Economy
Eurogroup sees possibility of swift review but differences on debt relief remain
There were words of encouragement for Greece regarding the swift conclusion of the second review at Monday’s Eurogroup but also mixed views on whether Athens can expect the detailing of anything more than short-term debt relief measures if the inspection is wrapped up by the next meeting of eurozone finance ministers on December 5.
Trade deficit falls 12.1 pct in Sept following export growth for first time since Apr 2015
Greece’s trade deficit narrowed by 12.1 percent in September after rising by 11.6 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
OECD proposes ways to improve competition, estimates positive economic impact at 414 mln
The Organisation for Economic Cooperation and Development (OECD) published on Monday its third assessment of Greece’s competition laws and regulations, identifying those that may hinder the competitive and efficient functioning of markets.
Deadlock at NBG over chairman appointment
While it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days regarding the appointment of a new chairman at National Bank (NBG).
Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
The Greek stock market continued its downswing falling by 2.5 percent this week after edging down 0.9 percent in the previous week. Although trading activity picked up from the extremely low levels of the previous week, it remained overall subdued.
Houliarakis provides clearest view so far on Athens's debt relief expectations
Alternate Finance Minister Giorgos Houliarakis made the current government’s clearest statement so far on what it expects in terms of debt relief and how it believes this could help the country in the future.
Revenues beat target for second straight month in Oct with 739 mln over-performance
Greek budget revenues beat their target comfortably for the second successive month in October, according to General Secretariat of Public Revenues (GSPR) figures provided by the Finance Ministry (MoF) on Thursday.
US market drives Titan Group’s Q3 results
Titan Group’s Q3 2016 results showed strong growth driven by the US market and the improvement of results in Egypt. Turnover for the period came to 400.4 million euros, an increase of 12.1 percent compared to the figure of 356.7 million euros in Q3 2015.
Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
Greek households’ new time deposit rate fell by 8 basis points (bps) to 0.79 percent in September, after remaining broadly flat in the previous three months, Bank of Greece (BoG) data showed on Thursday.
Coca Cola Q3 results continue downward trend
Coca-Cola HBC AG’s Q3 trading update shows that the company’s activities developed as expected during the quarter, following FX-impacted trends recorded in H1.