Economy
Stocks rise for first time in three weeks, gaining 1.1 pct
The Greek equity market traded in mild negative territory until Wednesday, while a rebound in the last two sessions erased earlier losses leading to weekly gains of 1.1 percent. The trading activity remained largely at previous week’s level, while the turnover climbed to 181 million on Wednesday due to the MSCI rebalancing.
Deposit interest rates largely unchanged in April, average loan rate increases
Greek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April, Bank of Greece (BoG) figures showed on Friday.
Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
Seasonally adjusted GDP grew by 0.4 percent quarter-on-quarter in the first quarter of 2017, after a downwardly revised drop of 1.1 percent in the previous quarter.
Another privatisation goal ticked off as 600 mln offer secures Athens airport concession
The Hellenic Republic Asset Development Fund (HRADF) announced on Wednesday that it has accepted the improved offer submitted by the Athens International Airport (AIA) SA for the 20-year extension of the concession for the airport.
Greek PMI rises to 49.6 in May as uncertainty continues to impact
Greece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth consecutive deterioration in Greek manufacturing sector conditions.
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
Alpha Bank concluded the release of Greek banks’ first quarter (Q1) results, remaining profitable for the third successive quarter with net profits more than doubling.
Slight rise of 0.3 pct in March retail sales after strong growth in February
The turnover of Greece’s retail trade index edged up by 0.3 percent in March, after revised double-digit growth of 11.2 percent in February, ELSTAT data showed on Wednesday.
Lamda Development EBITDA up 4.5 pct in Q1
Property developer Lamda Development has reported a 4.5 percent rise in EBITDA from their three shopping centres in Q1 2017.
Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
Economic sentiment fell by 1.7 points in May after improving cumulatively in the previous two months, European Commission figures showed on Tuesday.
Marfin Investment Group sales down 0.2 pct in Q1
Marfin Investment Group’s (MIG) Q1 2017 financial report showed a marginal decline of 0.2 percent in sales compared to the same quarter last year.