Economy
Industrial production grows by 1.2 pct in June and rises by 0.5 pct in first half of the year
Greece’s Industrial Production Index (IPI) rose by 1.2 percent in June after May’s growth was revised up to 1.7 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
OTE revenues edge up by 0.7 pct to 1.89 bln in H1
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the first half (H1) of the year increased by 0.7 percent to 1.89 billion euros. The figure for the relevant period last year stood at 1.87 billion.
Coca Cola reports net profit increase of 13.2 percent in H1
Coca-Cola HBC’s first-half (H1) 2018 results show that net sales revenue edged up by 0.5 percent compared to the same period last year.
Eurosystem funding down by 3.29 bln to 13.02 bln in July
Greek banks’ Eurosystem funding declined by 3.29 billion month-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed.
Athens taking more time to consider 2019 measures ahead of budget talks
Apart from its effect on the government’s cohesion and political outlook, the recent wildfire on the outskirts of Athens is also having an impact on the preparations for next year’s budget.
Trade deficit up by 30.9 pct in June as imports grow faster than exports
Greece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
ESM releases final tranche of third bailout, boosting cash buffer ahead of exit
The European Stability Mechanism confirmed on Monday that it has made the fifth and final disbursement of the third programme, marking the penultimate step in the MoU era for Greece.
General govt primary cash surplus at 1.45 bln in June as expenditure picks up
Greece’s general government (gg) primary cash surplus came to 1.45 billion euros in the first six months of the year, down by 1.15 billion euros compared to the first half of 2017, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Last bailout tranche just days away as pension discussion looms
All the hurdles have been cleared for Greece to receive the last tranche of the third and final bailout as focus shifts to the discussions that Athens is due to have with the institutions in the coming weeks, particularly on the issue of next year’s pension cuts.
Banks try to build on growing confidence
With the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.