Economy
IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
The International Monetary Fund (IMF) published on Tuesday the report for the Article IV consultation with Greece, which was discussed by its executive board last week.
Retail index jumps 5.3 pct in May led by fuel and supermarket sale
Greece’s retail sales index increased by 5.3 percent in May, accelerating from the growth of 0.8 percent noted in April, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Hellenic Exchanges revenues, net profits grow in H1
The Hellenic Exchanges-Athens Stock Exchange Group (ATHEX) results for the first half (H1) of 2018 posted a 12.7 percent rise in turnover compared to the first six months of 2017.
Economic sentiment reaches 105.3 in July, highest since June 2014
Greece’s economic sentiment (ESI) rose by 2.8 points to 105.3 versus the reading of 102.5 in June, European Commission (EC) figures revealed on Monday.
Exclusion from QE confirmed, only ECB's reinvestment programme left
During the final press conference before the summer holidays and about three weeks before Greece concludes its third adjustment programme, the European Central Bank’s (ECB) president Mario Draghi confirmed what was widely anticipated, which is that the country will not be eligible for ECB’s QE programme.
Titan Cement’s turnover drops in H1 as net profits rise to 24.8 mln
Titan Cement’s first-half (H1) 2018 results revealed that turnover dropped by 7.9 percent to 712.5 million during the period.
Deposits inflows in June reach 1.36 bln for fifth month of positive readings
Net deposit movement in the Greek banking system remained positive with inflows of 1.36 billion in June, building on inflows of 919.4 million in May, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction at 1.2 pct in June, balance at 178.87 bln
Credit contraction in the Greek market softened to 1.2 percent in June from a contraction of 1.9 percent in May, Bank of Greece (BoG) figures released on Wednesday showed.
Disposable income grows by 2.1 pct in Q1, gross savings continue to shrink
Greek household disposable income grew by 2.1 percent year-on-year in the first quarter (Q1) of 2018, picking up from the increase of 0.4 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Budget primary surplus confirmed at 635 mln in June on lower spending
The budget primary balance was confirmed at a surplus of 635 million euros in the first six months of 2018, the Finance Ministry (MoF) final budget execution bulletin for June showed on Tuesday.