Economy
Piraeus Bank posts net loss of 80 mln in Q1
Piraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a loss of 80 million euros compared to a net profit of 12 million in Q4 2017.
Eurosystem funding decline picks up pace to 3.26 bln in April
Greek banks’ Eurosystem funding fell notably by 3.26 billion euros in April, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Ministers urged to speed up reforms as Athens prepares for lenders to return
Prime Minister Alexis Tsipras is making a fresh push so his government can progress enough with the fourth review prior actions so there can be a staff-level agreement on May 24, when eurozone finance ministers are due to meet.
Car sales increase by 29.3 pct in April and by 32.2 pct in four-month period
Road motor vehicles going into circulation for the first time rose by 29.3 percent in April, increasing against March’s figure of 23.9 percent, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Industrial production rises by 1.1 pct in March
Greece’s Industrial Production Index (IPI) rose by 1.1 percent in March after a revised decline of 1.9 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
CPI remains unchanged in April
Greece’s Consumer Price Index (CPI) remained unchanged in April after a decline in prices of 0.2 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Marginal increase to 20.8 pct for Feb unemployment rate
Greece’s seasonally adjusted (SA) unemployment rate in February was 20.8 percent, edging up slightly from the upward revised figure of 20.7 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Coca Cola HBC sales revenues down by 1.7 pct in Q1
Coca-Cola HBC’s first quarter (Q1) results show that net revenues fell by 1.7 percent on a reported basis in the three-month period.
Athens struggles with civil service evaluation, reduction of arrears
The Greek government has its hands full at the moment with the effort to complete as many prior actions as possible from the fourth review so there can be a staff-level agreement by the May 24 Eurogroup.
Hirings balance hits record high of 100,246 in April
The employment balance showed a strong improvement in April as hirings outpaced departures by 100,246, data from the Labour Ministry’s Ergani information system revealed.