Economy
Hirings balance negative by 22,333 in January
The employment balance turned negative in January with 22,333 more departures than hirings for the month after December’s positive balance of 5,970, data from the Labour Ministry’s Ergani information system showed.
Budget primary surplus beats Jan target by 706 mln on significant underspend
Greece’s Finance Ministry issued on Friday the first budget execution update for 2019, with the preliminary data showing that the primary surplus settled at 603 million euros, against a deficit target of 103 million euros.
Athens waits for response from institutions on primary residences proposal
The government and the banks are waiting for a response this week from the institutions and the European banking supervisory authorities regarding the proposal for the framework that will succeed the Katseli law.
Piraeus Port Authority net profits increase to 27.9 mln in 2018
The Piraeus Port Authority (PPA) has released its annual financial statement for 2018, which revealed that turnover rose by 19.2 percent year-on-year.
Government and banks reach deal over new scheme to protect main homes
The government and Greece’s bankers appear to have reached an agreement on the framework to protect primary residences from foreclosure when the extension to the Katseli law runs out at the end of February.
CPI rises by 0.4 pct in January
Greece’s Consumer Price Index (CPI) rose by 0.4 percent in January compared to a rise of 0.6 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Athens prepares new primary residences proposal after finding common ground with banks
The Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.
Coca Cola full-year results show net profits grew by 5 pct
Coca-Cola HBC’s results for the full year of 2018 showed that net sales revenue rose by 2.1 percent.
Bank of Greece outlines challenges to SME funding, gaps in knowledge
The Bank of Greece (BoG)’s December 2018 economic bulletin laid out some of the funding challenges faced by Greek SMEs from 2014 to 2017.
Building permits rise by 18 pct in Nov, beat 2017 figure in aggregate period
Building permits rose by 18 percent year-on-year (YoY) in November, dropping from a rise of 23.8 percent noted in October, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.