Economy
ATHEX net profits down 54 percent in Q1 2016
The Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its financial results for Q1 2016 after close of business on Monday, showing that the consolidated net after tax profits of the group came to 1.9 million euros compared to 4.1 million euros in Q1 2015, a reduction of 54 percent.
IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
Ahead of the Eurogroup meeting on Tuesday, the International Monetary Fund published its preliminary debt sustainability analysis (DSA), which was distributed to its Executive Board but was neither discussed nor approved.
Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct
Greece's travel receipts rebounded 8.2 percent to 220.6 million euros in March after dropping in the preceding two months, Bank of Greece (BoG) figures showed on Monday.
New rules on sale of NPLs come into play after approval of omnibus bill
The multi-bill approved by Parliament on Sunday evening details, among others, the legal framework for the management and sale of performing or non-performing loans (NPLs).
Greek stocks rise 2.7 pct during week as bailout agreement nears
The Greek stock market traded sideways until Friday when it climbed 2.8 percent on improved sentiment from a positive outcome of Eurogroup meeting next week. Overall, Greek stocks headed north for the third straight week with gains of 2.7 percent this week.
Complex privatisation fund faces tall order to reduce Greek debt
On top of the fiscal measures yielding 3 percent of GDP by 2018, one of the key prior actions for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund.
Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
The multi-bill tabled in Parliament on Wednesday evening included a set of parametric fiscal measures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions that Greece has to make by 2018 as part of the first programme review.
Primary cash surplus improves to 2.93 bln at end of April
Greece’s central government primary cash balance significantly widened to 2.93 billion eurso in the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank of Greece (BoG) figures
Industrial turnover drops 12.7 pct in March, energy plummets 27 pct
Greece’s Turnover Index in Industry fell at a slightly slower pace of 12.7 percent in March from a revised 14.9 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Current account deficit more than halves to 708 mln in March
Greece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48 billion last year, Bank of Greece (BoG) figures showed on Friday.