Economy
Compromise proposal on table ahead of Friday's Eurogroup
Following a meeting in Brussels on Tuesday evening between representatives from the institutions and the Greek government, a compromise agreement on the fiscal measures beyond 2018 appears to be on the table.
Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
The employment balance remained positive in March 2017, with net hirings climbing to 38,517 from 29,351 a year ago, data from the Labour Ministry’s Ergani information system showed on Wednesday.
Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
The Independent Authority of Public Revenue (IAPR) published on Monday its annual report for 2016, which revealed useful data on the composition of Greece’s tax debt.
General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
Greece’s general government (gg) primary cash surplus fell by 430 million euros to 2.61 billion in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday evening.
PMI falls to 46.7 in Mar on drop in new orders but outlook positive for next months
Greece’s Manufacturing PMI fell by 1 point to 46.7 in March, almost offsetting the rise of 1.1 points recorded in the previous month, Markit survey showed on Monday.
Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
Piraeus Bank concluded the release of Greek banks’ fourth quarter (Q4) results on Friday evening by announcing that it posted net losses of 17.7 million euros in Q4 from profits of 30.6 million in the previous quarter.
Lamda Development reduces losses in 2016
Property developer Lamda Development’s full-year results for 2016 show that the company made a net loss of 3.1 million euros for the year, compared to a net loss of 22.1 million euros posted in 2015.
Viohalco revenues fall 5 pct in 2016
Industrial giant Viohalco has released its FY 2016 financial results, outlining that the company’s revenue fell by 5 percent year on year from 3.27 billion euros in 2015 to 3.11 billion euros in 2016.
Stocks climb 4.8 pct on increased optimism about deal with institutions
The Greek stock market rebounded strongly this week, shooting up by 4.8 percent for the first rise after three weeks amid increased optimism that a technical agreement between the government and the institutions is within reach.
Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
Greek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday.