Economy
Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
The Finance Ministry (MoF) tabled on Monday afternoon in Parliament’s Economic Affairs Committee the draft budget for 2019, which contains its fiscal estimates as well as the underlying macro assumptions.
Banks submit new NPL targets to SSM, with sales leading way in reduction drive
Greece’s four systemic banks have submitted new Single Support Mechanism (SSM) guidelines on Friday, under which the banks’ bad loans will be tackled.
EYDAP net profits rise to 17.9 mln in H1
The Athens Water Supply and Sewage company (EYDAP) has released its first half (H1) results for the year which revealed that turnover rose by 1.1 percent.
Manufacturing PMI dips slightly to 53.6 pts in September as sentiment remains strong
Greece’s Manufacturing PMI declined slightly to 53.6 points in September from 53.9 points in August, staying over the 50-mark threshold for almost a year and a half as confidence in the sector continues to hold.
Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
The Greek government will not include next year’s pension cuts in the 2019 draft budget due to be submitted to Parliament on Monday as it steps up its efforts to scrap the measure, which was pre-legislated last year.
GEK Terna's H1 net profits hit by stagnant construction sector
Greek construction and energy group GEK Terna’s results for the first half (H1) of 2018 showed that sales increased by 13 percent compared to the same time last year.
Retail turnover in July up by 4 pct as volume rises 2.5 pct
Greece’s retail sales index increased by 4 percent in July after June’s figure was slightly revised down to 3.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
Greece’s Finance Ministry (MoF) announced late on Thursday that further relaxations were being applied to the capital controls imposed in the summer of 2015 as the government pushes to abolish them completely in the coming months.
Viohalco’s H1 revenues rise, profits static
Industrial giant Viohalco’s results for the first half (H1) of the year showed that revenues rose by 19 percent.
Deposit inflows reach 1.30 bln in August on increased sight deposits
Net deposit movement in the Greek banking system strengthened in August with inflows of 1.30 billion from 840.6 million in July, Bank of Greece (BoG) figures revealed on Thursday.