Economy
EC upbeat on reforms paying off, as long as they continue
In a background paper published on Monday, the European Commission (EC) takes stock of the progress in the first two thirds of Greece’s European Stability Mechanism (ESM) programme and provides an overview of the measures undertaken to date to achieve its four main objectives.
Eurosystem funding falls by 4.38 bln in October as ELA declines
Greek banks’ Eurosystem funding fell by an additional 4.38 billion euros in October, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
Aegean Airlines' nine-month results show 40 pct rise in net profits
Aegean Airlines’ nine-month results for 2017 showed that revenues grew by 9 percent compared to the same time last year while net profits for the period rose by 40 percent.
Building activity drops by 5.2 pct in August
Building permits went down by 5.2 percent in August, falling at a greater rate than the drop of 2.4 percent seen in August, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Net job hirings balance turns negative by 98,420 in October
The employment balance turned negative in October as hirings fell short of departures by 98,420, data from the Labour Ministry’s Ergani information system revealed.
Hellenic Petroleum sales increase by 24 pct in nine-month period
Greece’s largest oil refiner, Hellenic Petroleum’s financial results for the first half (H1) of the year show that the group’s sales rose by 24 percent during the first nine months of the year.
IMF adds to calls for no further delays to e-auctions
The International Monetary Fund has added its voice to those on the lenders’ side calling for the Greek government to ensure that electronic auctions are up and running as soon as possible, with the issue gradually becoming one of the defining aspects of the third review.
Coca Cola-HBC revenues rise by 5 pct in Q3
Coca-Cola-HBC’s results for the third quarter (Q3) of 2017 showed that revenue grew by 5 percent year-on-year.
EC sees lower growth in 2017 but no concerns for fiscal targets
The European Commission remains optimistic about the Greek economy’s prospects in its Autumn forecasts, which were released on Thursday.
Industrial production grows by 2.4 pct in Sept
Greece’s Industrial Production Index (IPI) increased by 2.4 percent in September after a mild downward revision of August’s figure to 5.5 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.