Economy
Motor Oil Hellas’ group turnover up 3.1 pct in H1
Motor Oil Hellas’ financial results for the first half (H1) of 2019 show that group turnover increased by 3.1 percent compared to the same time last year.
Hellenic Petroleum net profits fall by 45 pct in H1
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first half (H1) of the year show that the group’s sales fell by 5 percent during the first six months of the year.
Consumer confidence hits 19-year high, ESI highest since 2007
Greece’s economic sentiment (ESI) strengthened by 3.1 points in August to reach 108.4 points, European Commission (EC) figures showed on Thursday.
Credit contraction at 0.1 pct in Jul, balance at 160.33 bln
Credit contraction in the Greek market edged down to 0.1 percent in July from 0.2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.
Deposits rise by 1.60 bln in July
Net deposit movement in the Greek banking system stayed positive by 1.60 billion euros in July following an increase of 1.77 billion euros in June, Bank of Greece (BoG) figures revealed on Wednesday.
Capital controls to be abolished ahead of schedule
Prime Minister Kyriakos Mitsotakis announced on Monday that the government was moving ahead with the full lifting of the capital controls that have been in place in Greece since the summer of 2015.
Budget primary surplus confirmed at 1.76 mln in July as revenues overtake expenditure
The budget primary balance recorded a surplus of 1.76 million euros in the first seven months of 2019, compared to a surplus of 926 million noted in July 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
Moody's holds on rating update stressing need for reform
Moody’s was expected to complete the latest round of ratings reviews for Greece after S&P in spring and Fitch earlier in August. However the rating agency held back from any action and did not update its rating for the country.
General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
Greece’s general government (gg) primary cash surplus came to 1.78 billion euros in the first six months of the year, up by 263 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Travel balance rises 15.7 pct in June, aggregate visitors drop 0.5 pct
Greece’s travel balance rose to 2.42 billion euros in June from 1.36 million euros in May, Bank of Greece (BoG) data has shown. This reflects an annual rise of 15.7 percent.