Economy
PBO sees encouraging signs for economic and fiscal outlook
The Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report as several fiscal and macro fronts are moving in the right direction.
Piraeus Port Authority net profits rise by 27 pct in 2019
The Piraeus Port Authority (PPA) has released its annual financial statement for 2019, which revealed that turnover rose by 12.3 percent year-on-year.
Current account deficit more than halves to 2.57 bln in 2019
Greece’s current account (C/A) balance posted a deficit of 540.3 million euros in December, from a deficit of 1.39 billion in November, according to Bank of Greece (BoG) data released on Thursday.
OTE revenues rise by 2.9 pct in 2019 as profits fall
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in 2019 rose by 2.9 percent year-on-year (YoY).
Apartment prices rise by 7.5 pct in Q4 and 7.2 pct in 2019
The rise in the nominal value of apartments in Greece came to 7.5 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019 from a revised increase of 8.3 percent in Q3, Bank of Greece (BoG) data showed on Wednesday.
Central government debt increases by 2.16 bln to 356.01 bln in Q4
Greece’s central government debt increased by 2.16 billion euros to 356.01 billion euros quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2019, from 353.85 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Industrial turnover rises by 11.3 pct in December
Greece’s industrial turnover increased by 11.3 percent year-on-year (YoY) in December, recovering from a revised drop of 8 percent seen in November, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
Budget primary balance at 498 mln in Jan as net revenues fall short of target
The budget primary balance came to a primary surplus of 498 million euros in the first month of 2020, below target by 771 million euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed this week.
New businesses lowest in Greece versus EU with funding obstacles burdening enterprises
The creation of new enterprises in Greece is the lowest in the European Union (EU) according to data from Eurostat, tracking the growth of new businesses in 2017.
CPI rises by 0.9 pct in January
Greece’s Consumer Price Index (CPI) increased by 0.9 percent year-on-year in January following a rise of 0.8 percent in December, marking two positive readings after three negative months, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.