Economy
Piraeus enters agreement for sale of 2.2 bln loan portfolio
Piraeus Bank took another step towards reducing its pile of bad loans when it announced on Monday that it had entered into a binding agreement with APS Investments S.a.r.l. (APS) for the sale of a loan portfolio.
BoG Monetary Policy Report positive on programme end but advises caution for future targets
Bank of Greece (BoG) issued its annual Monetary Policy Report for 2017 – 2018 on Monday, in which it outlines the positive outlook from the completion of the third adjustment programme and the debt and surveillance decisions of the last Eurogroup.
PMI at 53.5 pts in June as Greek manufacturing sector finishes Q2 on a positive note
Greece’s Manufacturing PMI dropped by 0.7 points to 53.5 in June, staying over the 50-mark threshold for 13 straight months as confidence gradually strengthens.
New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
Greece’s new tax debt rose by 610 million in May, increasing slightly from April’s rise of 599 million, data from the Independent Authority of Public Revenues (IAPR) has shown.
IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
Following a week of meetings with the Greek authorities and relevant ministries in the context of the regular consultations under Article IV, the IMF staff issued on Friday their concluding statement of this year’s mission.
Retail sales up by 0.8 pct in April while volume rises by 1.3 pct
Greece’s retail sales index increased by 0.8 percent in April, slowing down from growth of 1.2 percent noted in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
IMF concludes Article IV consultation, prepares to publish DSA in July
The International Monetary Fund is due to wrap up its Article IV consultation meetings in Athens this week, but its debt sustainability analysis (DSA) will not be available for a few weeks yet.
Economic sentiment at 102.5 in June as improvement in subindexes slows
Greece’s economic sentiment (ESI) declined by 1.7 points in June and came to 102.5 versus the reading of 104.2 in May, European Commission (EC) figures revealed on Thursday.
Deposits positive for fourth month as May sees inflows of 919.4 mln
Net deposit movement in the Greek banking system remained positive with inflows of 919.4 million in May versus inflows of 870.1 million in April, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction unchanged at 1.9 pct in May, balance at 179.34 bln
Credit contraction in the Greek market remained at 1.9 percent in May, unchanged from April, according to Bank of Greece (BoG) figures released on Wednesday.