Economy
Hellenic Petroleum adjusted net profits drop by 40 pct in Q1
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first quarter (Q1) of the year show that the group’s net sales fell by 8 percent during the first three months of the year.
Banks focus on reducing NPLs linked to property
As Greece’s systemic banks enter their first quarter reporting cycle, what’s happening with their bad loan pile is one of the main performance indicators that observers are keeping their eyes on.
Finance Ministry, Stournaras disagree over fiscal space for expansionary measures
The Greek government is in an awkward position regarding the expansionary fiscal measures announced by Prime Minister Alexis Tsipras last week and adopted by Parliament on Wednesday.
Budget primary surplus at 1.46 bln in Apr, above target by 2.13 bln
The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Wednesday.
NBG reports net profits of 131 mln in Q1, accelerating profitability
National Bank of Greece (NBG) reported a net profit of 131 million euros from continued operations in the first quarter (Q1) of 2019, gaining on the profits of 8 million euros reported in Q4.
Athens moves ahead with expansionary measures as it waits for lenders' response
The Greek government is set to find out this week what the institutions think about the package of positive measures submitted to Parliament on Monday and due to be voted into law by Wednesday.
Building permits drop by 5.1 pct in Feb
Building permits decreased by 5.1 percent year-on-year (YoY) in February, improving from a decline of 10.2 percent in January, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Car sales rise by 20.4 pct in April
Road motor vehicles going into circulation for the first time rose by 20.4 percent in April compared to a drop of 9.5 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln
Greece’s general government (gg) primary cash surplus came to 1.98 billion euros in the first three months of the year, down by 556 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Industrial production drops by 2.7 pct in Mar
Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 2.7 percent in March compared to an upward revised increase of 3 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.