Economy
Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
The government has indicated that it is looking for further cooperation from the banking sector to inject liquidity into the country’s business landscape.
Overall loan interest drops to series low of 4.06 pct in March
The overall weighted average interest rate on all new loans to households and non-financial corporations fell by 24 percentage points to 4.06 percent in March from 4.30 percent in February, data from the Bank of Greece (BoG) showed on Wednesday.
PMI crashed to 29.5 points in April during sharpest ever decline
Greece’s manufacturing PMI plummeted to 29.5 points in April from 42.5 points in March, according to the latest data from Markit PMI.
Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
The Greek Finance Ministry published on Sunday night the Stability Programme for 2020 that it submitted to the European Commission, providing the first official assessment of the economic impact the government expects to see from Covid 19 this year, as well as the notable recovery expected next year.
Ellaktor makes loss of 131.4 mln in 2019 after drop in construction sector revenues
The Ellaktor Group of Companies’ financial results for 2019 showed that revenues for the financial year came to 1.27 billion euros compared to 1.86 billion euros for the same time last year, dropping by 31.4 percent.
Jumbo sees net profits rise 14.9 pct in 2019, but warns of difficult year ahead
Greek retailer Jumbo posted its financial results for the operating year of 2019, showing that turnover increased by 7.5 percent.
Retail turnover increases by 4.7 pct in February, volume up by 3.5 pct
Greece’s retail sales index increased by 4.7 percent in February following a rise of 7.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Deposits rise by 2.85 bln in March
Net deposit movements in the Greek banking system were positive by 2.85 billion euros in March, rising from inflows of 1.06 billion in February, Bank of Greece (BoG) figures revealed on Wednesday.
Credit growth at 0.1 pct in March, positive for first time since 2011
Credit movement in the Greek market came to 0.1 percent in March, improving from a contraction of 0.8 percent noted in February, Bank of Greece (BoG) figures showed on Wednesday.
Economic sentiment, consumer confidence plummet in April as construction takes worse hit
Greece’s economic sentiment (ESI) fell by 10.1 points month-on-month in April to reach 99.3 points, European Commission (EC) figures showed on Monday.