Economy
Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
Greece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday.
Two weeks left for Athens to settle last remaining prior actions
Thursday, June 14, is widely seen as the date by which the Greek government needs to have completed any legislative work related to the fourth review so that the lenders can reach an agreement on the remaining issues by the time the Eurogroup takes place a year later.
Deposits stay positive with 870.1 mln inflow in April
Net deposit movement in the Greek banking system remained positive and showed inflows of 870.1 million in April compared to inflows of 1.14 billion in March, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln
Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday.
Grivalia Properties net profits at 10.3 mln in Q1, down 12.3 pct
Grivalia Properties’ results for the first quarter (Q1) of 2018 showed that revenues rose by 9.9 percent to 17.6 million euros compared to 13.9 million for the same period a year ago.
High expectations and landmarks on road to privatisations in 2018
Greece’s privatisation programme is a key component in the institutions and the Greek authorities’ growth projections as the asset development programme which includes direct sales, concessions, securitisations and other forms of monetisation is expected to contribute to boosting private investment.
Overdue social security debt at 31.87 bln in Q1, debtors at 1.2 mln
The stock of unpaid social security contributions (SSCs) increased to 31.87 billion in the first quarter (Q1) of 2018, rising by 585 million compared to the figure of 31.29 billion euros registered in the fourth quarter (Q4) of 2017, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Titan Cement turnover falls by 10.9 pct in Q1
Titan Group’s financial results for the first quarter (Q1) of 2018 showed a decline of 10.9 percent compared to the same period last year.
Motor Oil net profits fall 54.5 pct in Q1 on higher costs
Motor Oil Hellas’ financial statement has shown that the group’s revenues increased by 11.1 percent to 2.04 billion euros in the first quarter (Q1) of the year, but net profits declined.
Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
The safeguarding of financial stability is one of the pillars of Greece’s third programme and the Supplemental Memorandum of Understanding (sMoU) has a section dedicated to the banking sector, with the focus on the secondary market for Non-Performing Loans (NPLs), debt restructuring and insolvency procedures and the overall governance of Hellenic Financial Stability Fund (HFSF) and the banks.