Economy
Athens looks to overcome APS snags as it awaits green light from Brussels
Finance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks on Thursday as the government appears to be stepping up its efforts to secure approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile of NPLs on their balance sheets.
Overall loan interest rate edges up to 4.68 pct in August
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.68 percent in August, up 11 basis points (bps) from the rate of 4.57 noted in July, data from the Bank of Greece (BoG) showed on Wednesday.
Hotel owners sound warning over Thomas Cook revenue losses
The head of the Hellenic Chamber of Hotels (HCH) on Tuesday presented data outlining the immediate impact of the collapse of Thomas Cook on the Greek hotel sector.
PMI at 53.6 points in September, employment slows
Greece’s manufacturing PMI edged down to 53.6 points in September from 54.9 points in August, according to the latest data from Markit PMI.
Retail turnover drops by 2.7 pct in July, volume falls by 3 pct
Greece’s retail sales index decreased by 2.7 percent in July, following an upward revised increase of 2.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Loans under credit servicing firms drop 0.7 pct QoQ to 17.45 bln
The Bank of Greece (BoG) released a new quarterly bulletin last week detailing statistics regarding the operations of Credit Servicing Firms (CSFs).
IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
The International Monetary Fund (IMF) concluded its consultations with the Greek authorities in the context of its Article IV mission with a statement issued on Friday afternoon in which its staff outline the challenges that the new administration will face.
Economic sentiment edges down to 107.2, consumer confidence continues to rise
Greece’s economic sentiment (ESI) dropped by 1.2 points in September to reach 107.2 points, European Commission (EC) figures showed on Friday.
Cenergy Holdings posts net profits of 4.3 mln
Cenergy Holdings financial results for the first half (H1) of the year show that the group’s revenue rose by 10 percent during the first six months of the year.
Viohalco’s H1 revenues rise, profits hit by metal prices
Net results showed profits of roughly 462,000 euros, dropping notably from profits of 37.7 million in H1 2018.