Economy
Mortgage loans a key piece of NPL reduction puzzle
The persisting issue of non-performing loans (NPLs) was one of the key items discussed last week by the government and the institutions.
Ellaktor’s H1 results show net loss deepening to 31 mln
The Ellaktor Group of Companies’ financial results for the first half (H1) of 2018 showed that turnover fell by a slight 0.8 percent in the first six months of the year.
ADMIE Holdings posts income of 21.3 mln, affiliate profits up to 44.4 mln in Q2
ADMIE Holding SA reported its results for the first half (H1) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 21.3 million, an increase of 12.4 percent.
No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
The latest indications received by the Greek government from its lenders suggest that a final decision on whether next year’s pension cuts will have to be implemented will not be taken before the Eurogroup meeting on December 3.
Card transactions in Greece experience boost due to capital controls
Payment statistics by the European Central Bank released last week have revealed that card payments in Greece experienced notable growth in recent years.
Budget primary surplus at 3.14 bln in August as revenues grow and spending falls
The budget primary balance came to a surplus of 3.14 billion euros in the first eight months of 2018, according to the preliminary budget execution bulletin for August published by the Finance Ministry (MoF) on Friday.
Turnover in services sector improves in Q2 2018
Turnover indices for the services sector recorded an improvement in the second quarter (Q2) of 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Lenders' visit concludes with no firm answer on pension cuts
The first post-programme inspection by the institutions is due to be wrapped up on Friday with no final decision on whether the pension cuts due to be implemented next year will be called off, but with the Greek government confident that it will be granted this concession by its lenders.
Sarantis Group sales rise by 9.8 pct in H1
Consumer product producer and retailer Sarantis Group’s results for the first half (H1) of the year showed that sales improved by 9.8 percent during the period.
Unemployment rate falls to 19 pct in Q2
The Greek non-seasonally-adjusted unemployment rate stood at 19 percent in the second quarter (Q2) of the year, dropping from the rate of 21.2 percent registered in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.