Greece’s general government (gg) primary cash surplus amounted to 2.58 billion in the first three months of 2018, up 519 million euros compared to the same time last year, according to the Finance Ministry’s monthly gg bulletin.
The European Commission (EC) had to revise its growth estimates for Greece in its Spring 2018 forecasts and is now expecting the country to grow this year by 1.9 percent, from 2.5 percent previously.
The industrial conglomerate Mytilineos S.A’s first quarter (Q1) results show that turnover rose by 10 percent in the first three months of the year.
In its latest survey on Greece that the Organisation of Economic Co-operation and Development (OECD) published on Greece earlier in the week, the Paris-based think tank dedicates a section on lowering poverty and protecting households that through the loss of jobs and wage cuts have been severely affected by the crisis, leading to a significant surge in poverty rates.
A report by the diaNeOsis research and policy institute has painted a troubling picture of Greece’s taxation system as the country nears it programme exit.
As Greece approaches the end of its bailout programme, claims are emerging that the SYRIZA-ANEL government has been on a public sector hiring spree at the expense of already over-burdened taxpayers, while seeking to entrench itself in the state through political appointments.
The Organisation of Economic Co-Operation and Development (OECD) issued on Monday its latest survey on Greece, which was also accompanied by a visit to Athens by Secretary General Angel Gurria during which he met the Greek Prime Minister and other officials.
The Ellaktor Group of Companies’ financial results for 2017 showed that turnover for the financial year came to 1.87 billion compared to 1.94 billion euros for the same time last year, a reduction of 3.9 percent.
Greece’s Manufacturing PMI dropped by 2.1 points to 52.9 in April, nearing almost one full year where the reading has stayed above the 50-mark threshold.
Greek construction and energy group GEK Terna has released its financial statements for the year 2017 which showed that group turnover rose to 1.89 billion, an increase of 1.9 percent compared to the previous year.