Economy
PPC net results reflect loss of 542 million in 2018
Greece’s largest power company, the majority state-owned Public Power Corporation’s (PPC) full year results for 2018 revealed that turnover fell by 4.1 percent during the year.
Travel balance rises to 51 mln in Feb as receipts shoot up by 29.6 pct
Greece’s travel balance increased significantly to 51 million in February from 18.5 million a year ago, Bank of Greece (BoG) data has shown.
Detailed SME study shows crisis impact and business evolution
The first annual survey of small and medium-sized enterprises (SMEs) carried out by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME GSEVEE) has illustrated the challenges faced by SMEs in recent years and called for measures to support them.
Athens holds fire on debt schemes, prepares tax relief measures
The government is hoping in the coming days to wrap up draft legislation for the new payment schemes it wants to introduce for social security and tax debts.
Industrial turnover rises by 7.7 pct in February
Greece’s industrial turnover picked up by 7.7 percent year-on-year (YoY) in February, reversing a decline of 7.6 percent seen in January, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Feb current account deficit at 990.4 mln as services balance improves
Greece’s current account (C/A) balance recorded a deficit of 990.4 million euros in February compared to a deficit of 1.18 billion in January, Bank of Greece (BoG) figures showed on Friday.
Hirings balance positive by 43,737 in March
The employment balance was positive in March with 43,373 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
Glimmer of hope for efforts to negotiate over tax-free threshold, but not primary surplus
The Greek government and the opposition have been given some encouragement in their goal to avoid the pre-legislated reduction of the tax-free threshold for incomes by European Commission vice president Valdis Dombrovskis.
Primary cash balance at deficit of 34 mln in March
Greece’s central government primary cash balance recorded a deficit of 34 million euros in the first three months of the year according to figures released by the Bank of Greece (BoG).
Ellaktor makes loss of 124.6 mln in 2018
The Ellaktor Group of Companies’ financial results for 2018 showed that turnover for the financial year came to 1.86 billion euros compared to 1.87 billion euros for the same time last year, edging down by a slight 0.5 percent.