Economy
Draft budget sees stronger growth, fiscal targets being met
The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
GEK Terna’s H1 net profits rise by 48.3 pct
Greek construction and energy group GEK Terna’s results for the first half (H1) of 2017 showed that sales increased by 4.1 percent compared to the same time last year.
Viohalco’s H1 profits jump to 29.7 million
Industrial giant Viohalco’s results for the first half (H1) of the year show that revenues rose by 21 percent compared to the same period last year.
PMI rises to 52.8 in Sept, highest since June 2008
Greece’s Manufacturing PMI increased by 0.6 points in September to stand at 52.8, up from August’s figure of 52.2.
Retail sales continue their rise in July as consumer confidence improves
Greece’s retail sales increased by 1.6 percent on an annual basis in July after a marginal 3.2 percent rise in June, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday.
Athens relieved as ECB and IMF seem to reach understanding on Greek banks
Athens is hoping that a dispute between the European Central Bank and the International Monetary Fund (IMF) over Greek banks has been resolved, clearing an obstacle in the third review and easing the pressure the lenders have been experiencing lately.
PPC turnover down 6.8 pct in H1, net profits fall sharply
The Public Power Corporation’s (PPC) results for the first half (H1) of the year showed that turnover decreased by 6.8 percent.
Economic sentiment breaks 100-point mark in Sept, consumer confidence up by 3.3 pts
Greece’s economic sentiment (ESI) continued its positive trend in September, rising by 1.6 points compared to August’s increase by 0.8 points, European Commission (EC) figures revealed on Thursday.
Deposit inflows rise to 1.41 bln in August, highest for 2017
The positive deposit flow in the Greek banking system picked up pace in August to 1.41 billion euros from 928 million in July, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction eases to 0.9 pct in August
The pace of credit contraction in the Greek market slowed slightly in August, easing to 0.9 percent, Bank of Greece (BoG) figures showed on Wednesday.