Economy
Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
Greece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget execution bulletin published on Thursday.
Multi-bill tabled as Greece aims to take last step to completion of review
The government tabled in Parliament on Wednesday evening the multi-bill including the prior actions required for the conclusion the first programme review.
Apartment prices fall at slightly slower pace of 5 percent in Q1
The drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data showed on Thursday.
HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
Greek banks’ non-performing exposures (NPEs) in Greece reached 103 billion at the end of 2015, Aris Xenofos, CEO at the Hellenic Financial Stability Fund (HFSF), revealed on Tuesday.
Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
Eurobank reported net profit of 60.2 million euros in the first quarter (Q1) of 2016 from a loss of 94.4 million in the previous one.
Alpha, Eurobank sign agreement with KKR for management of NPLs
In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.
Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
Greece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales.
General gov't figures shed more light on course of spending, revenues during crisis
The release of the 2015 detailed general government figures by the Hellenic Statistical Authority (ELSTAT) revealed some interesting findings on the evolution of the annual key figures.
Greek stocks jump 2.8 pct during week on improved market sentiment
Greek equities headed north by 2.8 percent this week, following another rise last week, as they were helped by increasing hopes that Greece and its lenders will conclude the bailout review at the next Eurogroup on May 24.
Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
The Greek seasonally adjusted (SA) GDP at constant prices contracted by 0.4 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2016 after a short-lived marginal rise of 0.1 percent in Q4 2015, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday.