Economy
EC forecast acknowledges pressure on Greek households, revises down growth
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.
Mytilineos Group posts 10.3 pct rise in Q1 net profits
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.
OECD report outlines steps to reduce burgeoning poverty rate in Greece
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.
Greece’s unstable and confusing tax system failing to deliver results
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.
Is the cost of Greece's public sector soaring again?
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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.
OECD highlights reforms and imbalances that need to be addressed
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.
Ellaktor losses in 2017 gain ground on previous year
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.
PMI slows to 52.9 pts in April, sector confidence hits all-time high
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.
GEK Terna revenues grow 1.9 pct in 2017, net profits jump significantly
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.
Strong deposit growth of 1.14 bln noted in March
Net deposit movement in the Greek banking system turned strongly positive in March, with inflows of 1.14 billion compared to inflows of 59 million in February, Bank of Greece (BoG) figures revealed on Monday.