Economy
Deposit inflows of 1.07 bln in June, highest in first half of 2016
Greek private sector deposit flow remained positive for the second straight month with inflows of 1.07 billion euros in June from 183 million in May, Bank of Greece (BoG) figures showed on Wednesday.
Credit contraction stays stable at 2 pct in June, net additions for first time this year
Greek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.
First phase of process to find strategic investor for ADMIE completed
The Public Power Corporation (PPC) announced on Tuesday evening the completion of the first phase for the sale of a 24-percent stake in the Independent Power Transmission Operator (ADMIE).
Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
Greece’s budget primary surplus was confirmed at 2.47 billion euros in the first half of 2016 from 1.88 billion a year ago, corresponding to a notable improvement of almost 31 percent, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
Bank of Greece report overviews lenders' profitability, urges drastic NPL management
The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions.
HELEX H1 2016 results show continuing drop in profits
Hellenic Exchanges-Athens Stock Exchange Group released its H1 2016 results on Monday showing that the net profits of the group came to 3.2 million euros compared to 5.4 million euros in H1 2016, a decline of 41 percent, continuing the group’s trend for falling profits.
Unpopular but effective property tax returns for another year
The single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding a notable burden to Greek households since its launch in 2014.
Government eases capital controls further, aiming to restore depositor confidence
Following pledges earlier in the month, the government has now further relaxed the capital controls imposed last summer.
S&P affirms Greece’s rating with stable outlook
As was broadly expected, S&P affirmed on Friday afternoon Greece’s ‘B-/B’ ratings, while the outlook remains stable.
Greek stocks rebound for second straight week and edge up 2.5 pct
The Greek equity market traded mostly in positive territory this week, ending 2.5 percent higher, even though banks underperformed.