Economy
Job hirings at record high of 24,938 in Feb, negative employment balance for year-to-date
The employment balance remained positive in February 2017 with net hirings soaring to 24,938 from 14,437 last year, data from the Labour Ministry’s Ergani information system revealed on Thursday.
Turnover in tourism sector sees second successive rise in Q4 with 4.3 pct increase
The Turnover Index in Accommodation and Food Services increased at an accelerating pace of 4.3 percent in the fourth quarter (Q4) of 2016, after an upward revised growth rate of 2.9 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Unemployment rate stable for third month at 23.1 pct in Dec
Greece’s seasonally adjusted (SA) unemployment remained stable at 23.1 percent in December, following revisions of the previous two months’ data, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
Greece, lenders tie up some loose ends and continue negotiating
Further progress was made during meetings between the Greek government and the institutions’ mission chiefs on Wednesday, with Finance Ministry sources saying that the out-of-court workout issue has been settled.
Piraeus Bank appoints new CEO, ending a long period of uncertainty
Piraeus Bank announced on Wednesday evening that Christos Megalou was unanimously elected as CEO by the bank’s Board of Directors.
Car sales hit the accelerator in Feb, increasing by 43.1 pct
Road motor vehicles going into circulation for the first time increased by 43.1 percent in February after growing by 22.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Athens sees faster pace of progress in review talks but no final deal yet
Following the small progress made during Monday’s talks, Greek government sources appeared more optimistic after Tuesday’s meetings noting that a “quite large agreement” has been reached on many issues.
General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln
Greece’s general government (gg) primary cash surplus rose by 120 million euros to 1.42 billion in January from 1.3 billion a year ago, the Finance Ministry (MoF) gg bulletin showed on Tuesday evening.
Round of talks nearing end with limited progress, serious doubts about March 20 goal
Following a series of inconclusive meetings over the previous days, some progress was apparently recorded during discussions between Greek ministers and the institutions’ mission chiefs on Monday evening.
Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
Greece’s seasonally adjusted (SA) GDP dropped by 1.2 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after downward revised growth of 0.6 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Monday.