Economy
H1 results for Greek corporates show signs of pandemic biting
Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) first half (H1) results for 2020 revealed that revenue fell by 2.4 percent during the quarter.
GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
Greece’s seasonally adjusted (SA) GDP fell by 14 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2020 after a revised decrease of 0.7 percent in Q1 2020, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
Greece draws strong interest, attractive yield by re-opening 10-year bond
Greece completed on Wednesday the fourth market foray of the year by reopening the 10-year GGB that it had issued in June, after a successful syndication earlier in the summer and a strong performance in the secondary market.
Eurobank net results show profit of 176 mln in H1
Eurobank recorded net results of an adjusted profit of 176 million euros in the first half (H1) of 2020 compared to net profits of 96.7 million in H1 2019.
Data shows export market shake-up amid pandemic
Greece’s exports have been impacted by the pandemic, though not all markets were hit in the same way according to the latest data.
PMI edges up to 49.4 points in August, employment rises
Greece’s manufacturing PMI increased slightly to 49.4 points in August compared to 48.6 points in July, according to the latest data from Markit.
Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
Greece’s retail sales index decreased by 6.9 percent in June following a revised drop of 4.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Hellenic Petroleum, OTE, report impacted results due to lockdown
Greece’s largest oil refinery, Hellenic Petroleum, issued financial results for the first half (H1) of the year that show the group’s sales fell by 33 percent during the period in question.
Economic sentiment at 90.7 in Aug, construction and retail dip
Greece’s economic sentiment (ESI) edged down by 0.1 points month-on-month in August to reach 90.7 points, European Commission (EC) figures showed on Friday.
Credit growth up by 1.5 pct in July
Credit movement in the Greek private sector rose by 1.5 percent in July after an increase of 0.4 percent in June, Bank of Greece (BoG) figures showed on Thursday.