Economy
No final word on pension cuts as lenders prepare for return to Athens next week
Ahead of the institutions returning to Athens next week for their first post-programme visit, the Greek government has been given some encouragement in its bid to avoid the pension cuts that are due to be implemented next year.
Manufacturing PMI climbs to 53.9 pts in August, outlook remains positive
Greece’s Manufacturing PMI edged up to 53.9 points in August from 53.5 in July, staying over the 50-mark threshold for 15 straight months as confidence in the sector remains solid.
GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
Greece’s seasonally adjusted (SA) GDP grew by 0.2 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2018, after an upwardly revised increase of 0.9 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Monday.
Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
Piraeus Bank’s second quarter (Q2) results showed that net profits from continued operations came to 24 million, recovering from a loss of 80 million euros in Q1.
NBG remains profitable in Q2 with net results of 21 mln
National Bank of Greece (NBG) reported a net profit of 21 million euros from continued operations in the second quarter (Q2), very slightly improving on net profits of 20 million in Q1.
Aegean Airlines net loss falls to 13.8 mln in H1
Aegean Airlines’ revenues rose by 1 percent in the first half (H1) of 2018 while losses eased by 31 percent.
Motor Oil Hellas’ group turnover up 18.1 pct in H1
Motor Oil Hellas’ financial results for the first half (H1) of 2018 show that group turnover increased by 18.1 percent compared to the same time last year.
Hellenic Petroleum net profits rise 34 pct in H1
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first half (H1) of the year showed that the group’s sales rose by 15 percent during the first six months.
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
Eurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared to profits of 34.5 million in the previous quarter.
Retail turnover in June grows strongly led by fuel and supermarket sales
Greece’s retail sales index increased by 3.3 percent in June, following a revised downward 4.9 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.