Economy
Primary cash surplus of 1.95 bln in 2016 including arrears’ repayment of 3.85 bln
Greece’s central government primary cash surplus fell to 1.95 billion in 2016 from 3.49 billion in the previous year, Bank of Greece (BoG) figures displayed on Tuesday.
Industrial turnover rebounds 2 pct in November
Greece’s Turnover Index in Industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
HRADF signs share purchase agreement with Ferrovie for sale of TRAINOSE
The Hellenic Republic Asset Development Fund (HRADF) said on Wednesday it has signed the share purchase agreement for the sale of 100 percent in TRAINOSE (operation and management of railway activities) to the Italian Ferrovie Dello Stato Italiane for a consideration of 45 million euros.
PPC general meeting approves unbundling of ADMIE
The Public Power Corporation (PPC) held an Extraordinary General Meeting (EGM) on Tuesday that approved the unbundling of the Independent Power Transmission Operator (ADMIE), which is fully owned by PPC.
BoG report reveals impact on banks’ capital from NPE reduction and loan sales
In its latest overview of the Greek financial sector, Bank of Greece (BoG) presented the outcome of two important studies that examined the impact on capital ratios from the targeted non-performing exposure (NPE) reduction and potential NPE sales.
Credit standards and demand for corporate and household loans remain unchanged in Q4
Credit standards for both corporate and household loans remained stable quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, in line with previous estimates, Bank of Greece (BoG) bank lending survey (BLS) displayed on Tuesday.
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
Following the notable rise of 11.3 percent in the second half of 2015, the total number of payment cards in the Greek market rose by 3 percent in the first half of 2016 compared to the previous 6-month period and stood at 14.6 million at the end of June, the Bank of Greece said in its second semi-annual overview of the Greek financial sector.
Building activity resumes downswing falling by 5.7 pct in October
Greek building permits fell by 5.7 percent in October after rebounding in the previous three months, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Government seeks to appease banks over ADMIE privatisation
In a letter sent by the four systemic Greek banks to Finance Minister Euclid Tsakalotos on January 11, but revealed by the Greek media on Friday, they expressed their serious concerns about the privatisation process of the Independent Power Transmission Operator (ADMIE).