Economy
Primary cash balance at surplus of 232 mln in Apr
Greece’s central government primary cash balance recorded a surplus of 232 million euros in the first four months of the year according to figures released by the Bank of Greece (BoG).
Athens warned about missing fiscal targets rather than changing them unilaterally
Thursday’s Eurogroup resulted in a warning from European Stability Mechanism managing director Klaus Regling that Greece may miss its primary surplus target this year as a result of the so-called positive measures adopted.
Eurosystem funding rises by 84 mln in Apr, ELA eliminated
Greek banks’ Eurosystem funding edged up by 84 million euros month-on-month (MoM) in April, the monthly Bank of Greece's (BoG) financial statement showed on Thursday.
Hellenic Petroleum adjusted net profits drop by 40 pct in Q1
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first quarter (Q1) of the year show that the group’s net sales fell by 8 percent during the first three months of the year.
Banks focus on reducing NPLs linked to property
As Greece’s systemic banks enter their first quarter reporting cycle, what’s happening with their bad loan pile is one of the main performance indicators that observers are keeping their eyes on.
Finance Ministry, Stournaras disagree over fiscal space for expansionary measures
The Greek government is in an awkward position regarding the expansionary fiscal measures announced by Prime Minister Alexis Tsipras last week and adopted by Parliament on Wednesday.
Budget primary surplus at 1.46 bln in Apr, above target by 2.13 bln
The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Wednesday.
NBG reports net profits of 131 mln in Q1, accelerating profitability
National Bank of Greece (NBG) reported a net profit of 131 million euros from continued operations in the first quarter (Q1) of 2019, gaining on the profits of 8 million euros reported in Q4.
Athens moves ahead with expansionary measures as it waits for lenders' response
The Greek government is set to find out this week what the institutions think about the package of positive measures submitted to Parliament on Monday and due to be voted into law by Wednesday.
Building permits drop by 5.1 pct in Feb
Building permits decreased by 5.1 percent year-on-year (YoY) in February, improving from a decline of 10.2 percent in January, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.