Economy
CPI up by 1 pct in November
Greece’s Consumer Price Index (CPI) rose by 1 percent in November from a rise of 1.8 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
Greece’s general government (gg) primary cash surplus came to 6.68 billion euros in the first 10 months of the year, up by 311 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Trade deficit drops by 0.6 pct in October with aggregate increase at 1.4 pct
Greece’s trade deficit edged down by 0.6 percent year-on-year (YoY) in October compared to a sharp increase of 39.1 percent in September, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
Turnover in tourism grows by 9.4 pct during Q3
The turnover index in accommodation and food services remained positive for an ninth continuous quarter in the third quarter (Q3) of the year, dropping to 9.4 percent from a revised increase of 11 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
New strategic investment framework unveiled, faster licencing and tax breaks promised
A new strategic investment framework was presented yesterday by Economy Minister Yiannis Dragasakis aimed at fast-tracking investments into Greece.
Unemployment at 18.6 pct in September as unemployed decline by 11.1 pct year-on-year
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.
Greek tax rate hikes among highest in OECD countries, tax report shows
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 Holdings posts income of 29.3 mln, affiliate profits up to 60 mln in 9M
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.
GDP shows annual growth of 2.2 pct in Q3
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.
Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform
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.