Economy
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Fitch on Friday became the latest agency to upgrade Greece’s long-term credit rating, raising it to B- from CCC with a positive outlook.
Primary cash balance posts deficit of 46 mln at end of July
Greece’s central government primary cash balance stood at a deficit of 46 million euros in the first seven months of 2017 from a surplus of 2.38 billion last year, Bank of Greece (BoG) data revealed on Friday.
Industrial turnover up by 8.1 pct in June for eighth consecutive rise
Greece’s Turnover Index in Industry rose by 8.1 percent in June after upwardly revised growth of 19.7 percent in May, ELSTAT data showed on Friday.
Budget primary surplus at 3.05 bln in 7-month, above target on underspend
The budget primary balance recorded a surplus of 3.05 billion euros in the first seven months of 2017, up by 12.4 percent from last year’s figure of 2.72 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
Grivalia Properties net profits rise to 28 million in H1
Grivalia Properties’ results for the first half (H1) of 2017 showed that net profits reached 28 million euros during the period versus 5 million for the same time last year.
Building activity up by 45.7 pct in May, highest since Dec 2005
Hellenic Statistical Authority (ELSTAT) data released on Friday showed that Greek building permits increased by 45.7 percent in May, comfortably reversing the decline of 0.9 percent noted in April.
Eurosystem funding drops by 3.9 bln in July on big decline in ELA
Greek banks’ Eurosystem funding fell for the 25th successive month in July when it declined by a further 3.89 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Unemployment at 21.7 pct in May after revised April figure
Greece’s seasonally adjusted (SA) unemployment edged down to 21.7 percent in May from an upwardly revised rate of 21.8 percent in April, the Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
Coca Cola HBC net profits up by 36.9 pct in H1 to 191 mln
Coca-Cola HBC’s first-half (H1) 2017 results show that net profits jumped by 36.9 percent to 191.6 million euros versus 140 million for the same period last year.
Mytilineos H1 2017 net profits increase to 80.7 mln
The industrial conglomerate Mytilineos S.A has released its half year (H1) 2017 reports which showed that turnover rose by 27.6 percent compared to the same time last year.