Economy
BoG reveals figures for repatriation and banknotes returning to banking system
In its annual report published on Friday, the Bank of Greece (BoG) provided more details on the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015.
Institutions back in Athens to resume review, agree new measures
After a stalemate of more than 2.5 months, discussions between the Greek government and the institutions’ mission chiefs are due to resume in Athens on Tuesday.
Economic sentiment and consumer confidence deteriorate in Feb
Greece’s economic sentiment (ESI) fell by 2.2 points in February after remaining stable in the previous month, the European Commission (EC) figures revealed on Monday.
Gucci and Greece’s lost photo opportunity
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Recently, the Greek authorities were approached by fashion house Gucci for permission to hold a runway event at the Parthenon. The Central Archaeological Council (KAS), which has the final say over such matters, rejected the request, saying that it was out of line with the monuments cultural character.
Fitch keeps Greece’s rating at ‘CCC’
Fitch affirmed Greece’s rating at ‘CCC’ in its scheduled rating review published on Friday evening. The rating agency’s baseline scenario is that an agreement will be reached between the Greek government and creditors.
Stocks edge up 0.9 pct, trading activity remains subdued for third straight week
The Greek equity market edged up for the second straight week by 0.9 percent. The initial gains of 2.5 percent in the first two sessions, also in the wake of Monday’s Eurogroup decision, were mitigated thereafter as investors became more concerned after an initial positive reaction.
Budget primary surplus at 1 bln in Jan as tax revenues outperform
The budget primary surplus was confirmed at 1.02 billion euros in the first month of 2017 broadly stable from last year, according to the Finance Ministry (MoF) final budget execution bulletin published on Friday.
BoG sees chance of normality returning if review concludes swiftly
In its annual report published on Friday, the Bank of Greece (BoG) called for a return to normality through the successful conclusion of the second programme review.
Hellenic Petroleum's EBITDA rises 88 pct in 2016
Greece’s largest oil refiner, Hellenic Petroleum’s full year results for 2016 show that for a second year running, the group achieved significantly high results, making up for losses posted in 2013 and 2014.
IMF comments, blog leave no doubt credible debt relief has to be agreed soon
Almost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog setting out the Fund’s perspective on dealing with sovereign debt.