Economy
Building activity increases for second straight month after 11.1 pct rise in Jan
Greek building permits increased for the second straight month in January but at the faster pace of 11.1 percent after a rise of 2.1 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Greece sees highest tax wedge increase among OECD countries in 2016
The tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1 percentage point (pp), which was the highest rise among the 35 OECD countries, the OECD Taxing Wages 2017 report revealed on Tuesday.
Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
Greek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
ESM takes stock of Greece's sovereign vulnerability
The European Stability Mechanism (ESM) published a report last week that assessed sovereign vulnerabilities in the five eurozone countries that had received bailout loans.
Car sales increase by 43.5 pct in March and 35.6 pct in Q1
Road motor vehicles (going into circulation for the first time) continued heading north soaring by 43.5 percent in March after a broadly similar rise of 43.1 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Industrial production rises at record high rate of 10.8 pct in Feb
The Greek Industrial Production Index (IPI) increased at a faster pace of 10.8 percent in February after a downward revised rise of 7.1 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
CPI rises at a faster pace of 1.7 pct in March
Τhe Greek Consumer Price Index (CPI) rose at an accelerating pace of 1.7 percent in March compared to 1.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Athens details fiscal counter-measures, a vital selling point for Tsipras
The expansionary counter-measures designed to balance the new fiscal interventions that Greece will have to implement, initially outlined by Finance Minister Euclid Tsakalotos at a press conference after Friday’s Eurogroup, were detailed in a report published by the Athens News Agency (AMNA) on Sunday.
Stocks finish week on high after progress at Eurogroup
The Greek equity market jumped 2.3 percent this week, mainly led by Friday’s gains of 1.5 percent, in the wake of the outline deal clinched at the Eurogroup and the decision taken for a return of the institutions’ mission chiefs to Athens as soon as possible.
PPC reverses net losses in 2016 results
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), has released its full-year financial report for 2016, showing that group turnover decreased by 8.3 percent to 5.25 billion euros compared to 5.73 billion in 2015.