Economy
Car sales drop by 28.5 pct in January
Road motor vehicles going into circulation for the first time fell by 27.8 percent in January compared to a drop of 6 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
Within the context of its Winter Forecasts, the European Commission gave on Thursday an updated outlook on the performance of EU economies, which suggest Greece suffering a deeper recession last year and slower growth for 2021.
Unemployment drops to 16.2 pct in November amid rise in ‘inactives’
Greece’s seasonally adjusted (SA) unemployment rate fell to 16.2 percent in November from a downward revised figure of 16.4 percent in October, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Coca-Cola HBC sales revenue falls by 12.7 pct in 2020
Coca-Cola HBC’s full year results for 2020 showed that net profit dropped 14.9 percent last year to 414.9 million euros.
Finance Ministry grapples with escalating cost of pandemic
Finance minister Christos Staikouras announced on Monday that the cost of support measures for the economy in the first quarter alone will come to 5.9 billion euros – close to 80 percent of the amount budgeted for the whole year.
Industrial production up by 3.3 percent in December
Greece’s Industrial Production Index (IPI) rose by 3.3 percent year-on-year (YoY) in December following a revised increase of 8.9 percent in November, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
Greece’s general government (gg) primary cash deficit came to 12.55 billion euros last year compared to a surplus of 9.46 billion in 2019, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Trade deficit falls 10.8 pct in December as exports rise slightly
Greece’s trade deficit fell by 10.8 percent year-on-year (YoY) in December compared to a drop of 18 percent in November, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
Mytilineos Group’s turnover drops by 16 pct in 2020
The industrial conglomerate Mytilineos Group’s full year 2020 financial report has highlighted that turnover dropped to 1.9 billion euros from 2.26 billion euros in 2019, a fall of 16 percent year-on-year (YoY).
Pandemic drove 28.4 bln of bank loans into moratorium last year
The quantity of loans that went into moratorium last year from the end of March stood at 28.4 billion euros, according to an update from the Finance Ministry.