Economy
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.
Athens identifies drivers for growth as it draws up strategy for next years
One of the integral parts of the final review of Greece’s third programme is a growth plan that the authorities will have to agree with eurozone partners and will act as the country’s own policy compass outside the regular supervision by official creditors.
Eurogroup highlights tight schedule as differences over debt, fiscal measures brew
The main message to emerge from Monday’s Eurogroup was that Greece and its lenders are facing a tight schedule if they are to achieve their goal of completing the fourth review and settling the issues of debt relief and post-programme surveillance.
Industrial production falls by 1.7 pct in Jan
Greece’s Industrial Production Index (IPI) declined by 1.7 percent in January after December’s growth was revised up to 1.3 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Building activity down by 6.7 pct in Dec after rising by 8.6 pct in 2017
Building permits fell by 6.7 percent in December against a rise of 16.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Net job hirings balance turns positive by 16,628 in February
The employment balance returned to positive ground in February as hirings outpaced departures by 16,628, data from the Labour Ministry’s Ergani information system revealed.
Next key programme developments due in April as Athens shapes growth strategy
Monday’s Eurogroup is not expected to deliver any significant decisions regarding Greece’s fourth programme or its post-MoU framework.
Trade deficit falls by 14.8 pct in January on sharp rise in exports
Greece’s trade deficit fell substantially by 14.8 percent in January compared to a decline of 0.8 percent in December according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Car sales up by 33.1 percent in February
Road motor vehicles going into circulation for the first time rose by 33.1 percent in February, slowing from the increase of 44.3 percent noted in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Turnover in tourism sector up 7 pct in Q4, increasing by 9.9 pct in 2017
The turnover index in accommodation and food services remained positive for a sixth successive quarter in Q4 2017, growing by 7 percent after an upward revision for Q3 to 14.7 percent, ELSTAT figures showed on Friday.