Economy

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Photo via www.follifollie.gr Folli Follie revenues rise by 12.1 pct in 2016

Greek jewellery and fashion accessory designer and retailer Folli Follie’s annual results for 2016 show that revenues for the year reached 1.33 billion euros compared to 1.19 billion euros, up by 12.1 percent, continuing the group’s trend for recession-beating financial performance.

Photo by Panayotis Tzamaros/Fosphotos Primary cash balance turns to 295 mln deficit in Q1

Greece’s central government primary cash balance turned to a deficit of 295 million euros in the 3-month period of 2017 from surplus of 2.85 billion a year ago, Bank of Greece (BoG) figures showed on Thursday.

Photo via Flickr https://flic.kr/p/7BWNey IMF downgrades Greek GDP and unemployment forecasts

The publication of the International Monetary Fund’s World Economic Outlook (WEO) on Tuesday revealed worse estimates for the Greek economy compared to the upbeat set of forecasts included in its previous forecasts, which were released early last October.

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