Economy
ELSTAT revises nominal 2015 GDP contraction to 1.3 pct
In its second estimate of the annual national accounts for 2015, the Hellenic Statistical Authority (ELSTAT) revised downward the drop in nominal GDP to 1.3 percent from the 0.9 percent initially announced on March 4.
September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
Greek banks’ Eurosystem funding fell by another 3.15 billion euros in September after a drop of 4.39 billion in August, Bank of Greece's (BoG) monthly financial statement showed on Thursday.
Countdown to start of second review begins, focus on more reforms
Following the political decision taken at Monday’s Eurogroup regarding the completion of the first review milestones and the disbursement of the sub-tranches, the focus is now shifting towards the second programme review.
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.