Economy
PPC reports net loss of 205.1 mln in Q1
Greece’s majority state-owned Public Power Corporation’s (PPC) first quarter (Q1) results showed that net losses worsened to 205.1 million from 12.6 million euros in the same quarter last year.
Retail turnover falls by 2 pct in Apr, volume declines by 2.7 pct
Greece’s retail sales index fell by 2 percent in April compared to an upward revised increase of 5.4 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Eurobank’s NPL sales take major step with two transactions
Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans.
Consumer confidence at highest since January, economic sentiment stable
Greece’s economic sentiment (ESI) edged up by 0.2 points in June to 101 points, European Commission (EC) figures showed on Thursday.
Annual report shows majority of debt in official hands on favourable terms
The Ministry of Finance (MoF) annual debt bulletin for 2018 has outlined the government's strategy for the management of its debt across 2018.
Greek banks maintain focus on key areas as elections approach
Greece’s systemic banks are continuing tackling several key issues as the summer sets in and against the general tide of a pre-election slowdown.
Budget primary surplus confirmed at 916 mln in May on higher expenditure
The budget primary balance recorded a surplus of 916 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
Card usage gains traction with debit cards leading the way, BoG finds
The Bank of Greece’s (BoG) latest overview of the Greek financial system has shown that the rate of card use among businesses and individuals has steadily increased over recent years.
Travel balance falls by 4.1 pct in April
Greece’s travel balance edged down to 200.3 million euros in April from 208.8 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decline of 4.1 percent.
Primary cash balance at surplus of 438 mln in May
Greece’s central government primary cash balance recorded a surplus of 438 million euros in the first five months of the year according to figures released by the Bank of Greece (BoG).