Economy
Greek PMI rises to 49.6 in May as uncertainty continues to impact
Greece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth consecutive deterioration in Greek manufacturing sector conditions.
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
Alpha Bank concluded the release of Greek banks’ first quarter (Q1) results, remaining profitable for the third successive quarter with net profits more than doubling.
Slight rise of 0.3 pct in March retail sales after strong growth in February
The turnover of Greece’s retail trade index edged up by 0.3 percent in March, after revised double-digit growth of 11.2 percent in February, ELSTAT data showed on Wednesday.
Lamda Development EBITDA up 4.5 pct in Q1
Property developer Lamda Development has reported a 4.5 percent rise in EBITDA from their three shopping centres in Q1 2017.
Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
Economic sentiment fell by 1.7 points in May after improving cumulatively in the previous two months, European Commission figures showed on Tuesday.
Marfin Investment Group sales down 0.2 pct in Q1
Marfin Investment Group’s (MIG) Q1 2017 financial report showed a marginal decline of 0.2 percent in sales compared to the same quarter last year.
Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
The pace of credit contraction in the Greek market further slowed to 0.9 percent in April from 1.3 percent in the previous month, Bank of Greece (BoG) figures showed on Monday.
Deposit flow turns negative again in April with outflows of 139 mln
The deposit flow in the Greek banking system turned negative again in April, with outflows of 139 million following inflows of 278 million in the previous month, Bank of Greece (BoG) figures showed on Monday.
Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
The Greek stock market dropped 0.7 percent for the second straight week in the aftermath of Monday’s inconclusive Eurogroup.
China's bumpy road to Greece
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At a time when investments in Greece are considered too risky by most foreign counterparts, Greece has found itself a potential ally in China.