Economy
GEK Terna revenues grow 18.3 pct in 2018 but profits fall
Greek construction and energy group GEK Terna has released its financial statements for the year 2018 which showed that group turnover rose to 1.40 billion, an increase of 18.3 percent compared to the previous year.
Disposable income rises by 1.7 pct YoY in Q4, final consumption grows 1.4 pct
Greek household disposable income grew by 1.7 percent year-on-year (YoY) in the fourth quarter (Q4) of 2018, growing from the rise of 4.1 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Fiscal data points to primary surplus of 4.4 pct in 2018, beating target of 3.5 pct
The Hellenic Statistical Authority (ELSTAT), announced on Tuesday the fiscal data for the period between 2015 and 2018 in the context of the first Excessive Deficit Procedure (EDP) notification of 2019.
PPC net results reflect loss of 542 million in 2018
Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) full year results for 2018 revealed that turnover fell by 4.1 percent during the year.
Travel balance rises to 51 mln in Feb as receipts shoot up by 29.6 pct
Greece’s travel balance increased significantly to 51 million in February from 18.5 million a year ago, Bank of Greece (BoG) data has shown.
Detailed SME study shows crisis impact and business evolution
The first annual survey of small and medium-sized enterprises (SMEs) carried out by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME GSEVEE) has illustrated the challenges faced by SMEs in recent years and called for measures to support them.
Athens holds fire on debt schemes, prepares tax relief measures
The government is hoping in the coming days to wrap up draft legislation for the new payment schemes it wants to introduce for social security and tax debts.
Industrial turnover rises by 7.7 pct in February
Greece’s industrial turnover picked up by 7.7 percent year-on-year (YoY) in February, reversing a decline of 7.6 percent seen in January, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Feb current account deficit at 990.4 mln as services balance improves
Greece’s current account (C/A) balance recorded a deficit of 990.4 million euros in February compared to a deficit of 1.18 billion in January, Bank of Greece (BoG) figures showed on Friday.
Hirings balance positive by 43,737 in March
The employment balance was positive in March with 43,373 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.