Economy
Viohalco’s H1 revenues rise, profits hit by metal prices
Net results showed profits of roughly 462,000 euros, dropping notably from profits of 37.7 million in H1 2018.
Deposits rise by 1.02 bln in August
Net deposit movement in the Greek banking system stayed positive by 1.02 billion euros in August following an increase of 1.60 billion euros in July, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction stays at 0.1 pct in August, balance at 159.90 bln
Credit contraction in the Greek market stayed at 0.1 percent in August, unchanged from July, Bank of Greece (BoG) figures showed on Wednesday.
Fourth review talks conclude with fiscal differences remaining
The talks between the Greek authorities and the heads of institutions concluded on Wednesday as the fourth post-programme moves on to the next stage.
Budget primary surplus confirmed at 2.91 bln in August
The budget primary balance recorded a surplus of 2.91 billion euros in the first eight months of 2019, compared to a surplus of 1.12 billion noted in August 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Wednesday.
Second day of review yields progress, work needed on fiscal front
The Greek authorities and the heads of the institutions completed the second day of talks in Athens that left fiscal issues for 2020 still open, although it was not anticipated that the matter would have been settled on this trip, ahead of the draft budget that is due to be tabled to Parliament on October 7.
PPC posts pre-tax loss of 274.8 mln in H1
The Public Power Corporation’s (PPC) results for the first half (H1) of the year showed that turnover from continued operations increased by 4.3 percent during the first six months of the year.
Fiscal issues dominate talks as fourth post-programme review ensues
The first round of discussions between the Greek authorities and the institutions was held on Monday and appears to have yielded the first areas of common ground, and revealed areas that have some way to go still.
Calls for measures to lessen impact of Thomas Cook collapse in Greece
The collapse of British travel firm Thomas Cook on Monday left around 50,000 tourists stranded in Greece, mainly on the country’s islands.
Travel balance up by 9.6 pct in July, German visitors continue to fall
Greece’s travel balance rose to 3.40 billion euros in July from 3.10 billion a year ago, Bank of Greece (BoG) data has shown. This equates to an increase of 9.6 percent year-on-year (YoY).