Economy
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
Piraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net profit of 7 million euros seen in Q2.
Slight uptick for economic sentiment and consumer confidence in November
Greece’s economic sentiment (ESI) edged up by 0.1 points in November to 98.4 from 98.3 in October, yet remained below the 100-point mark it surpassed temporarily in September, European Commission (EC) figures revealed on Monday.
Athens, creditors on way to settling energy, labour issues in third review
Electronic auctions are due to begin on Wednesday, with the Greek government hoping that the process runs smoothly and that an agreement with the institutions can be secured by the end of the week.
OECD sees growth picking up, warns about society and financial sector
The Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year.
Deposit inflows of 1.04 bln in October for banks
Deposit flows in the Greek banking system showed positive inflows of 1.04 billion in October, reversing outflows of 47.2 million seen in September, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction deepens slightly to 0.9 pct in October
Credit contraction in the Greek market increased slightly by 0.9 percent in October, compared to a contraction of 0.8 percent in September, Bank of Greece (BoG) figures showed on Tuesday.
Hellenic Exchanges nine month results reveal 2.9 pct fall in turnover
Athens Stock Exchange’s (ATHEX) nine month results showed that group turnover fell by 2.9 percent year-on-year.
Institutions, Athens start new round of review talks as e-auctions get green light
Talks between the institutions and the Greek government are due to resume on Tuesday with hopes of a staff-level agreement (SLA) being reached by the end of the year growing after notaries decided to end their strike so that electronic auctions can start on Wednesday.
Office prices slip by 0.7 percent in first half of 2017
Office prices in Greece fell by 0.7 percent in the first half (H1) of 2017 compared to the same period last year, Bank of Greece (BoG) data showed on Monday.
Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
The budget primary balance was confirmed at a surplus of 5.33 billion euros in the first 10 months of 2017, up by 9.7 percent against last year’s figure of 4.86 billion euros, the Finance Ministry’s final budget execution bulletin showed on Friday.