Economy
Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions
The government is lining up a new set of economic measures to help businesses struggling due to the impact of the coronavirus after receiving the all-clear from the Eurogroup regarding this year’s fiscal target.
Budget primary surplus at 823 mln in February
The budget primary balance recorded a surplus of 823 million euros in the first two months of 2020, compared to a surplus of 822 million noted in February 2019, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
Loans under credit servicing firms rise 17.1 pct QoQ to 23.54 bln
The Bank of Greece’s (BoG) released statistics for the fourth quarter (Q4) of 2019 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Turnover in services remains broadly positive in Q4 2019
Turnover indices for the services sector remained relatively stable in the fourth quarter (Q4) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Eurobank net profits at 256.7 mln in 2019
Eurobank recorded net profits of 107.6 million euros in the fourth quarter (Q4) of 2019 compared to net profits of 59 million in Q3.
Unemployment reaches 16.8 pct in Q4
The Greek non-seasonally-adjusted unemployment rate stood at 16.8 percent in the fourth quarter quarter (Q4) of the year, increasing from a rate of 16.4 percent noted in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Building permits increase by 50.3 pct in December and 12.6 pct in 2019
Building permits rose by 50.3 percent year-on-year (YoY) in December compared to a rise of 12.4 percent percent in November, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Wages index down by 0.1 pct in Q4 2019
Greece’s seasonally adjusted (SA) Wages Index edged down by 0.1 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019, following a drop of 1.2 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures revealed on Thursday.
More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth
The government is lining up more fiscal measures to prop up the economy as forecasters becoming increasingly gloomy about the impact of the coronavirus.
Car sales rise by 7.7 pct in February
Road motor vehicles going into circulation for the first time rose by 7.7 percent in February, compared to a rise of 8.3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.