Economy
Greece, lenders inch forward after talks on settlement of tax and bank debt
Discussions between the Greek ministers and the institutions’ mission chiefs continued on Wednesday with the key focus on the out-of-court workout.
Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016 from 46.2 million in the previous quarter.
First day of review talks highlights differences as Athens eyes tight schedule
During the first day of meetings between the Greek authorities and the institutions’ mission chiefs on Tuesday the agenda included an overview, privatisations and labour market issues.
Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
Piraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous quarter.
New round of talks on second review begin with labour reforms high on agenda
The second round of discussions between the Greek government and the institutions’ mission chiefs as part of the second programme review is due to begin on Tuesday with three meetings, according to Finance Ministry sources.
Budget primary surplus to Oct hits 6.5 bln as revenues deliver again
Greece’s budget primary surplus surged 43.4 percent to 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
Building activity rebounds 16.6 pct in Aug, largely due to low base effect
Greek building permits rose for the second straight month in August, albeit at a decelerating pace of 16.6 percent, after a stronger increase of 35.4 percent in July, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
The Greek seasonally adjusted (SA) GDP at constant prices rose by 0.5 percent quarter on quarter (QoQ) in the third quarter (Q3) of 2016, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Monday.
Grivalia Properties 9-month net profits continue to slump
Grivalia Properties’ financial report for the 9-month period ending September 30 shows that net profits came in at 19.0 million euros, a drop of 62 percent compared to the same period in 2015 (47.9 million euros).
Second review to resume in Athens under severe time pressure
The institutions’ mission chiefs are expected to return to Athens early this week to resume discussions with the Greek authorities on the second programme review.