Economy
Greek banks conclude series of corporate actions as part of restructuring
Greek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
PMI rises to 49.3 in Dec but likelihood of growth remains slim
Greece’s Manufacturing PMI increased by 1 point in November, after dropping in the previous three months, the Markit survey revealed on Monday.
New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
Greece’s new tax debt rose at a slower pace of 890 million in November from 1.4 billion in October, according to the General Secretariat of Public Revenues (GSPR) data.
Stocks up 2.1 pct in last week of 2016 as year's performance turns positive for first time since 2013
The Greek equity market stayed on positive ground in the last week of the year with gains of 2.1 percent, while the trading activity remained subdued.
Retail sales grow for second straight month in Oct with 1.3 pct rise
The turnover of Greece’s retail trade index rose again in October, when it increased by 1.3 percent, after a 1.7 percent rise in September, Hellenic Statistical Agency (ELSTAT) figures revealed on Friday.
Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
Greece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
The rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6 percent in October, Bank of Greece (BoG) figures showed on Thursday.
Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
The Greek market recorded marginal deposit inflows of 12 million euros in November following a positive flow of 1.02 billion in October, Bank of Greece (BoG) figures displayed on Thursday.
HFSF records losses of 1.2 bln in 9-month amid revaluation losses from bank holdings
The Hellenic Financial Stability Fund (HFSF) posted net losses of 1.25 billion euros in the 9-month period of 2016 from 8.89 billion a year ago, its interim financial report showed on Friday.
Athens settles pension handout row, looks for review progress
Eurogroup President Jeroen Dijsselbloem concluded on December 24 that “the way has been cleared for the European Stability Mechanism (ESM) to go ahead with the decision-making procedures” for the implementation of short-term debt relief measures after Greek Finance Minister Euclid Tsakalotos sent a letter to the institutions providing assurances regarding primary surplus targets and the distribution of any excess.