Economy
GEK Terna's H1 net profits hit by stagnant construction sector
Greek construction and energy group GEK Terna’s results for the first half (H1) of 2018 showed that sales increased by 13 percent compared to the same time last year.
Retail turnover in July up by 4 pct as volume rises 2.5 pct
Greece’s retail sales index increased by 4 percent in July after June’s figure was slightly revised down to 3.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
Greece’s Finance Ministry (MoF) announced late on Thursday that further relaxations were being applied to the capital controls imposed in the summer of 2015 as the government pushes to abolish them completely in the coming months.
Viohalco’s H1 revenues rise, profits static
Industrial giant Viohalco’s results for the first half (H1) of the year showed that revenues rose by 19 percent.
Deposit inflows reach 1.30 bln in August on increased sight deposits
Net deposit movement in the Greek banking system strengthened in August with inflows of 1.30 billion from 840.6 million in July, Bank of Greece (BoG) figures revealed on Thursday.
Athens prepares 2019 draft budget amid pension cuts dilemma
The Greek government is set to take the next step in its efforts to call off next year’s pension cuts, when it submits the draft 2019 budget but finds itself in a delicate balancing act between domestic political pressures and the creditors’ concerns.
Credit contraction stays at 1.5 pct in August, balance reaches 177.44 bln
Credit contraction in the Greek market came to 1.5 percent in August, unchanged from July, Bank of Greece (BoG) figures showed on Thursday.
Economic sentiment drops in September to 101.3, consumer confidence picks up
Greece’s economic sentiment (ESI) fell by 3.9 points to 101.3 in September compared to 105.2 in August, European Commission (EC) figures revealed on Thursday.
Piraeus Port Authority posts net profits of 13.3 mln in H1
Piraeus Port Authority’s (PPA) results for the first half (H1) of the year show that revenues rose by 12.6 percent during the period.
Moody's explains cautious approach to Greek credit rating upgrade
Contrary to the expectations that it might upgrade Greece’s credit rating during a scheduled update last week, Moody’s announced that it would not make any change, keeping the country at B3 and the outlook positive.