Economy
IMF paper suggests shadow economy still thriving
A working paper from the International Monetary Fund (IMF) on the shadow economy of Europe has shown that the phenomenon continues to persist in the Greek economy.
Q3 sees loans managed by servicers rise by 10.8 pct QoQ to reach 20.11 bln
The Bank of Greece (BoG) released a new quarterly bulletin last week detailing statistics regarding the operations of Credit Servicing Firms (CSFs).
Budget primary surplus at 6.95 bln in Nov as expenditure drops
The budget primary balance recorded a surplus of 6.95 billion euros in the first eleven months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
Turnover in services improves strongly in Q3 2019
Turnover indices for the services sector recorded an improvement in the third quarter (Q3) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Apartment prices rise by 9.1 pct in Q3, hitting series high
The rise in the nominal value of apartments in Greece came to 9.1 percent year-on-year (YoY) in the third quarter (Q3) of 2019 from an increase of 7.7 percent in Q2, Bank of Greece (BoG) data showed on Thursday.
GEK Terna’s revenue drops but profits rise in 9M
Greek construction and energy group GEK Terna’s results for the first nine months (9M) of the year showed that revenue fell by 17.9 percent.
BoG data shows drop in card usage in first half of 2019
The Bank of Greece (BoG) Financial Stability Report for December has shed light on a number of fiscal trends in Greece, including the rise in card transactions in 2019.
Latest T-bill auction nets near-zero yield, rounding off landmark year for sovereign debt
Greece is rounding off the most successful year in its sovereign debt since 2010, and after three adjustment programmes, with the successful issue of a 52-week T-Bill on Wednesday that resulted in a yield close to zero.
Terna Energy net profits reach 27.9 mln in 9M
Renewable energy company, Terna Energy’s nine-month (9M) results show that revenues rose by 1 percent year-on-year (YoY) and came to 210.7 million.
Building permits increase by 8.5 pct in September
Building permits rose by 8.5 percent year-on-year (YoY) in September compared to a rise of 27 percent in August, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.