Economy
Piraeus Port Authority gross profits up, revenues down in H1 2016
Piraeus Port Authority (PPA) H1 2016 results show that despite a total of 28 days of striking between May and June 2016, the company was able to more or less preserve its performance.
Greece slips five places to 86th in global competitiveness rankings
Greece’s saw its competitiveness drop five places to 86th in a list of 138 countries, according to the Global Competitiveness Report 2016-17 published by the World Economic Forum (WEF) on Wednesday.
New overdue taxes climb 1.4 bln in Aug, total stock edges up to 91.6 bln
Greece’s new tax debt climbed to 1.37 billion euros in August from 811 million in July, General Secretariat of Public Revenues (GSPR) data shows.
Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
Credit contraction in the Greek market slightly accelerated to 1.7 percent in August from 1.6 percent in the previous month, Bank of Greece (BoG) figures displayed on Friday.
Deposits grow by 1.3 bln in August, highest inflow in 2016
Deposit flow in the Greek market turned positive with inflows of 1.33 billion in August from outflows of 153 million in July, Bank of Greece (BoG) figures showed on Tuesday. The headline figure indicates the highest positive flow in the course of this year.
Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
Greece’s budget primary surplus slipped 1.2 percent to 3.75 billion euros in the 8-month period of 2016 from 3.8 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
Tight schedule to approve multi-bill, tick off remaining milestones
MPs are to begin debating on Monday the multi-bill containing draft legislation that will conclude some of the prior actions Greece has to wrap up to secure its next bailout sub-tranche of 2.8 billion euros.
HFSF records losses of 578 mln in Q1 on negative revaluation of bank holdings
The interim financial statements of the Hellenic Financial Stability Fund (HFSF) published on Friday afternoon showed net losses of 577.83 million euros in the first quarter (Q1) of 2016 from 4.97 billion a year ago.
Greek stocks rebound 2.6 pct during week as banks lead way
The Greek stock market rebounded by 2.6 percent this week, its first such rise for the last three weeks. Banks notably outperformed for the first time since early September.
After Article IV consultations IMF says challenges remain, substantial debt relief is needed
Following the completion of the IMF mission visit to Athens on the Article IV consultation, the fund published on Friday afternoon its concluding statement with the preliminary findings.