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Image via Hellenic Petroleum net profits fall by 45 pct in H1

Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first half (H1) of the year show that the group’s sales fell by 5 percent during the first six months of the year.

Photo by Panayiotis Tzamaros/Fosphotos Deposits rise by 1.60 bln in July

Net deposit movement in the Greek banking system stayed positive by 1.60 billion euros in July following an increase of 1.77 billion euros in June, Bank of Greece (BoG) figures revealed on Wednesday.

Photos by Dennis Skley via Flickr Capital controls to be abolished ahead of schedule

Prime Minister Kyriakos Mitsotakis announced on Monday that the government was moving ahead with the full lifting of the capital controls that have been in place in Greece since the summer of 2015.

Photo by MacroPolis Moody's holds on rating update stressing need for reform

Moody’s was expected to complete the latest round of ratings reviews for Greece after S&P in spring and Fitch earlier in August. However the rating agency held back from any action and did not update its rating for the country.

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