Economy
BoG report highlights economic challenges, proposes way forward
The Bank of Greece (BoG) published on Monday its Monetary Policy Report for 2018 and 2019, which outlines the areas where there has been significant progress but it also highlights several risks and makes proposals that would free up the country’s potential to accelerate growth.
Credit contraction remains at 0.1 pct in May, balance at 161.16 bln
Credit contraction in the Greek market stayed at 0.1 percent in May, unchanged from April, Bank of Greece (BoG) figures showed on Monday.
PMI falls to 52.4 in June while industry optimism holds steady
Greece’s manufacturing PMI fell to 52.4 points in June from 54.2 points in May, according to the latest data from Markit PMI.
PPC reports net loss of 205.1 mln in Q1
Greece’s majority state-owned Public Power Corporation’s (PPC) first quarter (Q1) results showed that net losses worsened to 205.1 million from 12.6 million euros in the same quarter last year.
Retail turnover falls by 2 pct in Apr, volume declines by 2.7 pct
Greece’s retail sales index fell by 2 percent in April compared to an upward revised increase of 5.4 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Eurobank’s NPL sales take major step with two transactions
Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans.
Consumer confidence at highest since January, economic sentiment stable
Greece’s economic sentiment (ESI) edged up by 0.2 points in June to 101 points, European Commission (EC) figures showed on Thursday.
Annual report shows majority of debt in official hands on favourable terms
The Ministry of Finance (MoF) annual debt bulletin for 2018 has outlined the government's strategy for the management of its debt across 2018.
Greek banks maintain focus on key areas as elections approach
Greece’s systemic banks are continuing tackling several key issues as the summer sets in and against the general tide of a pre-election slowdown.
Budget primary surplus confirmed at 916 mln in May on higher expenditure
The budget primary balance recorded a surplus of 916 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.