Economy
Bailout review to continue in Athens, lenders identify key tasks ahead
The Eurogroup held in Brussels on Monday concluded that the institutions’ mission chiefs will return to Athens as soon as Tuesday to resume discussions on the ground with the aim of a swift conclusion of the first programme review by Easter.
Car sales down 17 percent in February
After rising in the preceding three months, the number of road motor vehicles (going into circulation for the first time) fell by 17 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Greece’s central government debt grew for the third successive quarter in Q4 of 2015 by 6.78 billion euros to 321.33 billion from 314.55 in Q3, according to the Finance Ministry (MoF) debt bulletin.
Greek stocks surge 9 pct, up for third successive week
The Greek equity market headed north for the third straight week soaring by 9 percent on the back of a 5.5 percent rise last week.
General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
Greece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros in January 2016 from 381 million last year, according to the Finance Ministry (MoF) gg bulletin published on Thursday.
Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
Following Eurobank, Alpha also reported net loss of 533.1 million euros in the fourth quarter (Q4) of 2015 from profit of 413.6 million in Q3.
Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3.
Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
The Eurogroup Working Group held on Monday failed to narrow the differences on the fiscal gap foreseen by the Greek authorities, the European institutions and the IMF.
Time deposit rate almost flat in Jan, average loan rate falls 12 bps
Greek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday.
Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
Greek banks’ Eurosystem funding fell for the seventh successive month, albeit at a slower pace, in January, when it declined by 1.42 billion following a drop of 5.89 billion in December, the Bank of Greece's (BoG) monthly financial statement displayed on Tuesday.