Economy
Greece's immediate focus on prior actions and growth plan
The clock is ticking for the Greek government regarding the 88 prior actions of the fourth review and the submission of the new growth plan to the institutions.
January current account deficit at 585.8 mln as goods balance worsens
Greece’s current account (C/A) balance recorded a deficit of 585.8 million in January, improving from December’s deficit of 1.24 billion, Bank of Greece (BoG) figures showed on Friday.
Progress on new property values but concerns about energy privatisation
A key prior action, involving the recalculation of property values so they can be fed into the ENFIA real estate tax, appears on the way towards completion but questions have arisen regarding another key deliverable.
Revenues up by 19 pct for Viohalco in 2017 as commodity prices rebound
Industrial giant Viohalco’s full year results for 2017 showed that the company’s revenue rose by 19 percent year on year from 3.12 billion euros in 2016 to 3.72 billion euros. Higher sales were achieved across all underlying sectors.
Green light for next bailout funds as Commission stands ground on post-MoU scenarios
It was confirmed on Thursday that the path is now clear for Greece to receive its 5.7-billion-euro tranche after completing the third review.
Industrial turnover makes strong start to year with growth of 12.7 pct in Jan
Greece’s industrial turnover shot up by 12.7 percent in January, after December’s figure was softened to -1.9 percent, according to Hellenic Statistical Authority (ELSTAT) data published on Thursday.
New overdue taxes rise by 766 mln in Jan, total stock at 99.44 bln
Greece’s new tax debt increased by 766 million euros in January from 1.30 billion in December, data from the Independent Authority of Public Revenues (IAPR) revealed on Wednesday.
Still facing pile of bailout tasks, Athens looks ahead to post-MoU actions
Despite being under pressure to complete the 88 prior actions that make up the fourth review, the Greek government is also looking ahead to its tasks after the end of the programme, which is scheduled for August.
Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
Alpha Bank reported net profits of 21.1 million euros for the full year of 2017. Net profits from 2016 stood at 42.1 million, resulting in an annual decline of 50.1 percent.
Greek banks' NPL selloff gathers speed
Amid the final stretch for Greece ahead of exiting its programme in August, there is one point of discussion that negotiations keep returning to, that of the bad loans plaguing the country’s banking system.