Economy
Trade deficit grows by 34.5 pct in July on continued import rises
Greece’s trade deficit grew by 34.5 percent year-on-year (YoY) in July compared to an increase of 30.9 percent in June, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
nth rise came to 377 million in July, slowing from June’s rise of 428 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
Lamda Development posts 25.1 mln profit in H1
Property developer Lamda Development has reported net profits of 25.1 million euros in the first half (H1) of the year versus losses of 10.9 million euros for the same period last year.
Banks on track with NPE targets in Q2 as sales play bigger role
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the second quarter (Q2) of 2018 according to the eighth quarterly report on operational targets for NPEs published by the Bank of Greece (BoG).
Greece tops OECD countries for tax rises and spending cuts
The Organisation for Economic Cooperation and Development’s (OECD) latest report on tax policy reforms has highlighted the extent of increased taxation in Greece in recent years.
Unemployment at 19.1 pct in June, under 20 pct for second month
Greece’s seasonally adjusted (SA) unemployment rate fell to 19.1 percent in June from a downward revised rate of 19.3 percent in May, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 2.82 bln in July, arrears unchanged
Greece’s general government (gg) primary cash surplus came to 2.81 billion euros in the first seven months of the year, down by 1.33 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Fourlis Group edges into profitability in H1
Fourlis Group has reported net profits of around 400,000 euros in their first half (H1) results for 2018.
No final word on pension cuts as lenders prepare for return to Athens next week
Ahead of the institutions returning to Athens next week for their first post-programme visit, the Greek government has been given some encouragement in its bid to avoid the pension cuts that are due to be implemented next year.
Manufacturing PMI climbs to 53.9 pts in August, outlook remains positive
Greece’s Manufacturing PMI edged up to 53.9 points in August from 53.5 in July, staying over the 50-mark threshold for 15 straight months as confidence in the sector remains solid.