Economy
Greece braces for deeper Covid-19 impact on economy, budget and public debt
The Finance Ministry is gradually accepting that the impact of Covid-19 in Greece will exact a heavy toll on the economy and the budget, with implications for the country’s public debt.
CPI unchanged in March YoY, rises by 1.6 pct MoM
Greece’s Consumer Price Index (CPI) was unchanged year-on-year (YoY) in March compared to a slight increase of 0.2 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Worst ever negative employment balance recorded in March as virus measures hit
The employment balance turned sharply negative in March with 41,903 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.
Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
After more lengthy negotiations, eurozone finance ministers arrived at an agreement on Thursday night to add to the measures that have already been announced to combat the economic impact of Covid-19.
Car sales drop by 50.8 pct in March
Road motor vehicles going into circulation for the first time fell sharply by 50.8 percent in February, compared to a rise of 7.7 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Industrial production falls by 3.4 percent in February
Greece’s Industrial Production Index (IPI) fell by 3.4 percent year-on-year (YoY) in February compared to a revised decrease of 1 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
Unemployment at 16.4 pct in January
Greece’s seasonally adjusted (SA) unemployment rate came to 16.4 percent in January, unchanged from December, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
Greece’s general government (gg) primary cash surplus came to 1.44 billion euros in the first two months of the year, down by 1.49 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
Tuesday’s Eurogroup teleconference ended in disagreement and is set to be repeated on Thursday, although Greece did secure a boost from the European Central Bank, which decided to allow Greek sovereign bonds to be used as collateral by local banks.
Lamda Development reports net profits of 49.9 mln in 2019
Property developer Lamda Development’s full year results for 2019 show a net profit of 49.9 million euros, improving from net profits of 42.3 million in 2018.