Economy
HFSF records losses of 1.2 bln in 9-month amid revaluation losses from bank holdings
The Hellenic Financial Stability Fund (HFSF) posted net losses of 1.25 billion euros in the 9-month period of 2016 from 8.89 billion a year ago, its interim financial report showed on Friday.
Athens settles pension handout row, looks for review progress
Eurogroup President Jeroen Dijsselbloem concluded on December 24 that “the way has been cleared for the European Stability Mechanism (ESM) to go ahead with the decision-making procedures” for the implementation of short-term debt relief measures after Greek Finance Minister Euclid Tsakalotos sent a letter to the institutions providing assurances regarding primary surplus targets and the distribution of any excess.
Greek stocks drop 1.5 pct during week amid subdued trading activity
The Greek stock market traded mostly in negative territory, closing 1.5 percent down on the week amid soft trading volumes.
Travel receipts up by 14.2 pct in Oct but 10-month figure drops 4.2 pct
Greece's travel receipts continued heading north in October, when a 14.2 percent increase followed a rise of 2.3 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Current account balance turns to deficit of 198 mln in Oct
Greece’s current account (C/A) balance turned to a deficit of 198.4 million euros in October 2016 from surplus of 264.8 million in the corresponding period last year, Bank of Greece (BoG) figures showed on Wednesday.
PPC profits rise but turnover falls in Q3 2016
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim 9-month 2016 financial statement showing that turnover fell by 9.2 percent, standing at 4.04 billion euros for the period in 2016 versus the same time in 2015 (4.45 billion euros).
Review delay brings Greek liquidity needs back into focus
Apart from creating increasing risks to the strong economic recovery anticipated in 2017, the delay in the conclusion of the second programme review also brought to the forefront the issue of Greece’s liquidity needs to cover its debt redemptions.
Industrial turnover on downward trend again after 2.8 pct drop in Oct
Greece’s Turnover Index in Industry fell by 2.8 percent in October after an upward revised increase of 9.9 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
The significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday.
Primary cash surplus to Nov at 3.6 bln, including arrears repayment of 3.4 bln
Greece’s central government primary cash surplus dropped to 3.58 billion euros in the 11-month period of 2016 from 4.48 billion in the corresponding period last year ago, Bank of Greece (BoG) figures showed on Monday.