Economy
S&P raises core Greek banks’ ratings, with a stable outlook
Standard & Poor’s raised on Tuesday evening the four core Greek banks’ ratings to ‘CCC+/C’ from ‘SD,’ with a stable outlook, in the wake of capital controls being relaxed.
Minor uptick in time deposit and average loan interest rate in June
Greek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from 0.85 percent in May, Bank of Greece (BoG) data showed on Tuesday.
PMI falls back into contraction territory in July, landing at 48.7 pts
Greece’s manufacturing sector returned to contraction territory in July, according to data released by Markit on Monday.
Grivalia Properties' H1 2016 net profits down 76 percent
Grivalia Properties’ H1 2016 results show that the group ended the first half of the year with revenue at 30.3 million euros versus 27.6 million euros for the same period last year, an increase of 10 percent.
HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls
The Hellenic Financial Stability Fund’s (HFSF) equity plummeted to 8.84 billion euros at the end of 2015 from 24.51 billion a year ago, according to its annual report, which was published on Friday.
Wages index up by 0.7 pct in Q1 for second straight increase
The seasonally adjusted (SA) Wages Index rose for the second successive quarter in Q1 of 2016, when it increased by 0.7 percent, slightly accelerating from the 0.4 percent jump recorded in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Greek stocks remain flat during week, banks underperform
The Greek equity market traded sideways amid muted sessions this week, ending flat compared to the previous week’s closing.
Decline in retail sales accelerates to 8 pct in May
Greece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday.
Titan Group: Turnover up, profits down for H1 2016
Titan Group’s H1 2016 results showed the company’s overall results had improved off the back of strong performance in their US operations as well as improved results generated in Egypt.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF’s independent evaluation office identifies mistakes and challenges in Greece’s first programme
The IMF published on Thursday afternoon a report on the key findings and lessons from the IMF’s engagement in the Irish and Portuguese programmes and the first Greek programme. The report, by the IMF’s Independent Evaluation Office (IEO), concludes with a number of recommendations on improving the IMF’s effectiveness in the future.