Macroeconomy
Lamda Development net losses deepen to 43.7 mln in 2017
Property developer Lamda Development’s full-year results for 2017 show a net loss of 43.7 million euros compared to a loss of 3.1 million in 2016.
Banks meet NPE targets in Q4, reduction at highest rate since start of crisis
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the fourth quarter (Q4) of 2017 according to the sixth quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Thursday afternoon.
Credit contraction at 1 pct in February on lower household, and corporate lending
Credit contraction in the Greek market deepened by 1 percent in February from a contraction of 0.8 percent in January according to Bank of Greece (BoG) figures released on Tuesday.
February deposit balance positive by 59 mln, reversing previous month's outflow
Net deposit movement in the Greek banking system returned to positive territory in February with inflows of 59 million compared to outflows of 1.40 billion euros in January, Bank of Greece (BoG) figures revealed on Tuesday.
Economic sentiment drops in March after reaching recent high, consumer confidence stable
The strong recovery trend in Greece’s economic sentiment (ESI) stopped in March as it dropped by 4.5 points to 99.8, from 104.3 in February, data from the European Commission (EC) showed on Tuesday.
Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
Greek banks’ Eurosystem funding fell by around 2.80 billion euros in February, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
Travel balance rises by 3.4 pct in Jan as expenditure out of sync with arrivals growth
Greece’s travel receipts rose by 3.4 percent year-on-year in January, reversing a fall of 76.3 percent in December, Bank of Greece (BoG) data revealed on Monday.
Budget primary surplus confirmed at 2.75 bln in February
The budget primary balance was confirmed at a surplus of 2.75 billion euros in the first two months of 2018, up by 28.9 percent against last year’s figure of 2.14 billion euros, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.
January current account deficit at 585.8 mln as goods balance worsens
Greece’s current account (C/A) balance recorded a deficit of 585.8 million in January, improving from December’s deficit of 1.24 billion, Bank of Greece (BoG) figures showed on Friday.
Industrial turnover makes strong start to year with growth of 12.7 pct in Jan
Greece’s industrial turnover shot up by 12.7 percent in January, after December’s figure was softened to -1.9 percent, according to Hellenic Statistical Authority (ELSTAT) data published on Thursday.