Economy
Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
Wednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion of the fourth enhanced surveillance review and the next round of debt relief measures, but will not include a discussion on how Greece can use the bond profits it will receive.
PMI at 54.1 points in November as foreign orders rise
Greece’s manufacturing PMI rose to 54.1 points in November, up from 53.5 points in October, according to the latest data from Markit.
PPC posts net loss of 353.2 mln in 9M as energy mix charges hit
Greece’s majority state-owned Public Power Corporation’s (PPC) nine-month (9M) results showed that turnover rose by 3.4 percent year-on-year (YoY).
ADMIE Holdings posts income of 32.8 mln, affiliate profits up to 63.4 mln in 9M
ADMIE Holding SA reported its results for the first nine months (9M) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 32.5 million. Net profits came to 32.8 million euros.
Retail turnover increases by 4.5 pct in Sept, volume edges up by 5.1 pct
Greece’s retail sales index increased by 4.5 percent in September, following a revised increase of 2.5 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit contraction at 0.2 pct in October, balance at 156.63 bln
Credit contraction in the Greek market came to 0.2 percent in October from 0.5 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits rise by 643 mln in October
Net deposit movements in the Greek banking system were positive by 643 million euros in October, following outflows of 622 million in September, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment at 107 in November, consumer confidence continues to strengthen
Greece’s economic sentiment (ESI) edged up by 0.3 points in November to reach 107 points, European Commission (EC) figures showed on Thursday.
OPAP net profits rise by 33.6 pct in 9M on higher VLT revenues
The Greek Organisation of Football Prognostics (OPAP) has released its results for the first nine months (9M) of the year, showing that gross gaming revenues (GGR) rose by 6 percent compared to the same time last year.
Government opts for modest tax relief, but who will benefit?
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The government tabled its much-anticipated tax relief package in Parliament on Tuesday night, making good on some of its pre-election pledges.