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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomy). According to the BoG, the higher net import bill, primarily for oil and to a lesser extent... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases and higher net oil import bill were the key reasons for the deterioration of the trade balance
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyrespectively. According to the BoG, the narrowing of the trade deficit reflects a lower net import... that the widening of the trade deficit is attributed to a higher net import bill for oil and ships, which... in the services’ surplus by 17.4 percent is mainly owed to higher net travel receipts followed by hiking net
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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 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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Greek stock market loses 1.8 pct in week of mixed messages, Q1 results
Economynet profit of 11.9 million (+12.7 percent) led by a double-digit rise in sales by 11.5 percent... in line with market estimates. OPAP's Q1 results showed net profit reached 58 million up 16.9 percent.... On Wednesday, Mytilineos posted a strong growth in Q1 net profit by almost 50 percent to 22.8 million
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