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  1. Current account balance shows a surplus for third straight month, at 2.09 bln in August

    EconomyMacroeconomy

    billion respectively. The services’ surplus dropped by 3.9 percent primarily due to lower net transport...’ surplus by 2.3 percent in the 8-month period stems from lower net transport and other services’ receipts... million. Under the portfolio investment, a net drop by 228 million was posted in residents’ external

    4%

  2. Greek stocks up for second straight week, rising by 5.5 pct

    Economy

    of modest and gradual improvement in their funding. CCH posted a rise in 2015 net sales by 2.5 percent to 6.35 billion, while net profit fell by 5 percent to 280 million. The BoD will propose a dividend per share of 0.40 euros. Hellenic Telecom (OTE) net profit came in at 36.8 million in Q4 down by almost

    4%

  3. Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln

    EconomyMacroeconomy

    percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday. The net lending flow remained negative for the second straight month, with net deductions easing to 399 million...’ loan balances dropped to 93.74 billion euros, with monthly net deductions at 227 million slightly

    4%

  4. Current account deficit narrows by 45 pct to 804.3 mln in Feb

    EconomyMacroeconomy

    . Stripping out oil and ships, exports were kept almost stable, while imports decreased by 1.4 percent. Net... transaction in February. For the 2-month period, residents’ net assets from direct investment abroad... the portfolio investment, residents’ external assets posted a net increase of 1.2 billion euros in February

    4%

  5. Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln

    EconomyMacroeconomy

    to 2.3 percent in February, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow... lending deductions of 361 million, while corporate lending recorded net additions of 224 million... fell to 93.33 billion euros, with monthly net deductions reaching their highest level since last July

    4%

  6. Greek stocks rebound 1.9 pct during week

    Economy

    week. Corporate news OPAP posted first quarter (Q1) net profit of 43 million, down 26 percent.... Terna Energy net profit decreased by 42.6 percent to 7 million in Q1, while sales rose by 9.6 percent to 50.4 million and EBITDA by 4.1 percent to 30.5 million. GEK Terna Q1 net profit came in at 24

    4%

  7. Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    The employment balance displayed net hirings of 76,591 in May 2016, down by 9,555 compared... by the 45-64 years old group at 22-24 percent. The biggest positive contributors to May net hirings stem... of professions, the highest net hirings involve waiters and barmen (+17,041), cooks of hotels and restaurants

    4%

  8. Current account surplus almost doubles to 1 bln in June
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    prices rose by 4.3 percent. The deterioration in the services balance mostly stems from lower net... improved over the 6-month period mainly due to lower oil prices. Moreover, net payments for purchases... reflects lower net transport receipt mostly attributed to capital controls. In addition, travel

    4%

  9. Arrears clearance meets September target, unlocks latest tranche
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    the monitoring of net arrears clearance in the July-September period. Its positive assessment paved... in clearing both gross and net arrears and thus met the target set by the May 25 Eurogroup. In specific, EC... in September. For the three-month period to September, net arrears clearance stood at 1.51 billion euros

    4%

  10. Current account balance turns to deficit of 198 mln in Oct
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    that the improvement in the balance of goods excluding oil was counterbalanced by higher net oil imports... income balance mainly stems from lower net receipts, including taxes and subsidies on products and production. Moreover, the worsening secondary income balance reflects higher general government net

    4%