Economy
Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
The Greek seasonally adjusted (SA) GDP at constant prices rose by 0.5 percent quarter on quarter (QoQ) in the third quarter (Q3) of 2016, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Monday.
Grivalia Properties 9-month net profits continue to slump
Grivalia Properties’ financial report for the 9-month period ending September 30 shows that net profits came in at 19.0 million euros, a drop of 62 percent compared to the same period in 2015 (47.9 million euros).
Second review to resume in Athens under severe time pressure
The institutions’ mission chiefs are expected to return to Athens early this week to resume discussions with the Greek authorities on the second programme review.
Stocks rebound 1.5 pct during week, banks climb 4.6 pct
The Greek stock market rebounded 1.5 percent this week after recording losses in the previous two weeks.
Aegean’s net profit up in Q3, down in 9-month
Aegean Airlines has announced its third-quarter (Q3) and 9-month trading update, which showed that revenue for Q3 2016 rose 7 percent from 388.6 million euros in Q5 2015 to 416.3 million euros. On a 9-month basis, revenues rose 3 percent from 792.2 million euros to 819.9 million euros.
Government steps in as NBG row takes new twist
Just one day after the election of the new chairman at the National Bank of Greece (NBG), which was seen as providing respite in the recent dispute between the NBG top management and the bank’s major shareholder, the Hellenic Financial Stability Fund (HFSF), things appear to be flaring up again at the lender.
Record job departures in Oct but highest 10-month net hirings since 2001
The employment balance turned negative again in October with net departures notably increasing to 82,810 from 56,473 a year ago, data from the Labour Ministry’s Ergani information system displayed on Thursday.
Hellenic Petroleum’s Q3 EBITDA grows 74 pct
Greece’s largest oil refiner, Hellenic Petroleum, has released its results which show strong performance for both Q3 and the 9-month period of 2016.
OTE enjoys best quarterly growth in a decade during Q3
The Hellenic Telecommunications Organization’s (OTE Group) Q3 results revealed that group revenues rose by 2.7 percent, representing the group’s best quarterly growth in a decade (997.9 million euros in Q3 2016 versus 971.3 million euros in Q3 2015).
In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
Greek banks’ Eurosystem funding dropped by another 3.53 billion euros in October after a decrease by 3.15 billion in September, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.