Economy
OTE revenues edge up by 0.3 pct to 1.86 bln in H1
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the first half (H1) of the year increased by 0.3 percent to 1.86 billion euros. The figure for the relevant period last year stood at 1.85 billion.
Coca Cola reports net profit drop of 10.1 pct in H1
Coca-Cola HBC’s first-half (H1) 2019 results show that net sales revenue edged up by 3.8 percent compared to the same period last year.
Trade deficit falls by 22.9 pct in June as imports drop sharply
Greece’s trade deficit dropped by 22.9 percent (YoY) in June compared to a rise of 56 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
Athens hopes lower bond yields strengthen case for reducing fiscal targets
The Greek government is keeping high up on its agenda the matter of renegotiating lower fiscal targets with the institutions as New Democracy tries to build its case ahead of talks with the creditors in September.
July employment balance turns negative by 14,691 after five straight months of positive data
The employment balance turned negative in July with 14,691 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.
Staikouras strikes note of caution on fiscal space and tax cuts
Greece’s finance minister revealed in an interview with Kathimerini newspaper over the weekend that the range of tax relief measures the governing party had pledged in the election campaign will be subject to the available fiscal space in 2020, which needs to be discussed and agreed with the European creditors.
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Fitch kept its credit rating for Greece unchanged at ‘BB-‘ with a stable outlook on Friday night.
New government sets sights on sustainable and wide-reaching tourism industry
Greece’s new tourism minister, Haris Theocharis, has said that Greece needs a ten-year plan to boost the country’s vital tourism sector.
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
The positive mood in Greece’s public debt market is showing no signs of letting up and was again reflected in the 26-week auction of T-bills that took place on Wednesday.
PMI rises to 54.6 in July, sentiment highest since July 2012
Greece’s manufacturing PMI rose to 54.6 points in July from 52.4 points in June, according to the latest data from Markit PMI.