Economy
Greek stocks rise 2.7 pct during week as bailout agreement nears
The Greek stock market traded sideways until Friday when it climbed 2.8 percent on improved sentiment from a positive outcome of Eurogroup meeting next week. Overall, Greek stocks headed north for the third straight week with gains of 2.7 percent this week.
Complex privatisation fund faces tall order to reduce Greek debt
On top of the fiscal measures yielding 3 percent of GDP by 2018, one of the key prior actions for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund.
Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
The multi-bill tabled in Parliament on Wednesday evening included a set of parametric fiscal measures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions that Greece has to make by 2018 as part of the first programme review.
Primary cash surplus improves to 2.93 bln at end of April
Greece’s central government primary cash balance significantly widened to 2.93 billion eurso in the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank of Greece (BoG) figures
Industrial turnover drops 12.7 pct in March, energy plummets 27 pct
Greece’s Turnover Index in Industry fell at a slightly slower pace of 12.7 percent in March from a revised 14.9 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Current account deficit more than halves to 708 mln in March
Greece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48 billion last year, Bank of Greece (BoG) figures showed on Friday.
Grivalia Properties sees Q1 net profits of 10.6 mln
Grivalia Properties has released their Q1 2016 financial statement, showing that the group made a net profit of 10.6 million euros in the first three months of the year.
Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
Greece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget execution bulletin published on Thursday.
Multi-bill tabled as Greece aims to take last step to completion of review
The government tabled in Parliament on Wednesday evening the multi-bill including the prior actions required for the conclusion the first programme review.
Apartment prices fall at slightly slower pace of 5 percent in Q1
The drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data showed on Thursday.