Economy
Unemployment rate falls to 21.5 pct in 2017 despite increase in Q4
The Greek non-seasonally-adjusted unemployment rate rose to 21.2 percent in the fourth quarter (Q4) of 2017, rising against the figure for Q3 of 20.2 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Strong interest as Greece issues first 52-week T-Bill in almost eight years
Greece took another step on Wednesday towards restoring its relationship with the markets and building its yield curve by issuing a 52-week treasury bill for the first time since April 2010.
Budget primary surplus at 2.75 bln in Feb on increased revenues, lower expenditure
The budget primary balance recorded a surplus of 2.75 billion euros in the first two months of 2018, up by 28.9 percent against last year’s figure of 2.14 billion euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Wednesday.
IFRS 9 provisions required by banks in line with expectations
Another box was ticked this week in the process that began last month, when the European Banking Authority officially launched the stress tests for Greek banks, which are due to be completed in May.
Motor Oil Hellas posts net profit increase of 5.7 pct in 2017
Motor Oil Hellas’ full-year financial results for 2017 show that revenues increased by 23.4 percent compared to 2016.
Fourlis Group's net profits rise 67 pct in 2017
Fourlis Group, leading group of companies in Greece and the Balkans for quality consumer durable goods, reported an increase in sales of 1.4 percent in 2017 compared to 2016.
Wages index improves by 0.2 pct in Q4, up by 2 pct YoY
The seasonally adjusted (SA) Wages Index rose by 2 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, after falling by 0.7 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday.
Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
Greek banks’ Eurosystem funding fell by around 4.58 billion euros in January, Bank of Greece's (BoG) monthly financial statement revealed on Monday.
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.
Athens identifies drivers for growth as it draws up strategy for next years
One of the integral parts of the final review of Greece’s third programme is a growth plan that the authorities will have to agree with eurozone partners and will act as the country’s own policy compass outside the regular supervision by official creditors.