Economy
PMI at 50.5 in June, posting first growth in 10 months
Greece’s Manufacturing PMI rose by 0.9 points in June according to Markit, standing above the 50.0 point no-change threshold for the first time since August 2016.
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
The Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday, outlined a downwardly revised 2017 GDP forecast of 1.6 percent from 2.5 percent previously.
Mytilineos bond offering attracts strong investor interest and competitive yield
Greek industrial group Mytilineos Holdings this week successfully launched a bond issue which attracted strong interest. Most notable was an uptake of part of the issue by the European Bank for Reconstruction and Development (EBRD).
April retail sales up by 4.6 pct, volume rises 3 pct
The turnover of Greece’s retail trade index rose by 4.6 percent in April, up from the downwardly revised figure of 0.1 percent in March, Hellenic Statistical Agency (ELSTAT) data showed on Friday
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.
Economic sentiment rises by 0.8 pts in June, consumer confidence improves
Greece’s economic sentiment (ESI) improved slightly by 0.8 points in June after declining by by 1.7 points in May, European Commission (EC) figures showed on Thursday.
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday.
Deposit flow in positive territory at 638 mln in May
The deposit flow in the Greek banking system turned positive in May, with inflows of 638 million following outflows of 139 million in April, Bank of Greece (BoG) figures showed on Wednesday.
PPC reports loss of 67.5 mln in Q1 2017
Greece’s majority state-owned Public Power Corporation’s Q1 financial report showed that turnover fell by 3.1 percent during the period, coming to 1.37 billion euros versus 1.41 billion in Q1 2016.
Compliance report looks at programme financing, arrears clearance and 2016 performance
The second review's compliance report provided an update on the programme's financing by the end of August 2018 as well as on arrears’ clearance, while also commenting on the fiscal performance in 2016.