Economy
Industrial turnover falls by 9.4 pct in June
Greece’s industrial turnover continued its steady decline during 2016, falling by 9.4 percent year on year in June from a revised 13.6 percent drop in May, according to data released by ELSTAT on Friday.
Net job hirings rise again, reaching 19,281 in July - highest since 2001
The employment balance was kept positive for the sixth successive month with net hirings reaching 19,281 in July 2016 from net departures of 16,658 a year ago, the Labour Ministry’s information system (Ergani) data showed on Thursday.
Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln
Greece’s central government primary cash surplus fell by 607 million euros to 2.38 billion in the 7-month period of 2016 from 2.99 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday.
Property tax notices for 2016 to be issued, collection target remains same
The notices for the single property tax (ENFIA), one of the most significant individual taxes in Greece, are due to be published on Thursday August 18, according to a General Secretariat of Public Revenues (GSPR) announcement.
Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
Greece’s budget primary surplus slipped by 3.8 percent to 3.57 billion euros in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
Greek stocks rebound 2.4 pct, banks edge down for fourth successive week
The Greek equity market largely traded in positive territory this week but on extremely soft volumes with weekly gains at 2.4 percent.
Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
Greece’s seasonally adjusted (SA) GDP at constant prices rebounded by 0.3 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016 after a revised drop by 0.1 percent in Q1, Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday.
Building activity plummets 31.5 pct in May
Greek building permits dropped for the fifth successive month at a notably accelerating pace by 31.5 percent in May, following a 5.3 percent decline in April, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
Greek banks’ Eurosystem funding continued heading south for the thirteenth month in a row in July, when it decreased by 4.3 billion in July after a drop of 8.57 billion in June, the Bank of Greece's (BoG) monthly financial statement showed on Thursday.
Coca Cola posts strong FX neutral H1 results
Coca-Cola HBC AG has announced its H1 2016 results, which show that FX neutral net sales revenue increased by 2.4 percent. Accounting for currency movements, a 3.4 percent decline in net sales revenue was registered.