Economy
ADMIE affiliate IPTO sees 2.2 pct revenue rise in nine-month results
Greece’s Independent Power Transmission Operator (ADMIE) Holding SA reported its results for the first nine months of its first fiscal year of operation which showed that total revenues from its affiliate IPTO SA rose by 2.2 percent.
Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
Greece’s industrial turnover fell by 0.8 percent in September after upwardly revised growth of 6.3 percent in August, according to Hellenic Statistical Authority (ELSTAT) data published on Monday.
Current account surplus at 1.21 bln in September on services balance growth
Greece’s current account (C/A) balance recorded a surplus of 1.21 billion euros in September from 864.8 million a year ago, Bank of Greece (BoG) figures showed on Monday.
Deal seen on energy liberalisation as third review SLA edges closer
Just a few days are left before the institutions return to Athens in search of Staff-Level Agreement (SLA) before the December 4 Eurogroup and it appears that one of the big-ticket items in the third review has been settled.
Grivalia Properties net profits rise by 87 percent in nine-month results
Grivalia Properties’ results for the nine-month period ending in September 2017 showed that revenues increased by 5.4 percent.
Primary cash surplus at 2.88 bln in Oct on higher expenditure, arrears payments
Greece’s central government primary cash balance came to a surplus of 2.88 billion euros in the first ten months of 2017, compared to a surplus of 3.97 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Friday.
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Eurobank’s results for the third quarter (Q3) of the year showed net profits after income tax at 61.2 million euros compared to net profits of 37.3 million euros in Q2, a rise of 64.1 percent.
Fall in apartment prices continues with slower decline of 0.6 pct in Q3
The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data showed on Thursday.
Coalition appears to reach common ground with notaries over property auctions
The government believes that it has reached an understanding with Greece’s notaries that will lead to them calling off their strike and allowing electronic auctions to begin at the end of the month.
Greece continues debt management with swap of bonds worth 30 bln
Greece’s Public Debt Management Agency (PDMA) announced on Wednesday that it was inviting holders of bonds that were exchanged as part of the Private Sector Involvement (PSI) in March of 2012 to swap them with five new securities that mature between 2023 and 2042.