A new strategic investment framework was presented yesterday by Economy Minister Yiannis Dragasakis aimed at fast-tracking investments into Greece.
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a second consecutive month in September, coming to 18.6 percent compared to 18.9 percent in August, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
The OECD’s annual Revenue Statistics report on tax has revealed that Greece’s tax to GDP ratio increased by 0.6 percentage points (pps) between 2016 and 2017, making the country’s tax rises among the highest out of 36 OECD countries surveyed.
ADMIE Holding SA reported its results for the first nine months (9M) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 29.3 million. Net profits came to 29.2 million euros, in line with forecasts.
Greece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2018, after an upwardly revised increase of 0.4 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Tuesday.
The Greek government wasted no time following the conclusion of the Eurogroup on Tuesday, as it submitted to Parliament draft legislation that will lead to the pension cuts that had been lined up for next year being cancelled.
The stock of unpaid social security contributions (SSCs) increased to 34.35 billion in the third quarter (Q3) of 2018, rising by 495 million compared to the figure of 33.86 billion euros registered in the second quarter (Q2) of 2018, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Greece’s manufacturing PMI picked up to 54 points in November from 53.1 in October, staying over the 50-mark threshold for a full year and a half.
Greece is not expected to feature prominently at Monday’s Eurogroup but eurozone finance ministers are expected to give the 2019 budget the final green light and urge Athens to quickly shift its attention to the 16 post-programme actions that have to be completed by February.
Piraeus Bank’s third quarter (Q3) results showed that net profits from continued operations came to 94 million euros, picking up from profits of 24 million in the previous quarter.