Economy
Greece and lenders make headway on review but labour reforms remain biggest obstacle
After a three-day break, discussions between Greek ministers and the mission chiefs resumed on Sunday, when the key focus was on labour and fiscal issues.
Greek stocks climb 5 pct on week led by double-digit bank gains
The Greek equity market headed north for the second straight week recording gains of 5 percent, after a rise of 1.5 percent in the previous week. The upswing was mainly fuelled by banks, which soared 17.9 percent.
Central government debt drops to 323.7 bln in Q3 on bond repayments
Greece’s central government debt dropped by 4.63 billion euros quarter on quarter (QoQ) to 323.71 billion in Q3 from 328.34 billion in Q2, according to the Finance Ministry (MoF) debt bulletin.
Industrial turnover rises at accelerating pace of 9.4 pct in Sept
Greece’s Turnover Index in Industry increased at a sharper pace of 9.4 percent in September, after an upward revised growth of 2.1 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Talks on bailout review head for crucial weekend
After a temporary break on Thursday, when discussions between the Greek authorities and lenders continued at technical level, negotiations are expected to intensify over the weekend ahead of the tabling of the 2017 budget on Monday.
Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
Greece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday.
Greece, lenders inch forward after talks on settlement of tax and bank debt
Discussions between the Greek ministers and the institutions’ mission chiefs continued on Wednesday with the key focus on the out-of-court workout.
Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016 from 46.2 million in the previous quarter.
First day of review talks highlights differences as Athens eyes tight schedule
During the first day of meetings between the Greek authorities and the institutions’ mission chiefs on Tuesday the agenda included an overview, privatisations and labour market issues.
Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
Piraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous quarter.