Economy
CPI up by 0.9 pct in August, staying positive for eighth consecutive month
Greece’s Consumer Price Index (CPI) rose by 0.9 percent in August, edging down from July’s figure of 1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Trade deficit up by 5.9 pct in July as export growth slows
Greece’s trade deficit increased by 5.9 percent in July after dropping by 0.9 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment falls to 21.2 pct in June, lowest since Dec 2011
Greece’s seasonally adjusted (SA) unemployment fell to 21.2 percent in June after a downwardly revised figure of 21.5 percent in May, ELSTAT's labour force survey revealed on Thursday
Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the second quarter (Q2) of 2017 according to the fourth quarterly report on operational targets for NPEs by Bank of Greece.
Lamda Development reports net loss of 10.9 million in H1
Property developer Lamda Development has reported an overall loss of 10.9 million euros for the first half (H1) of 2017. The result for the same period last year was a profit of 1.4 million euros.
Fourlis Group reports loss of 2.1 mln in H1
Fourlis Group, a leading group of companies in Greece and the Balkans involved in the retail of household and sports goods, reported losses of 2.1 million euros in the first half (H1) of the year.
General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
Greece’s general government (gg) primary cash surplus came to 4.10 billion in the first seven months of the year according to the Finance Ministry’s (MoF) gg bulletin.
Hellenic Petroleum reports net income rise of 62 pct in H1
Greece’s largest oil refiner, Hellenic Petroleum’s financial results for the first half (H1) of the year show that the group’s sales rose by 39 percent during the first six months of the year.
Alpha Bank remains profitable in Q2, NPEs reduced further
Alpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including profits of 71 million from continued operations offset by losses of 68.5 million from discontinued operations, mainly related to recycling of FX differences following the sale of its subsidiary in Serbia.
GDP rises by 0.5 pct in Q2 as signs of recovery emerge
Greece’s seasonally adjusted (SA) GDP grew by 0.5 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2017, after an upwards revised increase of 0.5 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Friday.