Economy
Industrial turnover drops 12.7 pct in March, energy plummets 27 pct
Greece’s Turnover Index in Industry fell at a slightly slower pace of 12.7 percent in March from a revised 14.9 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Current account deficit more than halves to 708 mln in March
Greece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48 billion last year, Bank of Greece (BoG) figures showed on Friday.
Grivalia Properties sees Q1 net profits of 10.6 mln
Grivalia Properties has released their Q1 2016 financial statement, showing that the group made a net profit of 10.6 million euros in the first three months of the year.
Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
Greece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget execution bulletin published on Thursday.
Multi-bill tabled as Greece aims to take last step to completion of review
The government tabled in Parliament on Wednesday evening the multi-bill including the prior actions required for the conclusion the first programme review.
Apartment prices fall at slightly slower pace of 5 percent in Q1
The drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data showed on Thursday.
HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
Greek banks’ non-performing exposures (NPEs) in Greece reached 103 billion at the end of 2015, Aris Xenofos, CEO at the Hellenic Financial Stability Fund (HFSF), revealed on Tuesday.
Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
Eurobank reported net profit of 60.2 million euros in the first quarter (Q1) of 2016 from a loss of 94.4 million in the previous one.
Alpha, Eurobank sign agreement with KKR for management of NPLs
In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.
Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
Greece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales.