Economy
Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
The Greek seasonally adjusted (SA) GDP at constant prices contracted by 0.4 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2016 after a short-lived marginal rise of 0.1 percent in Q4 2015, the Hellenic Statistical Authority (ELSTAT) flash estimates displayed on Friday.
Coca Cola HBC off to good start to 2016 with Q1 results
Coca-Cola HBC AG announced its Q1 2016 trading update on 13 May 2016, showing that the financial year got off to a good start for the company.
Titan Group Q1 2016 results propped by US growth
Titan Group posted their Q1 2016 financial report on Thursday, showing that, as with their end of year financial report for 2015, their presence in the US market continued to be a strong contributor to their overall growth.
Eurosystem funding falls below 100-bln mark for first time since Jan 2015
Greek banks’ Eurosystem funding dropped for the tenth straight month in April, albeit at the decelerating pace of 1.88 billion euros after a decrease of 2.78 billion in March, according to the Bank of Greece's (BoG) monthly financial statement on Thursday.
Unemployment rate slips to 24.2 pct in February
Greece’s seasonally adjusted (SA) unemployment rate slipped to 24.2 percent in February from 24.4 percent in January, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Drop in building activity slows to 12.2 pct in February
Greek building permits dropped at a decelerating pace of 12.2 percent in February from 18.8 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Greek tourism: Hopeful yet uncertain for 2016
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After a bumper tourism year in Greece last year, where an estimated 25 million visitors beat the grim economic climate of the country to visit in droves, the 2016 season has started out painting a more mixed picture.
Hellenic Petroleum beats forecasts with Q1 2016 results
Greece’s largest oil refiner, Hellenic Petroleum, beat forecasts on Wednesday for its Q1 2016 financial results and posted an adjusted EBITDA of 169 million euros, down 17 percent from the same period last year as opposed to the almost 20 percent drop forecast by analysts.
Net job hirings in private sector reach record high of 90,631 in April
The employment balance showed net hirings of 90,631 in April 2016, up by 10,408 compared to the corresponding period last year, according to the Labour Ministry’s information system (Ergani).
Eurozone sets out proposals for staggered debt relief for Greece
The Greek government was encouraged by the public references to debt relief following Monday’s Eurogroup in Brussels, although it was made clear that no real steps should be expected before the next gathering of eurozone finance ministers on May 24 and that any interventions would be spread over time.