week
Overall arrears owed to the state total a still stratospheric 80.8 billion euros, even as 26.32 billion euros has finally been declared as “non-collectible” by the tax bureau.
In Greece's case, a notable hike in cruise ship arrivals at ports of specific isles along with the main hub of Piraeus is viewed as the most urgent issue
The extraordinary kWh subsidy program comes amid the latest surge in energy prices, especially electricity produced from natural gas
It settled a a 5-month low at 106.8 in July
Over 50% of Greek private sector employees earn €800 or less monthly, highlighting widespread poverty and low purchasing power.
The results were a 26% increase compared to the same period in 2023
In 2023, Greeks spent €34.9 billion online, with 94% making monthly e-purchases
Roughly five billion euros was invested in state shares, bonds between 4Q 2022 and 3Q 2023 as a result of recent Greek economy credit rating hikes
Taxi services providers who do not accept credit card payments and fail to display a relevant sticker will face a 1,000-euro fine.
The negative development prompted the relevant development minister to meet with supermarkets' representatives to hammer out a plan to contain rising food prices
The unemployed population dropped to 456,663, showing a significant decrease of 85,865 from June 2023 (-15.8%) and a reduction of 30,629 from May 2024 (-6.3%).
Data from the Bank of Greece for June 2024 revealed that the average weighted interest rate for new deposits held steady at 0.57%, while the rate for new loans climbed to 5.78%
Out of the 23 categories analyzed, 13 experienced price decreases while 10 saw increases.
More than half of Greek CEOs (54%) express high confidence in their company’s growth potential
As recorded by the Eurofound survey, nearly half of the workers in Greece (45%) struggle to meet their obligations with their current salary