Economy
Eurosystem funding drops at sharper pace of 3.6 bln in Jan
Greek banks’ Eurosystem funding fell at an accelerating pace of 3.61 billion euros in January after a drop of 1.87 billion in December, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday.
PMI rebounds to 47.7 in Feb but shows deterioration for sixth straight month
Greece’s Manufacturing PMI improved by 1.1 points to 47.7 in February, after falling to a 16-month low of 46.6 in January, Markit’s survey showed on Wednesday.
Jumbo sees 12 percent profit rise in H1 2016
Greek household retail giant Jumbo has released its H1 results, showing that net profit increased by 12 percent in the first half of the current fiscal year, rising from 72.5 million euros in the same period last year to 81.4 million euros.
First day of talks highlights distance that needs to be covered
The new round of negotiations between the institutions’ mission chiefs and the Greek ministers began on Tuesday.
Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln
The rate of credit contraction in the Greek market accelerated to 1.6 percent in January after remaining stable in the previous months, Bank of Greece (BoG) figures showed on Tuesday.
Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
The Greek market recorded outflows of 1.53 billion euros in January after the seasonally high inflows of 2.8 billion in December, Bank of Greece (BoG) figures revealed on Tuesday.
Retail sales down by 1.3 pct in Dec for first drop since Aug
The turnover of Greece’s retail trade index fell by 1.3 percent in December after upward revised growth of 2.2 percent in November, Hellenic Statistical Agency (ELSTAT) data showed on Tuesday.
BoG reveals figures for repatriation and banknotes returning to banking system
In its annual report published on Friday, the Bank of Greece (BoG) provided more details on the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015.
Institutions back in Athens to resume review, agree new measures
After a stalemate of more than 2.5 months, discussions between the Greek government and the institutions’ mission chiefs are due to resume in Athens on Tuesday.
Economic sentiment and consumer confidence deteriorate in Feb
Greece’s economic sentiment (ESI) fell by 2.2 points in February after remaining stable in the previous month, the European Commission (EC) figures revealed on Monday.