Economy
S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Standard and Poor’s (S&P) reaffirmed on Friday its credit rating for Greece at ‘B+’, also maintaining its positive outlook.
Overdue social security contributions top 35 bln in Q1
The stock of unpaid social security contributions (SSCs) increased to 35.36 billion in the first quarter (Q1) of 2019, rising by 572 million compared to the figure of 34.79 billion euros registered in the fourth quarter (Q4) of 2018, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Retail turnover falls by 2.3 pct in Feb, volume drops by 3.3 pct
Greece’s retail sales index fell by 2.3 percent in February compared to an upward revised decline of 2.6 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Overdue social security contributions rise to 34.79 bln in Q4 2018
The stock of unpaid social security contributions (SSCs) increased to 34.79 billion in the fourth quarter (Q4) of 2018, rising by 433 million compared to the figure of 34.35 billion euros registered in the third quarter (Q3) of 2018, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
GEK Terna revenues grow 18.3 pct in 2018 but profits fall
Greek construction and energy group GEK Terna has released its financial statements for the year 2018 which showed that group turnover rose to 1.40 billion, an increase of 18.3 percent compared to the previous year.
Disposable income rises by 1.7 pct YoY in Q4, final consumption grows 1.4 pct
Greek household disposable income grew by 1.7 percent year-on-year (YoY) in the fourth quarter (Q4) of 2018, growing from the rise of 4.1 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Fiscal data points to primary surplus of 4.4 pct in 2018, beating target of 3.5 pct
The Hellenic Statistical Authority (ELSTAT), announced on Tuesday the fiscal data for the period between 2015 and 2018 in the context of the first Excessive Deficit Procedure (EDP) notification of 2019.
PPC net results reflect loss of 542 million in 2018
Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) full year results for 2018 revealed that turnover fell by 4.1 percent during the year.
Travel balance rises to 51 mln in Feb as receipts shoot up by 29.6 pct
Greece’s travel balance increased significantly to 51 million in February from 18.5 million a year ago, Bank of Greece (BoG) data has shown.
Detailed SME study shows crisis impact and business evolution
The first annual survey of small and medium-sized enterprises (SMEs) carried out by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME GSEVEE) has illustrated the challenges faced by SMEs in recent years and called for measures to support them.