Economy
ADMIE Holdings posts income of 29.3 mln, affiliate profits up to 60 mln in 9M
ADMIE Holding SA reported its results for the first nine months (9M) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 29.3 million. Net profits came to 29.2 million euros, in line with forecasts.
GDP shows annual growth of 2.2 pct in Q3
Greece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2018, after an upwardly revised increase of 0.4 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Tuesday.
Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform
The Greek government wasted no time following the conclusion of the Eurogroup on Tuesday, as it submitted to Parliament draft legislation that will lead to the pension cuts that had been lined up for next year being cancelled.
Overdue social security contributions rise to 34.35 bln in Q3
The stock of unpaid social security contributions (SSCs) increased to 34.35 billion in the third quarter (Q3) of 2018, rising by 495 million compared to the figure of 33.86 billion euros registered in the second quarter (Q2) of 2018, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PMI picks up to 54 in November while production rises to eight-month high
Greece’s manufacturing PMI picked up to 54 points in November from 53.1 in October, staying over the 50-mark threshold for a full year and a half.
After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
Greece is not expected to feature prominently at Monday’s Eurogroup but eurozone finance ministers are expected to give the 2019 budget the final green light and urge Athens to quickly shift its attention to the 16 post-programme actions that have to be completed by February.
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
Piraeus Bank’s third quarter (Q3) results showed that net profits from continued operations came to 94 million euros, picking up from profits of 24 million in the previous quarter.
Retail turnover increases by 4.9 pct in September, volume rises 3.3 pct
Greece’s retail sales index increased by 4.9 percent in September after an upward revision to 5.2 percent for August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
New overdue taxes jump by 1.4 bln in Sept, with total stock exceeding 104 bln
The month-on-month rise in Greece's new tax debt came to 1.42 billion in September, jumping from August’s increase of 849 million, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday.
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
National Bank of Greece (NBG) reported a net profit of 8 million euros from continued operations in the third quarter (Q3), declining from the figure of 21 million posted in Q2.