Economy
OPAP H1 net profits increase by 39 pct
The Greek Organisation of Football Prognostics (OPAP) has released its results for the first half (H1) of the year, showing that gross gaming revenues (GGR) rose by 5.7 percent during the period compared to the same time last year.
Turnover in tourism rises by 12.9 pct in Q2
The turnover index in accommodation and food services rose by 12.9 percent year-on-year (YoY) in the second quarter (Q2), reversing a negative reading of 19.2 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Wages index up by 2.2 pct in Q2 for ninth straight increase
Greece’s seasonally adjusted (SA) Wages Index rose by 2.2 percent year-on-year (YoY) in the second quarter (Q2) of 2019, following an increase of 1.8 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday.
Lamda Development’s net profits rise 48.2 pct in H1
Property developer Lamda Development has reported net profits of 37.2 million euros in the first half (H1) of the year versus profits of 25.1 million in H1 2018.
Car sales rise by 20.2 pct in August
Road motor vehicles going into circulation for the first time rose by 20.2 percent in August compared to a revised rise of 25.3 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
CPI drops by 0.2 pct in August
Greece’s Consumer Price Index (CPI) contracted by 0.2 percent year-on-year (YoY) in August after remaining static in July, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Athens preparing to present budget plans to lenders after tax cut pledges
Finance Minister Christos Staikouras is preparing to provide his eurozone counterparts with more details on Friday about the government’s fiscal plans, as set out by Prime Minister Kyriakos Mitsotakis at the Thessaloniki Expo over the weekend.
New overdue tax debt comes to 104.8 bln in July, number of debtors jumps
The month-on-month rise in Greece's new tax debt came to 320 million euros in July, data from the Independent Authority of Public Revenues (IAPR) has shown.
Industrial production drops by 2.1 pct in July
Greece’s Industrial Production Index (IPI) decreased by 2.1 percent year-on-year (YoY) in July compared to a revised decrease of 0.3 percent in June, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
VAT gap remains high as non-compliance overtakes revenue rise
The European Commission's VAT Gap report has revealed that tax revenues in Greece increased in 2017, but this did not close the gap between expected and actual VAT revenues.