Economy
Retail sales drop for thirteenth straight month by 5.2 pct in June
The turnover of Greece’s retail trade index continued heading south unabated, albeit at a slower pace of 5.2 percent in June from a revised drop of 7.9 percent in May, Hellenic Statistical Agency (ELSTAT) figures showed on Wednesday.
New tax rate hits OPAP H1 2016 profits
The Greek Organisation of Football Prognostics (OPAP), Greece’s leading game operator and Europe’s largest betting firm, has released its H1 2016 financial statement showing that gross gaming revenue fell by 2.6 percent to 678.8 million euros. It was 697.1 million euros during the same period last year.
Lamda Development H1 net profits at 1.5 mln
Property developer Lamda Development’s H1 2016 results, released on Tuesday, show that the EBITDA of the group’s three shopping malls posted an increase of 8 percent, reaching 21.5 million euros during the first six months of 2016.
Alpha Bank reports net losses of 16.8 mln in Q2
Alpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million in the previous quarter.
Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
Piraeus Bank turned net losses of 37 million euros in the first quarter (Q1) of 2016 to profits of 20 million in Q2, which include a one-off trading gain of 77 million from the acquisition of Visa Europe from Visa Inc.
Motor Oil Hellas gross H1 profits fall 11.1 pct
The H1 2016 results for Motor Oil Hellas show that the group’s turnover fell by 27.4 percent in the first half of the year compared to the same period in 2015.
Economic sentiment rises to 92.5 pts in Aug, consumer confidence edges down for second straight month
Greece’s economic sentiment (ESI) increased for the second straight month in August, when it increased by 1.6 points, following a rise by 1.2 points in July, the European Commission (EC) figures showed on Thursday.
Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
The Greek seasonally adjusted (SA) GDP at constant prices increased by 0.2 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016 after a revised drop of 0.2 percent in Q1, the Hellenic Statistical Authority (ELSTAT) provisional estimates displayed on Monday.
Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
Credit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday.
Greek stocks edge up 0.7 pct on week, banks rise 3.8 pct for first time in last six weeks
The Greek equity market gained 0.7 percent this week, after losses of 2.6 percent recorded in the previous week, but trading volumes remained extremely subdued.