Macroeconomy
New measures to ease capital controls, lift restrictions on opening bank accounts
Additional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Wednesday.
Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
Greece’s retail sales rose by 2.2 percent year-on-year in December after November’s upwardly revised decline of 1.4 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Deposits turn negative in Jan with outflows of 1.40 bln
Net deposit movement in the Greek banking system turned negative in January with outflows of 1.40 billion euros compared to positive inflows of 2.54 billion euros in December, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction at 0.8 pct in January as household, corporate lending falls
Credit contraction in the Greek market remained unchanged at 0.8 percent in January, staying static for a fourth month, Bank of Greece (BoG) figures showed on Tuesday.
Economic sentiment at 104.3 pts in Feb, consumer confidence falls by 2 pts
Greece’s economic sentiment (ESI) continued to strengthen in February, increasing by 2.4 points to 104.3 compared to a reading of 101.9 in January, European Commission (EC) figures revealed on Tuesday.
Budget primary surplus confirmed at 1.85 bln in January
The budget primary balance was confirmed at a surplus of 1.85 billion euros in the first month of 2018, beating the forecast by 1.13 billion euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Monday.
Hellenic Petroleum reports best-ever adjusted EBITDA for 2017
Greece’s largest oil refinery, Hellenic Petroleum’s annual results for 2017 showed that net sales rose by 21 percent across the year.
OTE net profits down by 52 percent in 2017 as revenues fall
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues for 2017 fell by 1.3 percent.
Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
Greece’s travel receipts fell by 76.3 percent year-on-year in December, compared to a rise of 81.4 percent noted in November, Bank of Greece (BoG) data revealed on Wednesday.
Central government debt grows to 328.70 billion in Q4
Greece’s central government debt rose by 2.59 billion euros quarter-on-quarter (QoQ) to 328.70 billion in the fourth quarter (Q4) of 2017, from 326.11 billion in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.