Economy
Hotel owners sound warning over Thomas Cook revenue losses
The head of the Hellenic Chamber of Hotels (HCH) on Tuesday presented data outlining the immediate impact of the collapse of Thomas Cook on the Greek hotel sector.
PMI at 53.6 points in September, employment slows
Greece’s manufacturing PMI edged down to 53.6 points in September from 54.9 points in August, according to the latest data from Markit PMI.
Retail turnover drops by 2.7 pct in July, volume falls by 3 pct
Greece’s retail sales index decreased by 2.7 percent in July, following an upward revised increase of 2.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Loans under credit servicing firms drop 0.7 pct QoQ to 17.45 bln
The Bank of Greece (BoG) released a new quarterly bulletin last week detailing statistics regarding the operations of Credit Servicing Firms (CSFs).
IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
The International Monetary Fund (IMF) concluded its consultations with the Greek authorities in the context of its Article IV mission with a statement issued on Friday afternoon in which its staff outline the challenges that the new administration will face.
Economic sentiment edges down to 107.2, consumer confidence continues to rise
Greece’s economic sentiment (ESI) dropped by 1.2 points in September to reach 107.2 points, European Commission (EC) figures showed on Friday.
Cenergy Holdings posts net profits of 4.3 mln
Cenergy Holdings financial results for the first half (H1) of the year show that the group’s revenue rose by 10 percent during the first six months of the year.
Viohalco’s H1 revenues rise, profits hit by metal prices
Net results showed profits of roughly 462,000 euros, dropping notably from profits of 37.7 million in H1 2018.
Deposits rise by 1.02 bln in August
Net deposit movement in the Greek banking system stayed positive by 1.02 billion euros in August following an increase of 1.60 billion euros in July, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction stays at 0.1 pct in August, balance at 159.90 bln
Credit contraction in the Greek market stayed at 0.1 percent in August, unchanged from July, Bank of Greece (BoG) figures showed on Wednesday.