Economy
Samsung buys out Innoetics in latest boost for Greek tech sector
South Korean technology giant Samsung has bought out, Innoetics a small Greek tech firm, which specialises in text-to-speech (TTS) technology.
CPI up again in June with 1 pct increase
Greece’s Consumer Price Index (CPI) grew by 1 percent in June from 1.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Car sales rebound by 28.2 pct in June
Road motor vehicles (going into circulation for the first time) rose by 28.2 percent in June after falling by 2.7 percent in May, Authority (ELSTAT) data showed on Monday.
Industrial production grows 5.4 pct in May after marginal rise in April
Greece’s Industrial Production Index (IPI) increased by 5.4 percent in May following upwardly revised growth of 0.8 percent in May, ELSTAT data revealed on Monday.
Net job hirings reach 40,599 in six-month
The employment balance stayed positive in June 2017 with net hirings climbing by around 40,599 from 33,608 a year ago, data from the Labour Ministry’s Ergani information system revealed on Friday.
Trade deficit up 14.2 pct in May as imports increase along with exports
Greece’s trade increased by 14.2 percent in May after falling by 14.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
Greece’s seasonally adjusted (SA) unemployment declined to 21.7 percent in April from a downwardly revised rate of 22 percent in March, the Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
The conundrum of Greek olive oil exports
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A spell of bad weather in olive producing countries means that crops this year are not going to be as productive as previous years. The result is a spike in the price of olive oil.
General govt primary cash surplus at 2.25 bln in May, arrears rise
Greece’s general government (gg) primary cash surplus fell by 332 million euros from the previous year to 2.25 billion in the first five months of 2017 according to the Finance Ministry’s (MoF) gg bulletin.
PMI at 50.5 in June, posting first growth in 10 months
Greece’s Manufacturing PMI rose by 0.9 points in June according to Markit, standing above the 50.0 point no-change threshold for the first time since August 2016.