Economy
Retails sales up by 5.1 pct in Mar after three-month slump
Greece’s retail sales index jumped by 5.1 percent in March, following a 2.3 percent drop in February according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
Eurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing a year-on-year (YoY) decline of 42.9 percent versus net profits of 34.5 million euros in Q1 2018.
Lamda Development EBITDA up 3.7 pct in Q1
Property developer Lamda Development has reported a 3.7 percent rise in EBITDA in the first quarter (Q1) of 2019 to 14.1 million euros.
Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
Alpha Bank reported net profits of 27.5 million euros for the first quarter (Q1) of 2019, improving on the net loss of 1 million euros noted in Q4 2018.
PBO sees fiscal target being reached despite expansionary measures
In its quarterly report published on Wednesday, Parliament’s Budget Office (PBO) does not share the concerns of the country’s lenders about the impact of the latest expansionary measures on fiscal targets.
Credit contraction falls to 0.1 pct in April, balance at 161.82 bln
Credit contraction in the Greek market edged down to 0.1 percent in April from 0.6 percent in March, Bank of Greece (BoG) figures showed on Tuesday.
Motor Oil net profits jump to 106.3 mln in Q1
Motor Oil Hellas’ financial statement has shown that the group’s revenues increased by 6.9 percent to 2.20 billion euros in the first quarter (Q1) of the year.
Deposits up by 1.54 bln in April, rising for second consecutive month
Net deposit movement in the Greek banking system turned positive by 1.54 billion in April after inflows of 1.22 billion euros in March, Bank of Greece (BoG) figures revealed.
Economic sentiment shows slight rise to 100.8 in May
Greece’s economic sentiment (ESI) edged up by +0.3 points in May to 100.8 points, European Commission (EC) figures revealed on Tuesday.
Primary surplus target still on lenders' agenda despite snap elections
There have been reports that the European Commission might not publish its third enhanced surveillance report next week, but it is certain that the issue of meeting this year’s fiscal targets will not disappear for the current Greek government or its successor.