Economy
Greek Pharmaceuticals: The little pill with big potential
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The Greek pharmaceutical industry has remained a relatively strong sector despite the crisis - it contributes around 2.8 billion euros to GDP annually, according to the Greek government, and is one of the few industries in Greece which expanded its companies and workforce during the crisis rather than reduced it.
Building activity soars 35.4 pct in July mostly reflecting a low base effect
Greek building permits strongly rebounded by 35.4 percent in July, after a drop of 21.7 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Jumbo ends fiscal year with 15.7 pct profit increase
Greek retailer Jumbo has posted its results for the financial year of 2015/2016, showing that group sales increased year on year by 9.4 percent, continuing its strong track record of being one of the few recession-beating companies in Greece.
Eurogroup clears 1.1 bln, waits for arrears clearance data to release remaining 1.7 bln
The Eurogroup held in Luxembourg on Monday afternoon reached a political decision on the disbursement of 1.1 billion euros to Greece, which is the part of the sub-tranche of 2.8 billion that was subject to milestones.
Car sales increase by slower rate of 9.6 pct in Sept
The growth rate in the number of road motor vehicles (going into circulation for the first time) decelerated to 9.6 percent in September from 14.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Industrial production down 0.3 pct in Aug for first fall since Mar
The Greek Industrial Production Index (IPI) fell by 0.3 percent in August after an upward revised 4.7 percent rise in July, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
CPI falls at slightly higher pace of 1 pct in September
Τhe Greek Consumer Price Index (CPI) dropped at a slightly accelerating pace by 1 percent in September after falling by 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
IMF's role in Greek bailout remains in doubt
Despite discussions between International Monetary Fund and eurozone representatives about the Greek programme in Washington over the past few days, the two sides still seem far apart on how to progress.
Greek stocks rebound 2.1 pct, banks climb 5.7 pct
The Greek stock market moved sideways this week, ending with a 2.1 percent rise and banks outperforming.
Trade deficit rises 11.6 pct in Aug on slight increase in imports and stable exports
Greece’s trade deficit expanded by 11.6 percent in August, after surging by 88.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.