Economy

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Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG EC upbeat on reforms paying off, as long as they continue

In a background paper published on Monday, the European Commission (EC) takes stock of the progress in the first two thirds of Greece’s European Stability Mechanism (ESM) programme and provides an overview of the measures undertaken to date to achieve its four main objectives.

Photo by Panayotis Tzamaros/Fosphotos Building activity drops by 5.2 pct in August

Building permits went down by 5.2 percent in August, falling at a greater rate than the drop of 2.4 percent seen in August, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.

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