Economy
Stagnant construction sector dampens Ellaktor Group’s results
The Ellaktor Group of companies has released its 9-month 2016 results, showing that consolidated revenues came to 1.28 billion euros, an increase of 17.1 percent compared to 1.07 billion euros reported for the 9-month 2015 period.
Greece heads to Eurogroup facing uncertain outcome
Ahead of the Eurogroup due to start in Brussels on Monday at 3 pm local time, another teleconference was held between the Greek ministers and the institutions’ mission chiefs on Saturday evening.
What the agreement between Greece and lenders means for fiscal and tax policy
Following the first round of meetings between the Greek ministers and the institutions’ mission chiefs at the end of October, Finance Ministry sources said the biggest stumbling blocks in the second programme review were the fiscal gap, funding of the guaranteed minimum income (GMI) and labour market reforms.
General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln
Greece’s general government (gg) primary cash surplus expanded by 1.37 billion euros to 6.08 billion in the 10-month period of 2016 from 4.71 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday evening.
Greek stocks fall 1.5 pct on week, banks edge up 0.6 pct
The Greek equity market remained volatile mostly driven by rumours and press reports on the potential outcome of Monday’s Eurogroup, which will also determine next week’s performance.
Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
Greek households’ new time deposit rate dropped for the second straight month, albeit at a slower pace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank of Greece (BoG) data displayed on Friday.
The key elements of the draft agreement between Greece and lenders
During the second round of meetings between the institutions’ mission chiefs and the Greek government, a draft supplemental memorandum of understanding (sMoU) was prepared.
Folli Follie 9-month results show revenues up 9.2 pct
Greek jewellery and fashion accessory designer and retailer Folli Follie’s 9-month 2016 results show that the group’s consolidated revenues reached 956.2 million euros, an increase of 9.2 percent on the 875.5 million euros from the corresponding period in 2015.
Pieces of review puzzle yet to fall into place ahead of Eurogroup
Although progress is being made on ongoing discussions between the Greek government and the institutions, an agreement has not been clinched as the various sides have yet to converge on several key issues.
PMI drops for third straight month to hit one-year low of 48.3 in Nov
Greece’s Manufacturing PMI fell for the third successive month, albeit at a slower pace of 0.3 points in November after a drop by 0.6 points in October, the Markit survey displayed on Thursday.