Economy
Wages index drops for first time in two years, declining by 1.2 pct in Q3
Greece’s seasonally adjusted (SA) Wages Index fell by 1.2 percent year-on-year (YoY) in the third quarter (Q3) of 2019, following an increase of 2.2 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures revealed on Thursday.
Promises and challenges of Greece's "green new deal"
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Recent announcements promise a radical shake-up of the Greek power sector, with the government pledging to put the country among the global leaders in the transition to a zero-carbon economy.
Primary cash balance surplus at 6.31 bln in November
Greece’s central government primary cash balance recorded a surplus of 6.31 billion euros in the first 11 months of the year according to figures released by the Bank of Greece (BoG).
Hellinikon runs into another stumbling block as casino tender falters
The Hellinikon project appears to have run into delays again as complications have arisen in the tender for the permit to build a casino resort on the site of the former Athens airport.
IMF paper suggests shadow economy still thriving
A working paper from the International Monetary Fund (IMF) on the shadow economy of Europe has shown that the phenomenon continues to persist in the Greek economy.
Q3 sees loans managed by servicers rise by 10.8 pct QoQ to reach 20.11 bln
The Bank of Greece (BoG) released a new quarterly bulletin last week detailing statistics regarding the operations of Credit Servicing Firms (CSFs).
Budget primary surplus at 6.95 bln in Nov as expenditure drops
The budget primary balance recorded a surplus of 6.95 billion euros in the first eleven months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
Turnover in services improves strongly in Q3 2019
Turnover indices for the services sector recorded an improvement in the third quarter (Q3) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Apartment prices rise by 9.1 pct in Q3, hitting series high
The rise in the nominal value of apartments in Greece came to 9.1 percent year-on-year (YoY) in the third quarter (Q3) of 2019 from an increase of 7.7 percent in Q2, Bank of Greece (BoG) data showed on Thursday.
GEK Terna’s revenue drops but profits rise in 9M
Greek construction and energy group GEK Terna’s results for the first nine months (9M) of the year showed that revenue fell by 17.9 percent.