Economy
Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
Greece’s retail sales index increased by 1.2 percent in March 2018, following a decline by 0.4 percent year-on-year in February, according to data published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Eurobank net profits at 34.5 mln in Q1
Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017.
Almost 1 in 3 jobs in private sector are part-time, average full-time salary at 936 euros
The Unified Social Security Fund (EFKA), which has since last year seen all the main social insurance funds in Greece come under its umbrella, released on Wednesday its latest employment data.
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
Piraeus Bank has agreed the sale of a corporate NPE portfolio worth 1.95 billion euros as part of its ongoing strategy to reduce the volume of bad loans on its books.
Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
Greece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday.
Two weeks left for Athens to settle last remaining prior actions
Thursday, June 14, is widely seen as the date by which the Greek government needs to have completed any legislative work related to the fourth review so that the lenders can reach an agreement on the remaining issues by the time the Eurogroup takes place a year later.
Deposits stay positive with 870.1 mln inflow in April
Net deposit movement in the Greek banking system remained positive and showed inflows of 870.1 million in April compared to inflows of 1.14 billion in March, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln
Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday.
Grivalia Properties net profits at 10.3 mln in Q1, down 12.3 pct
Grivalia Properties’ results for the first quarter (Q1) of 2018 showed that revenues rose by 9.9 percent to 17.6 million euros compared to 13.9 million for the same period a year ago.
High expectations and landmarks on road to privatisations in 2018
Greece’s privatisation programme is a key component in the institutions and the Greek authorities’ growth projections as the asset development programme which includes direct sales, concessions, securitisations and other forms of monetisation is expected to contribute to boosting private investment.