Economy
Trade deficit falls by 3.1 pct in June
Greece’s trade deficit dropped by 3.1 percent in June after a double-digit increase in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
SETE study presents short- and longer-term prospects of Greek tourism
The Association of Greek Tourism Enterprises (SETE) published on Thursday the first issue of a periodical study outlining the developments and prospects of Greek tourism.
General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln
Greece’s general government (gg) primary cash surplus expanded considerably to 3.33 billion euros in the first half of 2016 from just 245 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Thursday.
Metka profits decline in H1 2016
Engineering group Metka which specialises in large-scale projects in energy, infrastructure and defence sectors has posted its H1 2016 results.
New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln
Greece’s new unpaid taxes increased by another 1.22 billion euros in June, in line with the 1.25 billion rise recorded in May, General Secretariat of Public Revenues (GSPR) data displayed on Thursday.
Unemployment rate stable at 23.5 pct in May after upward revision for April
Greece’s seasonally adjusted (SA) unemployment rate remained stable at 23.5 percent in May after the April figure, initially reported at 23.3 percent, was increased to the same figure, the Hellenic Statistical Authority’s (ELSTAT) labour force survey showed on Thursday.
Finance Ministry says revenues beat revised target by 105 mln in July
In response to Wednesday’s press reports noting that net revenues in July fell short of their target by more than 500 million euros, the Finance Ministry (MoF) clarified via a non-paper that July revenues actually outperformed, but compared to a revised target.
Mytilineos Group H1 2016 turnover steady, profits down
The industrial conglomerate Mytilineos Group has released its H1 2016 financial report showing that the group managed to maintain steady growth in the face of a challenging domestic and international business environment, but did register some marginal losses compared to the same period last year.
Bank of Greece publishes revised Code of Conduct for management of NPLs
Bank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1 million euros).
S&P raises core Greek banks’ ratings, with a stable outlook
Standard & Poor’s raised on Tuesday evening the four core Greek banks’ ratings to ‘CCC+/C’ from ‘SD,’ with a stable outlook, in the wake of capital controls being relaxed.