Economy
Greece falls to 79 out of 190 economies in ease of doing business ranking
The latest Doing Business Indicators report for 2020 by the World Bank Group has shown that Greece fell to number 79 out of 190 economies worldwide.
S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
S&P raised on Friday its credit rating for Greece by one notch, taking it to ‘BB-’, and kept its positive outlook for the country.
Disposable income rises by 5 pct YoY in Q2, final consumption up by 1 pct
Greek household disposable income grew by 5 percent year-on-year (YoY) in the second quarter (Q2) of 2019, increasing from the rise of 4.9 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Govt proposes property VAT reduction to kickstart home sales
The government is taking measures to reduce the VAT on all properties built from 2006 onwards in order to kick-start the country’s stagnant property market.
Mytilineos nine-month net profits rise by 2.5 pct
The industrial conglomerate Mytilineos S.A has released its nine-month (9M) results showing that turnover rose by 42.7 percent year-on-year (YoY).
Athens waits for credit rating upgrade as 10-year yield drops to new low
There has been a continuous flow of positive messages from the sovereign debt market for Greek authorities as strong demand for Greece’s public debt keeps pushing borrowing costs down.
Travel balance up by 14.4 pct in August, 8-month receipts show rise of 13.6 pct
Greece’s travel balance rose to 3.93 billion euros in August from 3.43 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 14.4 percent year-on-year (YoY).
Banks enter final quarter with high hopes for bad loan reduction while challenges remain
Greece’s banks entered the final quarter of the year with several key developments on the front of reducing their bad loan pile.
ELSTAT confirms third consecutive year or fiscal surplus in 2018
The Hellenic Statistical Authority (ELSTAT), announced on Monday the fiscal data for the period between 2015 and 2018 in the context of the second Excessive Deficit Procedure (EDP) notification of 2019.
Current account balance shows surplus of 1.87 bln in August
Greece’s current account (C/A) balance came to a surplus of 1.87 billion in August, rising from a surplus of 1.27 billion in July, according to Bank of Greece (BoG) figures released on Monday.