Economy
Turnover in tourism sector up 1 pct in Q1 for third straight quarterly rise
The Turnover Index in Accommodation and Food Services increased for the third straight quarter by 1 percent in Q1 2017, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Terna Energy's net profits rise 32.4 pct in Q1 2017
Terna Energy posted a sales increase of 10 percent as part of its Q1 results for 2017. Total sales came to 55.5 million euros, up from 50.4 million euros in Q1 2016.
GEK Terna net profits fall by 8.9 pct in Q1
Greek construction and energy group GEK Terna’s Q1 results showed that sales revenue fell by 6.9 percent to 262.4 million euros versus 281.9 million euros in Q1 2016.
BoG reveals number of indebted borrowers, details business NPEs
Following the most recent data on the qualitative characteristics of the non-performing exposures, BoG deputy governor Theodoros Mitrakos revealed important aspects of NPEs.
Net job hirings reach new high of 89,534 in May, 5-month figure a record
The employment balance stayed positive in May 2017 with net hirings climbing by around 13,000 to 89,534 from 76,591 a year ago, data from the Labour Ministry’s Ergani information system revealed on Wednesday.
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
In its latest Economic Outlook report the OECD notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven.
Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
Greek banks continued meeting their NPE reduction target in Q1 2017, the third quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed.
Bank branches fall in 2016, degree of concentration highest in EU
Greek banks reduced their branch network and employees in the domestic market further, according to the dataset of structural financial indicators for the EU banking sector which was published by the ECB.
General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
Greece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed.
Stocks rise for first time in three weeks, gaining 1.1 pct
The Greek equity market traded in mild negative territory until Wednesday, while a rebound in the last two sessions erased earlier losses leading to weekly gains of 1.1 percent. The trading activity remained largely at previous week’s level, while the turnover climbed to 181 million on Wednesday due to the MSCI rebalancing.