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Greek credit contracts by 3.1 pct in December
EconomyMacroeconomyin the course of 2014. Monthly net deductions slightly increased to 234 million from 171 million... that the average monthly figure for net deductions stood at 560 million for 2014. The negative credit flow in December mainly stems from net deductions in the corporate and household sectors of 155 and 117
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Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
EconomyMacroeconomy, shipping balances (mostly denominated is US dollar) rose by 811 million MoM, although net additions... million, despite net deductions of 311 million, as 10 percent of mortgages are denominated in Swiss franc, which sharply appreciated against euro. Monthly net deductions fell below the 100-million mark
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomythat net payments for purchases of ships declined almost fully offsetting a rise in the net oil... to lower net receipts from transport and other services. In contrast, the travel surplus slightly... half primarily reflects lower net payments for purchases of ships and – to a lower extent – lower net
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Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most
EconomyA total number of 8.52 million individuals declared annual net income of 73.93 billion euros...-earners and pensioners consistently make up more than three quarters of total declared net income... the last three years. Net income from other activities fell by 21.4 percent since 2011 and landed
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Greek stocks advance 2.6 pct for second straight week on improved investor sentiment
Economyon Thursday with a large number of firms posting their quarterly results this week. Mytilineos net.... METKA Q4 net profit surged 68.5 percent to 38.4 million mainly driven by its sub-Saharan operations... Corporation (PPC) recorded net loss of 102.5 million in 2015 from profit of 91 million last year largely
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomy0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow turned negative for the first time since February with net deductions standing at 395 million... January, when net deductions reached 885 million. The negative flow in May reflects net deductions
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomynegative impact on trade deficit evolution was the higher net payments for ships’ purchases. If the latter... contributor to 4-month trade deficit was higher net payments for ships’ purchases offsetting a decline in the net oil import bill. Similarly to the April performance, the increase in the 4-month services
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Greek current account surplus up to 1.6 bln in September after fourth straight rise
EconomyMacroeconomy, the narrowing of the trade deficit reflects a lower net import bill for oil and ships. Excluding... to higher net payments for purchases of ships. In contrast, the net oil import bill as well... by 16.1 percent to 2.24 billion euros is due to lower net interest payments. In addition, the decrease
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Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011
EconomyMacroeconomy) to 212.53 billion euros. Monthly net deductions continued unabated since July 2012. They fell to 237... in 2014. The negative loan flow in October is fully attributed to household lending net deductions of 355 million euros, while corporate lending recorded net additions of 209 million for the first time
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomygovernment net receipts from the EU. In contrast, the services’ surplus rose by 128 million, while... in the trade deficit reflects higher net oil import bill largely offset by lower net payments... higher net payments for purchases of ships, while the net oil import bill posted a slight rise
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