Economy
Eurobank sells NPL package in attempt to reduce bad debt pile
Eurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion euros in their balance sheets.
Unemployment falls to 21 pct in July, lowest since Nov 2011
Greece’s seasonally adjusted (SA) unemployment fell to 21 percent in July after an upwardly revised figure of 21.3 percent in June, the Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
Draft budget highlights taxpayer fatigue, creates policy mix doubts
The draft 2018 budget submitted to Parliament on Monday is the first formal confirmation by the Finance Ministry that revenues figures are starting to reveal signs of fatigue among taxpayers.
General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
Greece’s general government (gg) primary cash surplus rose by 509 million euros from the previous year to 4.51 billion in the first eight months of 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
Athens outlines 2018 debt management plan for post-bailout era
In the draft 2018 budget submitted to Parliament on Monday, the Greek government outlined parts of its strategy for debt management next year and in the post-programme era.
Energy conference highlights path and obstacles to European energy integration
The second annual “Athens Conference of European Energy Law” took place on Friday at the Athens Chamber of Commerce and Industry.
Draft budget sees stronger growth, fiscal targets being met
The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
GEK Terna’s H1 net profits rise by 48.3 pct
Greek construction and energy group GEK Terna’s results for the first half (H1) of 2017 showed that sales increased by 4.1 percent compared to the same time last year.
Viohalco’s H1 profits jump to 29.7 million
Industrial giant Viohalco’s results for the first half (H1) of the year show that revenues rose by 21 percent compared to the same period last year.
PMI rises to 52.8 in Sept, highest since June 2008
Greece’s Manufacturing PMI increased by 0.6 points in September to stand at 52.8, up from August’s figure of 52.2.