Economy
Central government debt increases by 10.7 bln to 356.03 bln in Q3
Greece’s central government debt rose by 10.65 billion to 356.03 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2018, from 345.38 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
Industrial turnover positive for nine months with increase of 14.3 pct in September
Greece’s industrial turnover rose by 14.3 percent in September, dropping from the reading of 20.5 percent in August, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Hirings balance negative by 120,087 in October on seasonal movements
The employment balance turned sharply negative in October with 120,087 more departures than hirings, according to data form the Labour Ministry’s Ergani information system.
Primary cash surplus at 19.54 bln in October on monthly and aggregate expenditure falls
Greece’s central government primary cash balance recorded a surplus of 19.54 billion euros in the first ten months of the year, Bank of Greece (BoG) figures have shown.
Athens prepares final 2019 budget after green light to ditch pension cuts
The government is set to submit the final version of the 2019 budget to Parliament on Wednesday without the pension cuts that were pre-legislated in 2017 but with the so-called “positive” measures announced by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September.
What Greece imports and why
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It’s a point that is often touched upon regarding the makeup of Greece’s economy that the country imports far outweigh its exports, and have done so historically.
Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
The budget primary balance came to a surplus of 6.46 billion euros in the first 10 months of 2018, according to the preliminary budget execution bulletin for October published by the Finance Ministry (MoF) on Wednesday.
Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
Having weathered a tumultuous October, Greece’s domestic banking system and relevant stakeholders that include Bank of Greece and HFSF are looking into ways that will help banks reduce the risk on their books and bring down their non-performing exposures.
Motor Oil Hellas increases net profits by 14.6 pct in 9M
Motor Oil Hellas’ financial results for the first nine months (9M) of 2018 show that group revenues increased by 20.9 percent compared to the same time last year.
Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
Greek banks’ Eurosystem funding increased by 974 million euros month-on-month (MoM) in October, the Bank of Greece's (BoG) monthly financial statement has revealed.