Economy
New round of cuts in supplementary pensions
The Unified Auxiliary Insurance Fund (ETEA) confirmed on Wednesday that 230-240,000 supplementary pensions, around 20 percent of the total number of 1.24 million, will be downward adjusted.
Stable rate in time deposits, corporate loan rates pick up in July
Greek households’ new time deposit rate was kept stable at 0.86 percent in July, Bank of Greece (BoG) data showed on Thursday.
PMI picks up to 50.4 in August, new orders grow for first time in two years
Greece’s Manufacturing PMI resumed above the 50-point mark edging up to 50.4 in August after falling to 48.7 in July, Markit survey showed on Thursday.
Viohalco subsidiaries post losses in H1 2016
Industrial giant Viohalco has released its H1 2016 financial results, outlining the group’s performance during a challenging year for commodities.
One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
National Bank of Greece (NBG) recorded net losses of 3.06 billion in the second quarter (Q2) of 2016, fully attributed to a one-off loss of 3.1 billion involving the recycling of losses related to Finansbank that were previously recognised in other comprehensive income as well as in equity and capital.
Eurobank remains profitable with net profits of 46.2 mln in Q2
Eurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2 million in the second quarter (Q2) of 2016 from 60.2 million in the previous quarter.
Retail sales drop for thirteenth straight month by 5.2 pct in June
The turnover of Greece’s retail trade index continued heading south unabated, albeit at a slower pace of 5.2 percent in June from a revised drop of 7.9 percent in May, Hellenic Statistical Agency (ELSTAT) figures showed on Wednesday.
New tax rate hits OPAP H1 2016 profits
The Greek Organisation of Football Prognostics (OPAP), Greece’s leading game operator and Europe’s largest betting firm, has released its H1 2016 financial statement showing that gross gaming revenue fell by 2.6 percent to 678.8 million euros. It was 697.1 million euros during the same period last year.
Lamda Development H1 net profits at 1.5 mln
Property developer Lamda Development’s H1 2016 results, released on Tuesday, show that the EBITDA of the group’s three shopping malls posted an increase of 8 percent, reaching 21.5 million euros during the first six months of 2016.
Alpha Bank reports net losses of 16.8 mln in Q2
Alpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million in the previous quarter.