Economy
Review demands put spotlight on Greek banks
Greek banks have been a topic of discussion over the last few days after eurozone official highlighted last week the need for the management of NPLs and amid pressure from the International Monetary Fund for new asset quality reviews (AQRs) to be carried out.
Clean exit under discussion but course of third review holds key
The probability of Greece exiting its programme next August without a credit line appears to be rising, but this is still dependent on the third review being completed without any serious delays or complications.
Study shows 341 mln a year in tax lost from short-term rentals
The Hellenic Chamber of Hotels has called for a fairer system of taxing accommodation for tourists after a study highlighted the loss of tax revenue from unlicensed short-term rentals.
Current account surplus at 1.57 billion in July, pushed by services balance
Greece’s current account (C/A) balance displayed a surplus of 1.57 billion euros in July from 1.36 billion a year ago, Bank of Greece (BoG) figures showed on Wednesday.
Industrial turnover up by 8.6 pct in July, positive for eighth month
Greece’s Turnover Index in Industry rose by 8.6 percent in July after upwardly revised growth of 9 percent in June, data from the Hellenic Statistical Authority (ELSTAT) showed on Tuesday.
ADMIE reports EBITDA of 8.2 mln in H1
Greece’s Independent Power Transmission Operator (ADMIE) Holding SA reported its results for the first half (H1) 2017 of its first fiscal year of operation which showed that income from its affiliate IPTO SA came to 9 million euros.
Primary cash surplus falls to 276 mln surplus at end of August amid revenue decline
Greece’s central government primary cash balance came to a surplus of 276 million euros in the first eight months of 2017 against a surplus of 2.41 billion euros for the same time last year, Bank of Greece data revealed.
Folli Follie net profits rise 17 pct in H1 2017
Jewellery and fashion accessory designer and retailer Folli Follie has reported a 10.8 percent increase in revenues for the second quarter (Q2) of 2017 compared to the same period last year.
Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
Greek banks’ Eurosystem funding fell for 26 successive months in August when it fell by a further 5.1 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Net job hirings turn negative by 14,402 in August to highest aggregate figure on record
The employment balance turned to negative territory in August posting a negative figure of 14,402 as departures outpaced hirings, data from the Labour Ministry’s Ergani information system revealed on Thursday.