Economy
Industrial turnover edges down by 0.5 pct in September
Greece’s industrial turnover edged down by 0.5 percent year-on-year (YoY) in September following a slightly revised decrease of 8.2 percent in August, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF consultation report pinpoints health of Greek banks as central to growth
In the Article IV consultation report that was published on Friday, the International Monetary Fund (IMF) took a detailed look into Greece’s banking sector, as the Fund has repeatedly stated that restoring Greek banks back to health is a prerequisite for the country to attract investment and achieve higher growth rates, while it remains an area of fiscal and wider financial stability risks.
Budget primary surplus at 5.76 bln in October as expenditure drops
The budget primary balance recorded a surplus of 5.76 billion euros in the first ten months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
OECD report traces change in public spending over a decade
The latest OECD Government at a Glance report for 2019 has illustrated the way in which public spending has changed in Greece across the crisis years.
IMF cool on growth, urges greater effort on bank, fiscal and labour reforms
The International Monetary Fund (IMF) issued on Friday its latest Article IV consultation report for Greece and its assessment of the condition and prospects of the Greek economy.
Sarantis Group turnover rises 9 pct in nine-month period
Consumer product producer and retailer Sarantis Group’s results for the nine-month period (9M) of the year showed that turnover improved by 9 percent.
Greek govt gears for final Eurogroup of 2019, hoping for better terms
The Greek government has set its sights on the last Eurogroup of the year, hoping that it will manage to secure from the country’s official creditors higher investment spending through the allocation of SMP and ANFA profits that are due to be released in two tranches next year, and a looser fiscal path from 2021.
HRADF development plan lays out list of actions pending for privatisations
The Hellenic Republic Asset Development Fund (HRADF) has noted in its revised business development plan that a number of barriers still remain in place for several major privatisations to move forward, including the redevelopment of the Hellinikon.
Eurobank first to tackle NPL reduction via APS
Eurobank is planning to use 2.5 billion euros of state guarantees from the Hercules plan to securitise its Cairo portfolio.
Coca-Cola HBC net revenues rise by 4.3 pct in nine-month period despite wet summer
Coca-Cola HBC’s results for the first nine months (9M) of 2019 showed that net sales revenue grew by 4.3 percent year-on-year.