Economy
Grand projects and even loftier ambitions drive Greece's energy project bonanza
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Following a bleak few years, Greece’s energy sector is starting to show significant potential, with several major projects moving forward.
Building activity increases by 16.4 pct in October
Building permits rose by 16.4 percent in October, reversing September’s decline of 3 percent, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Budget primary surplus at 1.97 bln in 2017 on strong underspend
The budget primary balance recorded a surplus of 1.97 billion euros in 2017, down by 29.2 percent against the figure for 2016 which stood at 2.78 billion, MoF preliminary budget execution bulletin showed on Monday.
Net job hirings balance positive by 15,315 in December
The employment balance returned to positive territory in December as hirings outpaced departures by 15,315, data from the Labour Ministry’s Ergani information system revealed on Monday.
CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
Greece’s Consumer Price Index (CPI) rose by 0.7 percent in December, slowing from November’s growth of 1.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
Members of the Eurogroup Working Group (EWG) are due to meet again next week, after Greece has completed its prior actions, to finalise their recommendation to eurozone finance ministers.
Business balance positive in 2017, small companies continue to dominate
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Data from the General Commercial Register database (GEMI) has shown that in 2017, the balance of companies which joined the registry as opposed to those which left it was the highest since 2011.
Unemployment rate at 20.7 pct in October, previous month revised upwards
Greece’s seasonally adjusted (SA) unemployment rate came to 20.7 percent in October after the upward revision of September’s figure to 20.8 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Athens set to profit from falling borrowing costs as yields drop ahead of review completion
Greek borrowing costs have dropped significantly as the country nears the completion of what is meant to be its final adjustment programme.
Car sales rise by 16.1 pct in December, annual increase reaches 20.8 pct
Road motor vehicles going into circulation for the first time rose by 16.1 percent in December, which is the same rate as in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.