Economy
Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
Alpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal of a mixed pool of NPEs to Greek SMEs secured by real estate assets, code named Neptune.
New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 545 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.
PMI rises to 49.4 points in June as manufacturing resumes
Greece’s manufacturing PMI increased to 49.4 points in June from 41.1 points in May, according to the latest data from Markit PMI.
Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
Greece’s retail sales index decreased sharply by 24.7 percent in April following an upward revised drop of 0.7 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
BoG highlights how Covid-19 compounds legacy issues and structural challenges
The Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining the numerous challenges that the pandemic will pose on the Greek economy, public finances and the banking system.
Economic sentiment at 87.6 in June, consumer confidence & construction show recovery
Greece’s economic sentiment (ESI) fell by 0.9 points month-on-month in June to reach 87.6 points, European Commission (EC) figures showed on Monday.
Credit growth in May comes to 0.7 pct, positive for third month
Credit movement in the Greek private sector increased by 0.7 percent in May, from a rise of 0.3 percent in April, Bank of Greece (BoG) figures showed on Friday.
Deposits rise by 1.72 bln in May
Net deposit movements in the Greek banking system were positive by 1.72 billion euros in May, rising from inflows of 1.43 billion in April, Bank of Greece (BoG) figures revealed on Friday.
Aegean and OPAP revenues suffer while Titan Cement preliminary notice shows resilience
Aegean Airlines’ first quarter (Q1) results for 2020 showed that revenues fell by 15 percent compared to the same time last year.
Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
The budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday.