Economy
Greece as an energy hub: Reality or wishful thinking?
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“Energy is the spearhead of Greece’s economic growth policy. The government’s aim is to make Greece a multiple energy hub,” Prime Minister Alexis Tsipras said in May during a press conference.
OPAP Q1 net profits decline on back of VLT rollout
The Greek Organisation of Football Prognostics' (OPAP) net profits came to 39.0 million euros, down by 8.7 percent from adjusted net profits of 42.8 million for Q1 2016.
Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Building activity rises 24.7 pct in March
Building permits rose by 24.7 percent in March, recovering from a decline of 4.2 percent in the previous month, according to ELSTAT data released on Monday.
Stocks edge down 0.6 pct this week amid soft volumes
The Greek stock market edged down 0.6 percent this week amid subdued trading activity as investors adopted a wait-and-see stance due to a lack of meaningful developments ahead of next Thursday’s Eurogroup.
Car sales drop 2.5 pct in May for second successive month
Road motor vehicles (going into circulation for the first time) continued heading south for the second straight month in May but at a slower pace of 2.7 percent after a drop of 7.5 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Wages index improves 1 pct in Q1 but falls QoQ for second straight quarter
The seasonally adjusted (SA) Wages Index rebounded for the sixth successive quarter by 1 percent year on year (YoY) in the first quarter (Q1) of 2017 after edging up by 0.2 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures revealed on Friday.
Industrial production edges up 1 pct in April after double-digit growth in previous two months
Greece’s Industrial Production Index (IPI) edged up by 1 percent in April after upward revised growth of 10.1 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI growth slows to 1.2 pct in May
Τhe Greek Consumer Price Index (CPI) grew by 1.2 percent in May decelerating from the 1.6 percent growth recorded in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Folli Follie continues strong performance with Q1 2017 results
Jewellery and fashion accessory designer and retailer Folli Follie has reported an 8.3 percent increase in revenues in Q1 2017 compared to the same period last year.