Economy
HELEX H1 2016 results show continuing drop in profits
Hellenic Exchanges-Athens Stock Exchange Group released its H1 2016 results on Monday showing that the net profits of the group came to 3.2 million euros compared to 5.4 million euros in H1 2016, a decline of 41 percent, continuing the group’s trend for falling profits.
Unpopular but effective property tax returns for another year
The single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding a notable burden to Greek households since its launch in 2014.
Government eases capital controls further, aiming to restore depositor confidence
Following pledges earlier in the month, the government has now further relaxed the capital controls imposed last summer.
S&P affirms Greece’s rating with stable outlook
As was broadly expected, S&P affirmed on Friday afternoon Greece’s ‘B-/B’ ratings, while the outlook remains stable.
Greek stocks rebound for second straight week and edge up 2.5 pct
The Greek equity market traded mostly in positive territory this week, ending 2.5 percent higher, even though banks underperformed.
Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
Greece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday.
Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
Greek household disposable income fell by 1.8 percent in the first quarter (Q1) of 2016 after a short-lived modest rise by 0.3 percent in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Primary cash surplus more than doubles to 2.8 bln in first half of 2016
Greece’s central government primary cash surplus widened to 2.76 billion euros in the first half of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday.
Current account deficit widens to 412 mln in May
Greece's current account (C/A) deficit almost tripled to 411.6 million euros in May from 139.9 million last year, Bank of Greece (BoG) figures displayed on Thursday.
Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
The rate of increase in unpaid social security contributions (SSCs) almost doubled quarter on quarter (QoQ) to 831 million in Q2 from 429 million in the previous quarter.