Economy
First day of talks highlights distance that needs to be covered
The new round of negotiations between the institutions’ mission chiefs and the Greek ministers began on Tuesday.
Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln
The rate of credit contraction in the Greek market accelerated to 1.6 percent in January after remaining stable in the previous months, Bank of Greece (BoG) figures showed on Tuesday.
Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
The Greek market recorded outflows of 1.53 billion euros in January after the seasonally high inflows of 2.8 billion in December, Bank of Greece (BoG) figures revealed on Tuesday.
Retail sales down by 1.3 pct in Dec for first drop since Aug
The turnover of Greece’s retail trade index fell by 1.3 percent in December after upward revised growth of 2.2 percent in November, Hellenic Statistical Agency (ELSTAT) data showed on Tuesday.
BoG reveals figures for repatriation and banknotes returning to banking system
In its annual report published on Friday, the Bank of Greece (BoG) provided more details on the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015.
Institutions back in Athens to resume review, agree new measures
After a stalemate of more than 2.5 months, discussions between the Greek government and the institutions’ mission chiefs are due to resume in Athens on Tuesday.
Economic sentiment and consumer confidence deteriorate in Feb
Greece’s economic sentiment (ESI) fell by 2.2 points in February after remaining stable in the previous month, the European Commission (EC) figures revealed on Monday.
Gucci and Greece’s lost photo opportunity
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Recently, the Greek authorities were approached by fashion house Gucci for permission to hold a runway event at the Parthenon. The Central Archaeological Council (KAS), which has the final say over such matters, rejected the request, saying that it was out of line with the monuments cultural character.
Fitch keeps Greece’s rating at ‘CCC’
Fitch affirmed Greece’s rating at ‘CCC’ in its scheduled rating review published on Friday evening. The rating agency’s baseline scenario is that an agreement will be reached between the Greek government and creditors.
Stocks edge up 0.9 pct, trading activity remains subdued for third straight week
The Greek equity market edged up for the second straight week by 0.9 percent. The initial gains of 2.5 percent in the first two sessions, also in the wake of Monday’s Eurogroup decision, were mitigated thereafter as investors became more concerned after an initial positive reaction.