Search
-
HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingThe Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday This year’s bottom line ...
8% -
December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomySales in the Greek retail market fell by at least 2.5 percent in December compared to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE). Retail sales are esti...
8% -
Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate eased for the second straight month to 23 percent in October from 23.1 percent in September, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday. The headline figure for No...
8% -
Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomyGreek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit at a slower pace by 1.13 billion, following a decrease by 3.61 billion in the previous month, the Bank of Greece's (BoG) monthly financial statement reveal...
8% -
Stocks down by another 1.4 pct over week as Brussels talks prove inconclusive
EconomyThe Greek equity market headed south for the third successive week, dropping at an accelerating pace of 1.4 percent from 0.6 percent in the previous week. Investors remain concerned because the conclusion of the second programme review is still out of r...
8% -
Athens and creditors get down to details in final stretch of review
EconomyProgrammeThe new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days. Following the two 2-hour meetings that focused on energy and the...
8% -
Greek stocks edge down 0.6 pct ending three-week rally
EconomyThe Greek equity market traded sideways falling by 0.6 percent this week and ending a three-week rally that led to cumulative gains of 17.5 percent. Following the voting of the multi-bill with prior actions on Thursday night, all eyes are now on Monday’...
8% -
Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1.7 points in May after improving cumulatively by 2 points in the previous two months, European Commission (EC) figures showed on Tuesday. The ESI stood at 93.2 in May, which is the lowest reading since February...
8% -
Greek and Turkish PMs tone things down, look to new Cyprus talks
PoliticsForeign PolicyAthens is seeking a way to move towards a normalisation of Greek–Turkish relations through Turkish Prime Minister Binali Yildirim’s visit to Greece on Monday, when he held substantial talks with Greek Premier Alexis Tsipras. In their statements after th...
8% -
Disposable income edges down 0.1 pct in Q1
EconomyMacroeconomyGreek household disposable income slipped by 0.1 percent in the first quarter (Q1) of 2017, after edging up by 0.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. The headline figure for Q1 is the fourth...
8%