Economy
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
The budget primary balance came to a surplus of 1.54 billion euros in the first five months of 2018, the Finance Ministry (MoF) preliminary budget execution bulletin for May showed on Thursday.
GEK Terna revenues grow 32.6 pct in Q1, net profits dip sharply
Greek construction and energy group GEK Terna’s first quarter (Q1) results for 2018 showed that group turnover rose to 348.1 million, an increase of 32.6 percent compared to the previous year.
Unemployment rate stable at 21.2 pct in Q1
The Greek non-seasonally-adjusted unemployment rate came to 21.2 percent in the first quarter (Q1) of the year, remaining unchanged from Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Debt relief discussions continue as clock ticks down to June 21 Eurogroup
Just one week is left until the June 21 Eurogroup and speculation is mounting about what kind of debt relief package Greece can expect when eurozone finance ministers meet in Brussels.
Investors wait as Folli Follie Group takes stock amid intense scrutiny
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It’s no understatement to say that the last few weeks have been tumultuous for Greek jewellery and fashion accessory designer and retailer, Folli Follie Group.
Eurosystem funding falls by 716 mln in May
Greek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG) monthly financial statement has revealed.
Wages index rises by 2 pct in Q1 and 4.9 pct YoY
The seasonally adjusted (SA) Wages Index rose by 4.9 percent year-on-year (YoY) in the first quarter (Q1) of the year, after a rise of 2 percent in Q4 2017, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday.
Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
The drop in the nominal value of apartments in Greece came to 0.2 percent year-on-year (YoY) in the first quarter (Q1) of 2018, slowing from a revised drop of 0.4 percent in Q4 2017, Bank of Greece (BoG) data showed on Tuesday.
Building permits fall by 2.3 pct in March, absolute permits rise above 1,000
Building permits fell by 2.3 percent in March following a rise of 5.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Despite debt deal likely falling short, IMF to retain a role in Greece
International Monetary Fund managing director Christine Lagarde has vowed that her organisation will remain engaged in Greece after the end of the third programme, although it is looking almost certain that this will be in a technical capacity.