Economy
HFSF records losses of 578 mln in Q1 on negative revaluation of bank holdings
The interim financial statements of the Hellenic Financial Stability Fund (HFSF) published on Friday afternoon showed net losses of 577.83 million euros in the first quarter (Q1) of 2016 from 4.97 billion a year ago.
Greek stocks rebound 2.6 pct during week as banks lead way
The Greek stock market rebounded by 2.6 percent this week, its first such rise for the last three weeks. Banks notably outperformed for the first time since early September.
After Article IV consultations IMF says challenges remain, substantial debt relief is needed
Following the completion of the IMF mission visit to Athens on the Article IV consultation, the fund published on Friday afternoon its concluding statement with the preliminary findings.
Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln
Greece’s central government primary cash surplus dropped by 660 million euros to 2.41 billion in the 8-month period of 2016 from 3.07 billion a year ago, Bank of Greece (BoG) figures displayed on Friday.
Greece’s embattled commercial steel market industry braced for more challenges
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China’s steel export profile was among the topics discussed at the latest G20 meeting in Hangzhou. China in recent years has emerged as a powerhouse of cheap steel production, to the detriment of the rest of the world.
MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
Greek Parliament approved on Wednesday night the privatisation of the former Athens airport, known as Hellenikon, a deal which is expected to bring multiple economic benefits.
Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
Greece's travel receipts dropped for the fourth successive month in July, albeit at a slower pace of 3.5 percent, after a decrease by 5.4 percent in June, Bank of Greece (BoG) figures displayed on Wednesday.
Marinopoulos hits Marfin Group H1 results
Marfin Investment Group (MIG) has released its H1 2016 results, showing that sales amounted to 524 million euros, registering a decline of 13 million euros or 2 percent versus H1 2015.
Budget primary surplus of 3.8 bln to Aug beats target by wide margin
Greece’s budget primary surplus edged down 1.1 percent to 3.76 billion euros in the 8-month period of 2016 from 3.8 billion in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
Record low net job balance in Aug but 8-month figure highest since 2001
The employment balance remained negative in August, when net departures rose to 16,128 in August 2016 from just 441 last year, the Labour Ministry’s information system (Ergani) data displayed on Tuesday.