Economy
Stocks finish week on high after progress at Eurogroup
The Greek equity market jumped 2.3 percent this week, mainly led by Friday’s gains of 1.5 percent, in the wake of the outline deal clinched at the Eurogroup and the decision taken for a return of the institutions’ mission chiefs to Athens as soon as possible.
PPC reverses net losses in 2016 results
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), has released its full-year financial report for 2016, showing that group turnover decreased by 8.3 percent to 5.25 billion euros compared to 5.73 billion in 2015.
Trade deficit surges 17.7 pct in Feb on double-digit growth in imports
Greece’s trade deficit continued heading north at a double-digit rate in February, when it increased by 17.7 percent in February after exceptionally strong growth of 91.7 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
EYDAP turnover rises 1.4 pct in 2016
The Athens Water Supply and Sewerage Company (EYDAP) has released its full-year financial results for 2016, showing that turnover increased by 1.4 percent for the year in question, coming in at 328.8 million euros versus 324.2 million euros in 2015.
Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
Greece’s seasonally adjusted (SA) unemployment stayed stable at 23.5 percent in January 2017 after an upward revision of the December figure, which was initially reported at 23.1 percent, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs
Greek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets in the fourth quarter (Q4) of 2016, the second quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed on Wednesday afternoon.
Compromise proposal on table ahead of Friday's Eurogroup
Following a meeting in Brussels on Tuesday evening between representatives from the institutions and the Greek government, a compromise agreement on the fiscal measures beyond 2018 appears to be on the table.
Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
The employment balance remained positive in March 2017, with net hirings climbing to 38,517 from 29,351 a year ago, data from the Labour Ministry’s Ergani information system showed on Wednesday.
Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
The Independent Authority of Public Revenue (IAPR) published on Monday its annual report for 2016, which revealed useful data on the composition of Greece’s tax debt.
General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
Greece’s general government (gg) primary cash surplus fell by 430 million euros to 2.61 billion in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday evening.