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Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly
Economy. Despite the outperformance they are still down by more than 68 percent in the post-capital controls period... this year before the imposition of capital controls. Corporate news During a presentation
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Committee of wise men proposes drastic changes to Greece's pension system
Economythe pension capital and bear a virtual interest rate based on macroeconomic assumptions... on the accumulated amount of the pension capital. At the time of retirement, the accumulated value of SSCs would
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Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years
EconomyMacroeconomyindustrial groupings recorded a marked fall, with energy and capital goods turnover plunging by 36.3... manufacturers experienced the harsh effects of the ongoing capital controls” with latest survey data
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBanking, excluding those related to loan provisions, after tax earnings and capital. Starting from the top-line... of October and is expected shortly after the release of their capital needs by the Single Supervisory
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Passing of broadcasting bill introduces new challenges for coalition
PoliticsGreek Politicsa minimum of 8 million euros in share capital to bid for a national broadcasting licence that would allow them to broadcast news as well as other programmes. The minimum share capital needed for regional
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Retail sales down by 4 pct in August for third straight fall
EconomyMacroeconomythe impact from the imposition of capital controls. The breakdown of August retail sales showed the bulk... impact from the capital controls. The seasonally adjusted (SA) figures, which eliminate the impact
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Industrial production up by 2.8 pct in Sept for second straight raise
EconomyMacroeconomy, capital goods’ production fell by 4.2 percent, consumer durables by 2.3 percent and intermediate.... In contrast, capital goods’ production strongly rebounded by 14.4 percent with energy production also
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Car sales down by 13.8 pct in Oct for the second fall this year
EconomyMacroeconomywas interrupted last July due to the capital controls and again in October amid rumors for higher road tax... customers amid fears for Grexit or imposition of capital controls and deposit haircut. The latter explains
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Industrial turnover falls by 14.7 pct in Sept for eleventh straight drop
EconomyMacroeconomya decrease in September with energy turnover plunging by 30.7 percent followed by capital goods (-8.3... 2014. “The lack of capital circulating through the economy continued to take its toll on operating
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Stock market slips 1.4 pct dragged by huge bank losses
Economythe announcement of capital needs to 77 percent. This is primarily attributed to the huge discounts of the offered prices in the capital increases that resulted in the recent sell-off. The biggest gains this week
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