Economy
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.
Coca-Cola HBC net revenues rise by 5.5 pct in 2019
Coca-Cola HBC’s full year results for 2019 showed that net sales revenue grew by 5.5 percent year-on-year.
EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
The European Commission updated its economic estimates for Greece on Thursday, as part of the regular winter forecast cycle, revising upward its expectations for the growth of 2019 to 2.2 percent from 1.8 percent in the autumn forecasts three months ago.
Employment balance negative by 17,318 in January
The employment balance was negative by 17,318 in January according to data from the Labour Ministry’s Ergani information system.
Retail market suffers drop in crisis era, shows consolidation towards larger businesses
Greece’s retail market suffered a loss of over 14 billion euros across the crisis years according to data presented by the Hellenic Confederation of Entrepreneurship and Commerce (ESEE).
Building permits increase by 12.4 pct in November
Building permits rose by 12.4 percent year-on-year (YoY) in November compared to a rise of 12.6 percent in October, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.
Rise of exports slowed in 2019, with goods suffering dip
Greek exports appear to be undergoing a slowdown according to the latest export figures available, showing that in 2019, exports of goods grew by only 1 percent year-on-year (YoY).
Car sales rise by 8.3 pct in January
Road motor vehicles going into circulation for the first time rose by 8.3 percent in January after an increase of 21 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Strong performance of 15-year bond bodes well for market strategy
The strong appetite for Greece’s sovereign debt has been visible over the last few weeks across the curve, with yields as low as 0.3 pct for the 5-year issue.