Economy
Car sales rise by 3 pct in September and drop by 26.7 pct in first 9 months
Road motor vehicles going into circulation for the first time rose by 3 percent in September compared to a drop of by 23.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Industrial production drops by 3.8 pct in August
Greece’s Industrial Production Index (IPI) decreased by 3.8 percent year-on-year (YoY) in August following a decrease of 0.2 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI falls by 2 pct YoY in September
Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in September compared to a decline of 1.9 percent seen in August, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Unemployment drops to 16.8 pct in July
Greece’s seasonally adjusted (SA) unemployment rate came to 16.8 percent in July from a slightly downward revised figure of 18 percent in June, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Trade deficit falls by 27.1 pct in August
Greece’s trade deficit fell by 27.1 percent year-on-year (YoY) in August compared to a drop of 17.1 percent in July, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
WWF sets out road to green economic recovery in post-Covid landscape
WWF Greece has released a blueprint for Greece’s green recovery which outlines a number of steps for the government to take to improve the country’s environmental profile.
General govt primary cash deficit at 5.49 bln in Aug, arrears up by 172 mln
Greece’s general government (gg) primary cash deficit came to 5.49 billion euros in the first eight months of the year compared to a surplus of 2.78 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Microsoft deal welcomed as Greece vies for more foreign investments
Microsoft has announced plans to create three data centres in Greece in a much-needed boost for the country’s investment profile as part of its "GR for GRowth" initiative.
Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
The Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek authorities see a substantial recovery next year that will offset most of the losses suffered in 2020 due to the pandemic.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
The International Monetary Fund (IMF) concluded on Friday its second post-programme monitoring mission, which took place remotely, by publishing the staff concluding statement.