Economy
Drop in apartment prices continues with slower decline of 1.2 pct in Q2
The nominal value of apartments in Greece fell at a slower pace of 1.2 percent year-on-year (YoY) in the second quarter (Q2) of 2017, following a downwards revised drop of 1.7 percent in Q1 2017, Bank of Greece (BoG) data showed on Thursday.
Retail sales up by 3.2 pct in June for sixth straight rise
Greece’s retail sales increased by 3.2 percent on an annual basis in June after a marginal 0.4 percent rise in May, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
Piraeus Bank reversed its first-quarter (Q1) net losses of 7 million to profit of 7 million in Q2, resulting in a break-even bottom-line result in the first half (H1) of 2017.
Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
Eurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly increasing to 39.7 million euros Q2 from 36.5 million in the previous quarter.
Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
Greece’s economic sentiment (ESI) continued in August its steady rise over the last three months as it edged up by 0.8 points although this was smaller than the 4.5-point increase in the previous month, European Commission (EC) figures revealed on Wednesday.
Motor Oil Hellas group turnover up 40.9 pct in H1
Motor Oil Hellas’ financial results for the first half (H1) of 2017 show that group turnover increased by 40.9 percent compared to the same time last year.
Credit contraction continues in July with 1.2 pct decline
The pace of credit contraction in the Greek market marginally decelerated in July, reaching 1.2 percent, Bank of Greece (BoG) figures showed on Monday.
Inflows continue in July as deposits increase by 927 mln
The positive deposit flow in the Greek banking system continued in July, with inflows reaching 927 million from 1.09 billion in June, Bank of Greece (BoG) figures revealed on Monday.
Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
The budget primary surplus was confirmed at 3.02 billion euros in the July, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Rating agencies concur in improved prospects for Greece
The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.