Economy
GDP growth slows in Q3 amid lower 2017 forecasts
Greece’s seasonally adjusted (SA) GDP grew by 0.3 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2017 after an upwards revised increase of 0.8 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.
After reaching SLA, Athens focuses on prior actions and next bond issue
The Greek government and the institutions reached a staff-level agreement (SLA) on Saturday, as had widely been expected, leaving Athens close to concluding the third review.
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017, attributable entirely from profits originating from continued operations.
November PMI at 52.2 as new business growth hits 45-month high, hirings reach 18-year peak
Greece’s Manufacturing PMI marginally increased by 0.1 points in November to 52.2, with the index remaining above the 50-mark threshold for the sixth consecutive month.
Athens hopeful of clinching SLA after progress in creditor talks
Greece and its lenders appear close to reaching a Staff Level Agreement (SLA) this week after talks appeared to progress on Thursday, with the two sides said to have agreed on next year’s projected fiscal overperformance.
GEK Terna's nine-month net profits rise by 70.5 percent
Greek construction and energy group GEK Terna’s results for the first nine months of the year showed that group turnover increased by 3.3 percent.
Retail sales drop by 0.7 pct in September after upward revision for August
Greece’s retail sales fell by 0.7 percent year-on-year in September after upwardly revised growth of 0.4 percent in August, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday.
E-auctions get underway as draft SLA is prepared
Electronic auctions made a successful, albeit brief, debut on Wednesday, boosting hopes that Greece and its lenders will conclude a Staff-Level Agreement (SLA) this week and pave the way for the completion of the third review in January.
Lamda Development net results show 22 mln loss in 9M
Property developer Lamda Development has reported a 21.4 percent rise in revenue for the first nine months of 2017.
High participation rate helps bond swap tick box
Greece’s Public Debt Management Agency (PDMA) announced on Wednesday that is on the verge of completing successfully the debt management exercise that it initiated on November 15.