Economy
IMF cool on growth, urges greater effort on bank, fiscal and labour reforms
The International Monetary Fund (IMF) issued on Friday its latest Article IV consultation report for Greece and its assessment of the condition and prospects of the Greek economy.
Sarantis Group turnover rises 9 pct in nine-month period
Consumer product producer and retailer Sarantis Group’s results for the nine-month period (9M) of the year showed that turnover improved by 9 percent.
Greek govt gears for final Eurogroup of 2019, hoping for better terms
The Greek government has set its sights on the last Eurogroup of the year, hoping that it will manage to secure from the country’s official creditors higher investment spending through the allocation of SMP and ANFA profits that are due to be released in two tranches next year, and a looser fiscal path from 2021.
HRADF development plan lays out list of actions pending for privatisations
The Hellenic Republic Asset Development Fund (HRADF) has noted in its revised business development plan that a number of barriers still remain in place for several major privatisations to move forward, including the redevelopment of the Hellinikon.
Eurobank first to tackle NPL reduction via APS
Eurobank is planning to use 2.5 billion euros of state guarantees from the Hercules plan to securitise its Cairo portfolio.
Coca-Cola HBC net revenues rise by 4.3 pct in nine-month period despite wet summer
Coca-Cola HBC’s results for the first nine months (9M) of 2019 showed that net sales revenue grew by 4.3 percent year-on-year.
Building permits increase by 27 pct in August
Building permits rose by 27 percent year-on-year (YoY) in August compared to a rise of 18.5 percent in July, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Overdue social security contributions rise to 35.54 bln in Q3, new debtors rise
The stock of unpaid social security contributions (SSCs) increased to 35.54 billion in the third quarter (Q3) of 2019, up by 432 million compared to the figure of 35.11 billion euros registered in the second quarter (Q2) of 2019, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Car sales rise slows to 5.3 pct in October
Road motor vehicles going into circulation for the first time rose 8.6 percent year-on-year (YoY) in October, following an increase of 22.9 percent in September, Hellenic Statistical Authority (ELSTAT) data showed Monday.
Employment balance turns negative by 125,668 in October
The employment balance turned negative in October with 125,668 more firings than hirings, data from the Labour Ministry’s Ergani information system showed.