Economy
PPC, Hellenikon present government with first test of problem solving mettle
To the extent that government is an exercise in handling short-term obstacles thrown up by events, the dire state of Public Power Corporation’s (PPC) finances and unblocking the flagship Hellinikon investment are the first hurdles faced by Kyriakos Mitsotakis’s administration.
Building permits increase by 14.6 pct in April
Building permits rose by 14.6 percent year-on-year (YoY) in April, increasing from a drop of 14.4 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
The month-on-month rise in Greece's new tax debt came to 235 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.
National Bank first to test market waters in post-election afterglow
If the bull case for Greece includes a pro-business government rousing dormant animal spirits in markets, that part of the case is still sleeping off a post-election campaign hangover.
Unemployment falls to 17.6 pct in April, dipping under 18 pct for first time since Jul 2011
Greece’s seasonally adjusted (SA) unemployment rate dropped under 18 percent and came to 17.6 percent in April from an upward revised rate of 18.2 percent in March, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
June employment balance positive by 31,407
The employment balance was positive in June with 31,407 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
Industrial production falls by 1.2 pct in May
Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 1.2 percent in May compared to a revised increase of 1.7 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
CPI falls by 0.3 pct in June after 13 months of rises
Greece’s Consumer Price Index (CPI) dropped by 0.3 percent in June following a small rise of 0.2 percent in May, figures from the Hellenic Statistical Authority (ELSTAT) showed on Wednesday.
Car sales rise by 4.9 pct in June and 8.8 pct in aggregate period
Road motor vehicles going into circulation for the first time rose by 4.9 percent in June compared to a rise of 15.2 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Eurogroup emphasises limited room for discussion on fiscal targets
The first Eurogroup meeting after the election of a new government in Greece left New Democracy in no doubt that it faces a real challenge in trying to convince the institutions that the primary surplus for the coming years should be lowered.