Economy
Stocks up 2.1 pct in last week of 2016 as year's performance turns positive for first time since 2013
The Greek equity market stayed on positive ground in the last week of the year with gains of 2.1 percent, while the trading activity remained subdued.
Retail sales grow for second straight month in Oct with 1.3 pct rise
The turnover of Greece’s retail trade index rose again in October, when it increased by 1.3 percent, after a 1.7 percent rise in September, Hellenic Statistical Agency (ELSTAT) figures revealed on Friday.
Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
Greece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
The rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6 percent in October, Bank of Greece (BoG) figures showed on Thursday.
Deposits edge up to 124.8 bln in Nov on marginal inflows of 12 mln
The Greek market recorded marginal deposit inflows of 12 million euros in November following a positive flow of 1.02 billion in October, Bank of Greece (BoG) figures displayed on Thursday.
HFSF records losses of 1.2 bln in 9-month amid revaluation losses from bank holdings
The Hellenic Financial Stability Fund (HFSF) posted net losses of 1.25 billion euros in the 9-month period of 2016 from 8.89 billion a year ago, its interim financial report showed on Friday.
Athens settles pension handout row, looks for review progress
Eurogroup President Jeroen Dijsselbloem concluded on December 24 that “the way has been cleared for the European Stability Mechanism (ESM) to go ahead with the decision-making procedures” for the implementation of short-term debt relief measures after Greek Finance Minister Euclid Tsakalotos sent a letter to the institutions providing assurances regarding primary surplus targets and the distribution of any excess.
Greek stocks drop 1.5 pct during week amid subdued trading activity
The Greek stock market traded mostly in negative territory, closing 1.5 percent down on the week amid soft trading volumes.
Travel receipts up by 14.2 pct in Oct but 10-month figure drops 4.2 pct
Greece's travel receipts continued heading north in October, when a 14.2 percent increase followed a rise of 2.3 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Current account balance turns to deficit of 198 mln in Oct
Greece’s current account (C/A) balance turned to a deficit of 198.4 million euros in October 2016 from surplus of 264.8 million in the corresponding period last year, Bank of Greece (BoG) figures showed on Wednesday.