Economy
Economic sentiment and consumer confidence deteriorate in February
After rising in the preceding two months, Greece’s economic sentiment (ESI) fell by 2.6 points to 89 in February from 91.6 in January, according to European Commission (EC) figures released on Friday.
Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
Confirming preliminary data, Greece’s budget primary surplus improved to 1.19 billion in January from 443 million last year, the Finance Ministry (MoF) final budget bulletin showed on Friday.
OTE in 2015: net income down, strong growth in Albania
The Hellenic Communications Organisation S.A. (OTE) released its 2015 annual report on February 15, showing group revenues rising by 2 percent but overall earnings before interest, taxes, depreciation and amortization falling by 11.9 percent in 2015 compared to 2014.
Negative deposit flow of 1.12 bln in Jan
After a short-lived positive flow of 2.65 billion in December, the Greek banking system recorded outflows of 1.12 billion in January, Bank of Greece (BoG) data displayed on Thursday.
BoG outlines steps to economic recovery, updates on banks' asset quality
In its annual report released on Thursday, the Bank of Greece (BoG) estimated that the recession will bottom out and expects a slight recovery during the second half of the year subject to political stability and elimination of uncertainty.
Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million
Greek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday.
Unresolved pensions issues complicate the fiscal front
Confirming initial indications, farmers appear disappointed and reluctant to accept the government proposal presented by the Prime Minister Alexis Tsipras on Monday.
Coca-Cola HBC net profits down, marginal growth in Greece
Coca-Cola HBC posted an increase in sales volumes totalling 2.6 percent at year-end, according to the company’s financial report for 2015 released on February 19.
Gov't offers improved terms to farmers in bid to break deadlock
Prime Minister Alexis Tsipras hosted on Monday afternoon the long-awaited meeting with farmers protesting tax and social security contribution increases.
Travel receipts grow 12.2 pct in Dec, surplus rises to 12.17 bln in 2015
Greece's travel receipts rose at a double-digit rate for the second straight month in December, when they increased by 12.2 percent from 16 percent in November, Bank of Greece (BoG) data showed on Monday.