Economy
Ellaktor makes loss of 124.6 mln in 2018
The Ellaktor Group of Companies’ financial results for 2018 showed that turnover for the financial year came to 1.86 billion euros compared to 1.87 billion euros for the same time last year, edging down by a slight 0.5 percent.
Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
Greek banks’ Eurosystem funding declined by 625 million euros month-on-month (MoM) in March, the monthly Bank of Greece's (BoG) financial statement showed on Tuesday.
Travel balance rises by 9.2 pct to surplus of 13.90 bln in 2018
Greece’s travel balance for 2018 recorded a surplus of 13.90 billion euros, increasing by 9.2 percent from a surplus of 12.73 billion euros noted in 2017, according to figures released by the Bank of Greece (BoG).
Budget primary surplus at 1.46 bln in Mar, beating target by 2.42 bln
The budget primary balance recorded a surplus of 1.46 billion euros in the first three months of 2019, compared to a surplus of 1.88 billion noted in March 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
Greece tax wedge rises two places to 13th highest among OECD countries, report finds
The Organisation for Economic Cooperation and Development (OECD) has published a bulletin on the taxation of wages in various countries which shows the high levels of tax that Greek workers’ wages are subject to.
Building permits drop by 10.2 pct in Jan
Building permits decreased by 10.2 percent year-on-year (YoY) in January, deepening from a decline of 7.5 percent seen in December, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Eurosystem funding falls by 825 mln in Feb, banknotes in circulation rise by 50 mln
Greek banks’ Eurosystem funding declined by 826 million euros month-on-month (MoM) in February, the Bank of Greece's (BoG) latest monthly financial statement showed.
Unemployment rate edged up again in Jan, reaching 18.5 pct
Greece’s seasonally adjusted (SA) unemployment rate came to 18.5 percent in January, edging up from an upward revised rate of 18.4 percent in December, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
IMF sees Greece on course to meet fiscal targets and reduce debt
Following the publication of its macroeconomic forecasts for Greece as part of the World Economic Outlook (WEO) release cycle, the International Monetary Fund (IMF) released on Wednesday its latest projections for public finances in the Fiscal Monitor.
Sarantis Group net profits grow by 13.7 pct in 2018
Consumer product producer and retailer Sarantis Group’s full-year results for 2018 showed that turnover increased by 14.8 percent.