Economy
New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln
Greece’s new unpaid taxes increased by another 1.22 billion euros in June, in line with the 1.25 billion rise recorded in May, General Secretariat of Public Revenues (GSPR) data displayed on Thursday.
Unemployment rate stable at 23.5 pct in May after upward revision for April
Greece’s seasonally adjusted (SA) unemployment rate remained stable at 23.5 percent in May after the April figure, initially reported at 23.3 percent, was increased to the same figure, the Hellenic Statistical Authority’s (ELSTAT) labour force survey showed on Thursday.
Finance Ministry says revenues beat revised target by 105 mln in July
In response to Wednesday’s press reports noting that net revenues in July fell short of their target by more than 500 million euros, the Finance Ministry (MoF) clarified via a non-paper that July revenues actually outperformed, but compared to a revised target.
Mytilineos Group H1 2016 turnover steady, profits down
The industrial conglomerate Mytilineos Group has released its H1 2016 financial report showing that the group managed to maintain steady growth in the face of a challenging domestic and international business environment, but did register some marginal losses compared to the same period last year.
Bank of Greece publishes revised Code of Conduct for management of NPLs
Bank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1 million euros).
S&P raises core Greek banks’ ratings, with a stable outlook
Standard & Poor’s raised on Tuesday evening the four core Greek banks’ ratings to ‘CCC+/C’ from ‘SD,’ with a stable outlook, in the wake of capital controls being relaxed.
Minor uptick in time deposit and average loan interest rate in June
Greek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from 0.85 percent in May, Bank of Greece (BoG) data showed on Tuesday.
PMI falls back into contraction territory in July, landing at 48.7 pts
Greece’s manufacturing sector returned to contraction territory in July, according to data released by Markit on Monday.
Grivalia Properties' H1 2016 net profits down 76 percent
Grivalia Properties’ H1 2016 results show that the group ended the first half of the year with revenue at 30.3 million euros versus 27.6 million euros for the same period last year, an increase of 10 percent.
HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls
The Hellenic Financial Stability Fund’s (HFSF) equity plummeted to 8.84 billion euros at the end of 2015 from 24.51 billion a year ago, according to its annual report, which was published on Friday.