Economy
Primary cash surplus at 6.34 bln in Feb as expenditure, interest payments fall
Greece’s central government primary cash surplus recorded a surplus of 6.34 billion euros in February, Bank of Greece (BoG) figures showed on Monday.
Finance Ministry waits for new property values as talk of bad bank gathers pace
The government is hoping to move closer to the completion of a key prior action this week, when evaluators submit the results of their work on the new “objective” property values that will be used by the Finance Ministry to calculate this year’s ENFIA real estate tax.
Aegean Airlines posts net profits of 60.4 mln in 2017, up 87 pct
Aegean Airlines’ full year financial results for 2017 reported a rise of 11 percent in revenue compared to the previous year.
Athens under intense pressure over fourth review reforms
Although there has been progress regarding property auctions over the last few days, the Greek government is under intense pressure to move forward with the 88 prior actions included in the fourth review so the programme can be wrapped up on time.
Turnover in services sector shows improvements in Q4 2017
Turnover indices for the services sector recorded improvements in the fourth quarter (Q4) of 2017, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Unemployment rate falls to 21.5 pct in 2017 despite increase in Q4
The Greek non-seasonally-adjusted unemployment rate rose to 21.2 percent in the fourth quarter (Q4) of 2017, rising against the figure for Q3 of 20.2 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Strong interest as Greece issues first 52-week T-Bill in almost eight years
Greece took another step on Wednesday towards restoring its relationship with the markets and building its yield curve by issuing a 52-week treasury bill for the first time since April 2010.
Budget primary surplus at 2.75 bln in Feb on increased revenues, lower expenditure
The budget primary balance recorded 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) preliminary budget execution bulletin showed on Wednesday.
IFRS 9 provisions required by banks in line with expectations
Another box was ticked this week in the process that began last month, when the European Banking Authority officially launched the stress tests for Greek banks, which are due to be completed in May.
Motor Oil Hellas posts net profit increase of 5.7 pct in 2017
Motor Oil Hellas’ full-year financial results for 2017 show that revenues increased by 23.4 percent compared to 2016.