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Greek stocks down 2.6 pct on week, banks underperform for fifth straight week
Economyinclude Public Power Corporation – PPC (-5 percent) and Jumbo (-4.1 percent). The daily turnover posted
4% -
Retail sales drop for thirteenth straight month by 5.2 pct in June
EconomyMacroeconomyturnover in pharmaceutical products and cosmetics as well as in food, beverages and tobacco fell by 6 and 5
4% -
Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingpercent QoQ to 288 million in Q2 on the back of a 5 percent rebound in core income mitigated
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingbillion in March to 5 billion in August, the lowest figure among its domestic peers. The bank has 3.6
4% -
Industrial production up for fourth straight month in July with 4.1 pct rise
EconomyMacroeconomythat increased by 5 percent, while water supply production edged up marginally by 0.2 percent
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Tsipras limits pledges and expectations in Thessaloniki
PoliticsGreek Politicsand 5) Transforming the recovery into equitable growth. News conference Tsipras tried to use
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Greek stocks edge down 1.3 pct during week, banks perform poorly again
Economy(PPC) announced it will hold an Extraordinary General Meeting on October 5 to approve the electricity
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy, largely due to an increase of 5 billion in resident’s holdings of foreign bonds and T-Bills
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomymonthly figure by 9 percent. Moreover, despite falling by 5 percent in August consumption taxes rose
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyon energy products (440 million) 4) Increase in the VAT rate from 23 to 24 percent (218 million) 5
4%