Economy
European Commission paper highlights challenges for Greek exports
The European Commission (EC) published an economic paper titled “The puzzle of the missing Greek exports” showing that Greece’s export performance is dramatically lagging behind, yet its export potential could be enormous.
Ιnterest in exercising Alpha's warrants remains rather limited
The results of the second exercise period of Alpha Bank’s warrants showed that 60.9 million warrants were exercised at the predefined price of 0.4576 euros.
HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
The Hellenic Financial Stability Fund (HFSF) issued its 2013 annual report, which revealed some important financial information related to the Fund’s activities throughout last year.
Majority of services sectors still see contraction in turnover in Q1 2014
The evolution of turnover indices for the services sector showed 8 out of the 14 services activities posted a contraction in Q1 2014, according to the Hellenic Statistical Authority (ELSTAT).
BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
Greece’s central government net balance to May on a cash basis showed the deficit narrowing by 74.4 percent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG).
Alpha Bank acquires Citigroup's retail banking unit in Greece
Alpha Bank announced today it signed an agreement for the acquisition of Citigroup’s Greek retail banking business, also including Diners Club of Greece. This is the second major Μ&Α transaction for Alpha after the acquisition of Emporiki Bank by Credit Agricole in 2012.
BoG sees encouraging signs for Greek economy but warns on reforms
The Bank of Greece (BoG) issued its Monetary Policy 2013-14 report on June 12, which is the last official publication by the current governor George Provopoulos, who will be succeeded by the former Finance Minister next week.
Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
Greek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement.
Greek Q1 unemployment remains at record quarterly high of 27.8 pct
The non-seasonally-adjusted unemployment rate remained unchanged quarter on quarter in Q1 of this year at 27.8 percent in Q1 but rose slightly from the 27.6 percent posted in Q1 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greek building activity drop decelerates to 16 pct in March
Building permits in Greece continued heading south, although at a decelerating pace, falling by 16 percent in March from 20.7 percent in February, according to the Hellenic Statistical Authority (ELSTAT).