Economy
HFSF executive board members resign
The Hellenic Financial Stability Fund (HFSF) said on Wednesday that all three of its executive board members - Aris Xenofos, CEO, George Koutsos, Deputy CEO and Anastasios Gagales, member - have resigned.
Minor changes in Greek deposit and lending interest rates in May
Greek households’ new time deposit rate slightly eased for the fifth straight month in May, when they fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG) data displayed on Tuesday.
Tsakalotos confident on meeting fiscal targets, sees capital controls being gradually relaxed
In an interview with state broadcaster ERT on Monday night, Greek Finance Minister Euclid Tsakalotos appeared confident this year’s primary surplus target (0.5 percent of GDP) will be met and the fiscal brake would not be triggered next year or in the coming years.
Marinopoulos travails point to wider difficulties for supermarket sector
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It’s been a dramatic days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temporary respite on Friday.
Marinopoulos granted temporary protection from creditors, Jetoil runs into problems
A court in Athens accepted on Friday evening a request by Marinopoulos, Greece’s largest supermarket chain, for protection from its creditors.
Greek stocks rebound 1.9 pct during week but fail to match European markets
The Greek stock market advanced 1.9 percent this week after the sharp losses of 8.8 percent recorded last week following the outcome of the UK referendum, which caused turmoil in the global markets.
PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
Greece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday.
Piraeus port law amended, resolving dispute with COSCO over privatisation deal
Greece has resolved its momentary dispute with Chinese giant COSCO over the legislation linked to the privatisation of the Piraeus Port Authority (OLP).
Retail sales down 3.9 pct in April for eleventh successive month
The turnover of Greece’s retail trade index fell by 3.9 percent in April marginally slower than the revised 4 percent drop in March, Hellenic Statistical Agency (ELSTAT) figures displayed on Thursday.
Economic sentiment stable at 89.7 pts in June, consumer confidence rises again
Greece’s economic sentiment (ESI) remained stable at 89.7 in June, the European Commission (EC) figures displayed on Wednesday.