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Greek banks reduce borrowing from ELA in May

Greek banks reduce borrowing from ELA in May

Greek bank reduced their borrowing from the ELA mechanism to below 10 billion euros in May, the Bank of Greece said on Tuesday.

The central bank, in a report, said that borrowing from the Emergency Liquidity Assistance mechanism fell to 9.6 billion euros at the end of May, from 10.2 billion a month earlier. Borrowing

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Insurance corporations’ assets up in Q1, central bank reports

Insurance corporations’ assets up in Q1, central bank reports

The total assets of insurance corporations increased to 16,953 million euros in the first quarter of 2018, from 16,894 million in the previous quarter, the Bank of Greece said on Tuesday.

The central bank, in a report, said that the overall deposits of insurance corporations increased by 77 million euros in the January-March period, compared to the

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Gov’t presents new, mostly lower, special property tax rate

Gov’t presents new, mostly lower, special property tax rate

About 23 pct of property owners in Greece will pay a reduced special property tax this year, while 62 pct will see no change, 12 pct will pay up to 50 euros more, 2.3 pct will see increases of 50-200 euros and 0.7 pct will see their tax increase by more than 200 euros, the finance ministry said on Tuesday.

In an

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Mitsotakis to seek those responsible for money lost recapitalising banks

Mitsotakis to seek those responsible for money lost recapitalising banks

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis attacked the government and pledged to seek out those responsible for the money lost in efforts to recapitalise Greek banks, while addressing the Greek Banking Association on Tuesday.

After harshly attacking the SYRIZA-ANEL government for its overall

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ELSTAT: Private building activity fell 3.6 pct in March

ELSTAT: Private building activity fell 3.6 pct in March

Private building activity fell 3.6 pct in volume in March compared with the same month in 2017, Hellenic Statistical Authority said on Tuesday.

The statistics service, in a monthly report, said that private building activity totaled 1,339 permits in March, down 2.0 pct from the same month last year.

In the first

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Stathakis: New law puts Greece at forefront of EU energy

Stathakis: New law puts Greece at forefront of EU energy

Greece is at the forefront of Europe thanks to a recent law it approved on energy communities, Energy Minister Giorgos Stathakis told Athens-Macedonian News Agency on Monday.

He was participating at an EU energy council meeting in Luxembourg, where talks focused on deciding on EU targets for 2030, in relation to

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Greek stocks came under strong selling pressure in the ASE on Monday

Greek stocks came under strong selling pressure in the ASE on Monday

Greek stocks came under strong selling pressure in the Athens Stock Exchange on Monday despite a positive climate prevailing in other European markets and in the domestic bond market.

The general index of the market fell 1.82 pct to end at 758.96 points, with the Large Cap index falling 1.57 pct and the Mid Cap index

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FinMin upbeat that Greece will get a good deal at Eurogroup

FinMin upbeat that Greece will get a good deal at Eurogroup

Finance Minister Euclid Tsakalotos was upbeat on Monday that the June 21 eurogroup will come up with a good solution on Greek debt relief.

“On June 21 we hope that we will have a good solution,” he told a parliamentary committee discussing the draft bill to be voted on Thursday.

“It will not be a precautionary credit l

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Nielsen survey: Greek consumer confidence index unchanged in Q1

Nielsen survey: Greek consumer confidence index unchanged in Q1

Greek consumers’ optimism was unchanged in the first quarter of 2018, remaining at same levels as in the second half of 2017, Nielsen said in its consumer confidence survey released on Monday.

The consumer confidence index was 61 points in the first three months of the year, slightly up from 60 points in the third and

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Hellenic Statistical Authority: Greek car sales up 18.7 pct in May

Hellenic Statistical Authority: Greek car sales up 18.7 pct in May

Greek car sales grew 18.7 pct in May, totaling 19,977 vehicles (new or used), from 16,826 in the same month last year, Hellenic Statistical Authority said on Monday.

The statistics service, in a report, said that new car sales totaled 13,159 in May, up 14.8 pct from the same month last year.

In the January-May period,

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Balance of employment flows hit 17-year highs in May

Balance of employment flows hit 17-year highs in May

The balance of employment flows in the private sector was positive in May, totaling 108,725 job positions, the “Ergani” IT system of the Labour ministry said in a report released on Monday.

The report said that the balance of employment flows recorded the highest monthly performance since 2001, both in May and in the

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Protection mechanism for ESM loans linked to dividends, finance ministry clarifies

Protection mechanism for ESM loans linked to dividends, finance ministry clarifies

The Greek finance ministry on Monday said claims that the government was offering state property as collateral to guarantee the repayment of loans to the European Stability Mechanism (ESM) was “unfounded and misleading”.

In an announcement, the ministry said that a draft omnibus bill currently being fast-tracked

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Major financial, tax and legislative interventions planned after August

Major financial, tax and legislative interventions planned after August

The government will strive to implement a plan of major financial, tax and legislative interventions after August, State Minister Christoforos Vernardakis said on Monday in an interview with “Sto Kokkino” radio station.

“We will actively demonstrate that we are exiting a state of surveillance, recession and crisis,” he

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Exports rise in April for fourth straight month

Exports rise in April for fourth straight month

“Despite the challenges of the international environment, Greek exporters managed to secure high growth rates for the fourth straight month,” said the Panhellenic Exporters Association.

Figures released by the Hellenic Statistical Authority earlier Thursday showed that exports in April rose 11.6 percent to 2.58 billion

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Insurance premium production up 3.2 pct in Jan-April

Insurance premium production up 3.2 pct in Jan-April

Insurance premium production grew 3.2 pct in the first four months of 2018 to 1.32 billion euros, the Association of Insurance Companies of Greece said in a report released on Thursday.

The report said that premium production in the life insurance sector totaled 615.1 million euros, down 1.3 pct compared with the same

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