Economy
Property tax eats into Grivalia’s 2016 profits
Grivalia Properties has released it end of year financial results for 2016, showing that the Group’s operating profit for the year came to amounted to 32.4 million euros compared to 64.9 million euros for 2015, a drop of 50 percent.
Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
The impact from the restructuring of the Greek banking system during the crisis years was depicted in the figures provided by the Hellenic Bank Association (HBA) on Friday.
Revenues reach 4.3 bln in January, beating target by 258 mln
Greece’s revenues before tax refunds stood at 4.27 billion euros in January, beating the target by 258 million, according to preliminary figures published by the Independent Authority for Public Revenue (IAPR) on Friday.
General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
Greece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening.
Stocks fall for fourth straight week amid lack of progress in talks with lenders
The Greek stock market started the week tumbling 3.5 percent on Monday in the wake of the deadlock over the programme review.
Minor fluctuations in deposit and loan interest rates in December
Greek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent in December after a higher drop by 5 bps in November, Bank of Greece (BoG) data displayed on Thursday.
Number of new companies registering in 2016 half of those in 2008
The number of new companies registered in Greece in 2016 fell by 33 percent from 2012 and halved compared to the 2008 figure, a study by Endeavor titled “Greek Entrepreneurship in Numbers” revealed on Wednesday.
Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
Greece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday.
Athens accepts review's toughest fronts remain open
One day after a Bloomberg report cited a memo discussed at the last Eurogroup, which noted that almost two thirds of the second programme review prior actions have yet to be completed, the Greek government gave its own view on the state of play in the review process on Tuesday evening.
New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP
Greece’s new tax debt exceeded the 1-billion mark in December as it climbed to 1.28 billion euros after a smaller increase of 890 million in November, General Secretariat of Public Revenues (GSPR) data revealed on Monday.