Economy
Overdue social security contributions rise to 34.35 bln in Q3
The stock of unpaid social security contributions (SSCs) increased to 34.35 billion in the third quarter (Q3) of 2018, rising by 495 million compared to the figure of 33.86 billion euros registered in the second quarter (Q2) of 2018, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PMI picks up to 54 in November while production rises to eight-month high
Greece’s manufacturing PMI picked up to 54 points in November from 53.1 in October, staying over the 50-mark threshold for a full year and a half.
After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
Greece is not expected to feature prominently at Monday’s Eurogroup but eurozone finance ministers are expected to give the 2019 budget the final green light and urge Athens to quickly shift its attention to the 16 post-programme actions that have to be completed by February.
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
Piraeus Bank’s third quarter (Q3) results showed that net profits from continued operations came to 94 million euros, picking up from profits of 24 million in the previous quarter.
Retail turnover increases by 4.9 pct in September, volume rises 3.3 pct
Greece’s retail sales index increased by 4.9 percent in September after an upward revision to 5.2 percent for August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
New overdue taxes jump by 1.4 bln in Sept, with total stock exceeding 104 bln
The month-on-month rise in Greece's new tax debt came to 1.42 billion in September, jumping from August’s increase of 849 million, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday.
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
National Bank of Greece (NBG) reported a net profit of 8 million euros from continued operations in the third quarter (Q3), declining from the figure of 21 million posted in Q2.
GEK Terna’s 9M sales rise by 17.6 pct but net profits fall
Greek construction and energy group GEK Terna’s results for the first nine months (9M) of the year showed that group sales rose by 17.6 percent.
Terna Energy net profits reach 27.9 mln in 9M
Renewable energy company, Terna Energy’s nine-month (9M) results show that sales were largely unchanged year-on-year (YoY) and came to 208.5 million.
Lamda Development net results show 26.6 million profit in 9M period
Property developer Lamda Development has reported a 39.9 percent rise in turnover in the first nine months (9M) of 2018.