Economy
Industrial production rises at record high rate of 10.8 pct in Feb
The Greek Industrial Production Index (IPI) increased at a faster pace of 10.8 percent in February after a downward revised rise of 7.1 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
CPI rises at a faster pace of 1.7 pct in March
Τhe Greek Consumer Price Index (CPI) rose at an accelerating pace of 1.7 percent in March compared to 1.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Athens details fiscal counter-measures, a vital selling point for Tsipras
The expansionary counter-measures designed to balance the new fiscal interventions that Greece will have to implement, initially outlined by Finance Minister Euclid Tsakalotos at a press conference after Friday’s Eurogroup, were detailed in a report published by the Athens News Agency (AMNA) on Sunday.
Stocks finish week on high after progress at Eurogroup
The Greek equity market jumped 2.3 percent this week, mainly led by Friday’s gains of 1.5 percent, in the wake of the outline deal clinched at the Eurogroup and the decision taken for a return of the institutions’ mission chiefs to Athens as soon as possible.
PPC reverses net losses in 2016 results
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), has released its full-year financial report for 2016, showing that group turnover decreased by 8.3 percent to 5.25 billion euros compared to 5.73 billion in 2015.
Trade deficit surges 17.7 pct in Feb on double-digit growth in imports
Greece’s trade deficit continued heading north at a double-digit rate in February, when it increased by 17.7 percent in February after exceptionally strong growth of 91.7 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
EYDAP turnover rises 1.4 pct in 2016
The Athens Water Supply and Sewerage Company (EYDAP) has released its full-year financial results for 2016, showing that turnover increased by 1.4 percent for the year in question, coming in at 328.8 million euros versus 324.2 million euros in 2015.
Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
Greece’s seasonally adjusted (SA) unemployment stayed stable at 23.5 percent in January 2017 after an upward revision of the December figure, which was initially reported at 23.1 percent, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs
Greek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets in the fourth quarter (Q4) of 2016, the second quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed on Wednesday afternoon.
Compromise proposal on table ahead of Friday's Eurogroup
Following a meeting in Brussels on Tuesday evening between representatives from the institutions and the Greek government, a compromise agreement on the fiscal measures beyond 2018 appears to be on the table.