Economy
Mytilineos Group and OPAP record lower profits in H1
The industrial conglomerate Mytilineos Group’s first half (H1) financial report has highlighted that turnover came to 926.7 million euros from 990.8 million euros in H1 2019, a fall of 6.5 percent year-on-year (YoY).
Unemployment rises to 18.3 pct in June
Greece’s seasonally adjusted (SA) unemployment rate came to 18.3 percent in June from an upward revised figure of 17.3 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
CPI falls by 1.9 pct YoY in August
Greece’s Consumer Price Index (CPI) fell by 1.9 percent year-on-year (YoY) in August compared to a decline of 1.8 percent seen in July, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Car sales drop by 23.6 pct in August and 29.4 pct in first 8 months
Road motor vehicles going into circulation for the first time fell by 23.6 percent in August, compared to a drop of 14 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Industrial production drops by 0.2 percent in July
Greece’s Industrial Production Index (IPI) decreased by 0.2 percent year-on-year (YoY) in July following a slightly downward revised decrease of 0.2 percent in June, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
Banks remain largely profitable in Q2, with focus on NPL reductions
Greece’s four systemic banks completed the second quarter of the year with relatively stable performance results amid the pandemic.
Property e-auctions resume after pandemic hiatus as banks focus on NPLs
Property e-auctions resumed last week after a six month hiatus due to the coronavirus pandemic as banks hoped to preserve prices for valuations.
Trade deficit falls by 17.1 pct in July
Greece’s trade deficit fell by 17.1 percent year-on-year (YoY) in July compared to a drop of 10.3 percent in June, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
Greece’s general government (gg) primary cash deficit came to 7.46 billion euros in the first seven months of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
H1 results for Greek corporates show signs of pandemic biting
Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) first half (H1) results for 2020 revealed that revenue fell by 2.4 percent during the quarter.