Economy
Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
The Greek stock market continued its downswing falling by 2.5 percent this week after edging down 0.9 percent in the previous week. Although trading activity picked up from the extremely low levels of the previous week, it remained overall subdued.
Houliarakis provides clearest view so far on Athens's debt relief expectations
Alternate Finance Minister Giorgos Houliarakis made the current government’s clearest statement so far on what it expects in terms of debt relief and how it believes this could help the country in the future.
Revenues beat target for second straight month in Oct with 739 mln over-performance
Greek budget revenues beat their target comfortably for the second successive month in October, according to General Secretariat of Public Revenues (GSPR) figures provided by the Finance Ministry (MoF) on Thursday.
US market drives Titan Group’s Q3 results
Titan Group’s Q3 2016 results showed strong growth driven by the US market and the improvement of results in Egypt. Turnover for the period came to 400.4 million euros, an increase of 12.1 percent compared to the figure of 356.7 million euros in Q3 2015.
Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
Greek households’ new time deposit rate fell by 8 basis points (bps) to 0.79 percent in September, after remaining broadly flat in the previous three months, Bank of Greece (BoG) data showed on Thursday.
Coca Cola Q3 results continue downward trend
Coca-Cola HBC AG’s Q3 trading update shows that the company’s activities developed as expected during the quarter, following FX-impacted trends recorded in H1.
General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln
Greece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.
Office prices edge up 0.2 pct in H1, retail prices drop 0.8 pct
The office prices in Greece edged up 0.2 percent in the first half (H1) of 2016 after a marginal rise of 0.1 percent in H2 2015, Bank of Greece (BoG) data showed on Tuesday.
World Bank sets out savings Greece can make from streamlining welfare benefits
The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues in the first round of discussions on the second programme review between the Greek government and the institutions’ mission chiefs.
Alpha and NBG complete sales of hotels
Two of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans, which include, among others, disposal of non-core assets.