Economy
Exclusion from QE confirmed, only ECB's reinvestment programme left
During the final press conference before the summer holidays and about three weeks before Greece concludes its third adjustment programme, the European Central Bank’s (ECB) president Mario Draghi confirmed what was widely anticipated, which is that the country will not be eligible for ECB’s QE programme.
Titan Cement’s turnover drops in H1 as net profits rise to 24.8 mln
Titan Cement’s first-half (H1) 2018 results revealed that turnover dropped by 7.9 percent to 712.5 million during the period.
Deposits inflows in June reach 1.36 bln for fifth month of positive readings
Net deposit movement in the Greek banking system remained positive with inflows of 1.36 billion in June, building on inflows of 919.4 million in May, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction at 1.2 pct in June, balance at 178.87 bln
Credit contraction in the Greek market softened to 1.2 percent in June from a contraction of 1.9 percent in May, Bank of Greece (BoG) figures released on Wednesday showed.
Disposable income grows by 2.1 pct in Q1, gross savings continue to shrink
Greek household disposable income grew by 2.1 percent year-on-year in the first quarter (Q1) of 2018, picking up from the increase of 0.4 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Budget primary surplus confirmed at 635 mln in June on lower spending
The budget primary balance was confirmed at a surplus of 635 million euros in the first six months of 2018, the Finance Ministry (MoF) final budget execution bulletin for June showed on Tuesday.
Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
Greece’s travel balance rose sharply by 38.2 percent in May, recovering strongly from April’s decline of 29 percent, Bank of Greece (BoG) data revealed on Tuesday.
May current account shows surplus of 191.5 million as underlying indicators improve
Greece’s current account (C/A) balance recorded a surplus of 191.5 million euros in May, reversing the deficit of 1.34 billion noted in April, Bank of Greece (BoG) figures showed on Monday.
S&P revises outlook to positive, sees encouraging signs after debt deal
Having updated Greece’s credit rating ahead of schedule at the end of last month in response to the June 21 Eurogroup decision and the conclusion of the third programme, S&P kept the country’s rating unchanged to ‘B+’ during its regular update cycle on Friday.
Industrial turnover rises by 11.4 pct in May, staying positive for fifth consecutive month
Greece’s industrial turnover continued its positive streak this year with an increase of 11.4 percent in May after April’s figure was slightly revised down to 6.5 percent, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.