Economy
Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
Greece’s retail sales index increased by 0.2 percent in December following a rise of 4.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Hellenic Petroleum sales drop by 8 pct on poor international refining metrics
Greece’s largest oil refinery, Hellenic Petroleum’s annual results for 2019 showed that net sales fell by 8 percent across the year.
Sharp rise in M&A activities as 2019 proves record year
Mergers and acquisitions rose significantly in Greece in 2019 according to data collected by PricewaterhouseCoopers Greece (PWC), which points to improving investor and business appetite in the country.
Credit contraction unchanged at 0.6 pct in Jan, balance at 153.43 bln
Credit contraction in the Greek market came to 0.6 percent in January, unchanged from December, Bank of Greece (BoG) figures showed on Thursday.
Deposits drop by 2.16 bln in January
Net deposit movements in the Greek banking system were negative by 2.16 billion euros in January following positive flows of 3.65 billion in December, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment at 113.2 in Feb, strong improvement in services and retail
Greece’s economic sentiment (ESI) rose by 3.7 points in February to reach 113.2 points, European Commission (EC) figures showed on Thursday.
Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
As was widely anticipated, since it had been trailed by Economic Affairs Commissioner Paolo Gentiloni during his recent visit to Athens, Greece’s fifth post-programme review was successfully completed with a positive report published by the European Commission on Wednesday.
Hercules NPL reduction scheme receives first application from Eurobank
The Greek government’s Hercules scheme for reducing bad loans on the books of the country’s four systemic banks received its first application on Tuesday from Eurobank.
Ministry urges borrowers to apply for home protection before scheme expires
In an effort led by Finance Minister Christos Staikouras, the government is intensifying efforts to have as many borrowers covered before the current primary residence protection scheme expires on April 30.
EU main destination for exports in 2019, fuel and pharmaceuticals lead way
Greece enjoyed a record year for exports in absolute terms according to research released by the Panhellenic Exporters Association (PSA) combining data from the Hellenic Statistical Agency (ELSTAT).