Economy
European Commission approves 2019 budget, urges focus to meet end of year reform goals
As part of the European semester package, the European Commission issued on Wednesday the first report for Greece under the enhanced surveillance framework that came into effect following the conclusion of the European Stability Mechanism (ESM) programme last August.
Travel balance rises by 0.8 pct in September and 9.1 pct in 9M
Greece’s travel balance edged up by 0.8 percent in September, following a 1.4 percent rise in August, Bank of Greece (BoG) data revealed on Wednesday.
OECD sees 2.2 pct growth in 2019, stressing importance of reform adherence
The Organisation for Economic Co-operation and Development (OECD) issued its expectations for how the Greek economy will grow in the near future with the release of its economic outlook, and stressed the importance of Greece sticking to its reform programmes.
Fourlis Group net profits rise to 7.6 million in 9M
Fourlis Group has reported an increase in sales of 3.8 percent in their nine month (9M) results for 2018.
September current account surplus at 550.8 mln as goods deficit increases
Greece’s current account (C/A) balance recorded a surplus of 550.8 million euros in September, dropping from the figure of 1.56 billion noted in August, Bank of Greece (BoG) figures showed on Tuesday.
Central government debt increases by 10.7 bln to 356.03 bln in Q3
Greece’s central government debt rose by 10.65 billion to 356.03 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2018, from 345.38 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
Industrial turnover positive for nine months with increase of 14.3 pct in September
Greece’s industrial turnover rose by 14.3 percent in September, dropping from the reading of 20.5 percent in August, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Hirings balance negative by 120,087 in October on seasonal movements
The employment balance turned sharply negative in October with 120,087 more departures than hirings, according to data form the Labour Ministry’s Ergani information system.
Primary cash surplus at 19.54 bln in October on monthly and aggregate expenditure falls
Greece’s central government primary cash balance recorded a surplus of 19.54 billion euros in the first ten months of the year, Bank of Greece (BoG) figures have shown.
Athens prepares final 2019 budget after green light to ditch pension cuts
The government is set to submit the final version of the 2019 budget to Parliament on Wednesday without the pension cuts that were pre-legislated in 2017 but with the so-called “positive” measures announced by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September.