Economy
Primary cash surplus at 132 mln in January
Greece’s central government primary cash balance recorded a surplus of 132 million euros in January according to figures released by the Bank of Greece (BoG).
Travel balance surplus up by 10.9 pct in 2019 as 31.3 mln visitors roll in
Greece’s travel balance rose to a surplus of 42.7 million euros in December according to Bank of Greece (BoG) data released on Friday, representing a rise of 84.6 percent compared to the same time last year.
Hotel industry sees investment in high-end units, but hampered by seasonality
The Greek hotel sector reported strong performance in 2019 with revenues rising by 7.3 percent year-on-year (YoY) according to data presented by the Hellenic Chamber of Hotels (HCH).
PBO sees encouraging signs for economic and fiscal outlook
The Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report as several fiscal and macro fronts are moving in the right direction.
Piraeus Port Authority net profits rise by 27 pct in 2019
The Piraeus Port Authority (PPA) has released its annual financial statement for 2019, which revealed that turnover rose by 12.3 percent year-on-year.
Current account deficit more than halves to 2.57 bln in 2019
Greece’s current account (C/A) balance posted a deficit of 540.3 million euros in December, from a deficit of 1.39 billion in November, according to Bank of Greece (BoG) data released on Thursday.
OTE revenues rise by 2.9 pct in 2019 as profits fall
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in 2019 rose by 2.9 percent year-on-year (YoY).
Apartment prices rise by 7.5 pct in Q4 and 7.2 pct in 2019
The rise in the nominal value of apartments in Greece came to 7.5 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019 from a revised increase of 8.3 percent in Q3, Bank of Greece (BoG) data showed on Wednesday.
Central government debt increases by 2.16 bln to 356.01 bln in Q4
Greece’s central government debt increased by 2.16 billion euros to 356.01 billion euros quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2019, from 353.85 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Industrial turnover rises by 11.3 pct in December
Greece’s industrial turnover increased by 11.3 percent year-on-year (YoY) in December, recovering from a revised drop of 8 percent seen in November, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.