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PM hopes solo run can lead to settlement of football dispute
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has taken it upon himself to try to resolve the storm created by a dispute involving the country’s top football teams and their owners, which is threatening unpredictable political consequences. During Thursday’s cabin...
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General gov't cash surplus widened to 2 bln in January
EconomyMacroeconomyThe Greek general government (gg) cash surplus in January widened by 32.5 percent to 2 billion euros from 1.51 billion last year, according to the gg bulletin released by the Ministry of Finance on Tuesday. The gg balance also showed a surplus at 1.76 billion from 1.25 billion last year. All gg
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyGreek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday. The net lending flow turned positive for the first time since June 2015 with net loan additions of 210 million euros in December from deductions of 458 million
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingof 22.8 billion, the majority (15.3 billion) relates to loans, 3.5 billion to pillar II bonds, 2
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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomyGreek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April, Bank of Greece (BoG) figures displayed on Monday. Net deductions increased to 357 million euros in May, which is the second highest figure in the course of this year, and largely reflect a negative
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PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday. The headline figure for June represents an expansion, albeit marginal, for the first time since last December. It is the highest headline reading since May 2014. The rise
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Credit contraction stays stable at 2 pct in June, net additions for first time this year
EconomyMacroeconomyGreek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday. The lending flow turned positive for the first time in 2016 with net additions of 479 million euros in June from deductions of 357 million in May. June additions almost fully
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Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
EconomyMacroeconomyInvestment Budget (PIB) balance posted a marginal deficit of 2 million in September from 606 million last
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Economic sentiment at 104.3 pts in Feb, consumer confidence falls by 2 pts
EconomyMacroeconomyconsecutive month and fell by 2 points to -53 in February compared to -51 in January. Year-on-year
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Wages index improves by 0.2 pct in Q4, up by 2 pct YoY
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rose by 2 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, after falling by 0.7 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The wages index captures employees’ gross earnings, which
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