Economy
Greek tourism building strength but needs to diversify, PWC study finds
PWC Greece has released an overview of the Greek tourism industry which analyses the industry’s current developments and future potential.
BoG highlights areas of concern in underlying NPE data
In the overview of the financial system that the Bank of Greece (BoG) published last week, the central bank goes into detail about the issue of non-performing exposures (NPE), the composition and dynamics of the most challenging legacy that the crisis has left for the country’s credit institutions.
Hellenic Exchanges turnover unchanged and profits up by 5 pct in 9M
Athens Stock Exchange’s (ATHEX) nine month (9M) results showed that group turnover was unchanged year-on-year (YoY) at 19.9 million.
Primary surplus confirmed at 6.44 bln in October on revised budget targets
The budget primary balance was confirmed at a surplus of 6.44 billion euros in the first 10 months of 2018, according to the final budget execution bulletin for October published by the Finance Ministry (MoF) on Monday.
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.
Grivalia Properties net profits rise by 16 percent in 9M results
Grivalia Properties’ results for the nine-month (9M) period of 2018 showed that revenues increased by 5.4 percent during the period.
BoG provides details of ambitious plans to slash NPLs via SPV
In the overview of the Greek financial system that was published late on Thursday, the Bank of Greece (BoG) outlines its proposal for the systemic management of non-performing exposures (NPEs).
Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
Eurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared to profits of 1.1 million in the previous quarter.
Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
Following the formal approval by the European Commission on Wednesday as part of the European semester, the Finance Ministry tabled to Parliament the final budget for 2019.
European Commission approves 2019 budget, urges focus to meet end of year reform goals
As part of the European semester package, the European Commission issued on Wednesday the first report for Greece under the enhanced surveillance framework that came into effect following the conclusion of the European Stability Mechanism (ESM) programme last August.