Economy
Government and banks reach deal over new scheme to protect main homes
The government and Greece’s bankers appear to have reached an agreement on the framework to protect primary residences from foreclosure when the extension to the Katseli law runs out at the end of February.
CPI rises by 0.4 pct in January
Greece’s Consumer Price Index (CPI) rose by 0.4 percent in January compared to a rise of 0.6 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Athens prepares new primary residences proposal after finding common ground with banks
The Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.
Coca Cola full-year results show net profits grew by 5 pct
Coca-Cola HBC’s results for the full year of 2018 showed that net sales revenue rose by 2.1 percent.
Bank of Greece outlines challenges to SME funding, gaps in knowledge
The Bank of Greece (BoG)’s December 2018 economic bulletin laid out some of the funding challenges faced by Greek SMEs from 2014 to 2017.
Building permits rise by 18 pct in Nov, beat 2017 figure in aggregate period
Building permits rose by 18 percent year-on-year (YoY) in November, dropping from a rise of 23.8 percent noted in October, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Banks and government inching towards new framework to protect primary homes
Talks between banks and the Greek government on the primary residence protection framework are due to continue this week, with the latter being left under no illusions by its European lenders that it will have to move quickly on this and a number of other issues over the next few weeks if the March 11 Eurogroup is to give the green light for further debt relief measures.
Grivalia Properties' net profits drop by 18.3 pct in 2018
Grivalia Properties’ results for 2018 showed that revenues increased by 11 percent during the period, though net profits landed on a negative balance.
Primary residences and lignite units top agenda ahead of Eurogroup
Although Greece is not on the agenda for Monday’s Eurogroup, the meeting will provide Finance Minister Euclid Tsakalotos with the chance to discuss with the country’s lenders a range of issues related to the post-bailout commitments the government has to complete.
Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
On Friday night, Fitch reaffirmed its ‘BB-‘ credit rating for Greece, keeping the outlook stable.