Economy
Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3.
Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
The Eurogroup Working Group held on Monday failed to narrow the differences on the fiscal gap foreseen by the Greek authorities, the European institutions and the IMF.
Time deposit rate almost flat in Jan, average loan rate falls 12 bps
Greek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday.
Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
Greek banks’ Eurosystem funding fell for the seventh successive month, albeit at a slower pace, in January, when it declined by 1.42 billion following a drop of 5.89 billion in December, the Bank of Greece's (BoG) monthly financial statement displayed on Tuesday.
PMI falls 1.6 pts to 48.4 in February
Greece’s Manufacturing PMI dropped by 1.6 points to 48.4 in February from 50 in January, according to the Markit survey published on Tuesday.
Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
Greece’s seasonally adjusted (SA) GDP at constant prices surprised in the fourth quarter (Q4) of 2015 as it edged up by 0.1 percent quarter on quarter (QoQ) compared to a flash estimate of 0.6 percent contraction announced on February 12, Hellenic Statistical Authority (ELSTAT) provisional data showed on Monday.
Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015
The turnover of Greece’s retail trade index eased 0.1 percent in December after a revised drop of 5.4 percent in November, Hellenic Statistical Agency (ELSTAT) data showed on Monday.
Hellenic Petroleum rebounds from 2014 losses
Hellenic Petroleum’s 2015 financial statement released on February 25 shows that the group’s net income came in at 45.1 million after posting a negative balance 368 million in 2014.
Greek stocks up for second straight week, rising by 5.5 pct
The Greek market advanced for the second successive week by 5.5 percent also supported by a rebound in the global markets.
Toy, household giant Jumbo records 15 pct profit increase
Greek retailer Jumbo has posted increased profits in its 2015 report from July 1 to December 31 2015.