Economy
Primary cash surplus at 2.88 bln in Oct on higher expenditure, arrears payments
Greece’s central government primary cash balance came to a surplus of 2.88 billion euros in the first ten months of 2017, compared to a surplus of 3.97 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Friday.
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Eurobank’s results for the third quarter (Q3) of the year showed net profits after income tax at 61.2 million euros compared to net profits of 37.3 million euros in Q2, a rise of 64.1 percent.
Fall in apartment prices continues with slower decline of 0.6 pct in Q3
The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data showed on Thursday.
Coalition appears to reach common ground with notaries over property auctions
The government believes that it has reached an understanding with Greece’s notaries that will lead to them calling off their strike and allowing electronic auctions to begin at the end of the month.
Greece continues debt management with swap of bonds worth 30 bln
Greece’s Public Debt Management Agency (PDMA) announced on Wednesday that it was inviting holders of bonds that were exchanged as part of the Private Sector Involvement (PSI) in March of 2012 to swap them with five new securities that mature between 2023 and 2042.
Mytilineos Group nine-month net profits grow to 123.1 mln
The industrial conglomerate Mytilineos S.A has released its nine-month results, which show that turnover rose by 23.9 percent year-on-year.
Capital controls to be loosened further, restrictions on foreign cash removed
Additional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Tuesday.
OPAP revenues rise but net profits fall in nine-month period
The Greek Organisation of Football Prognostics (OPAP) has released its results for the first nine months of the year, showing that gross gaming revenues (GGR) rose by 4.8 percent compared to the same time last year.
Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
The budget primary balance recorded a surplus of 5.36 billion euros in the first ten months of 2017, increasing by 10.2 percent against last year’s figure of 4.86 billion euros, the Finance Ministry preliminary budget execution bulletin showed on Tuesday.
Motor Oil Hellas EBITDA rises to 452.7 mln in 9-month period
Motor Oil Hellas’ financial results for the first nine months of 2017 show that group revenues increased by 28.2 percent compared to the same time last year.