Economy
What Greece imports and why
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It’s a point that is often touched upon regarding the makeup of Greece’s economy that the country imports far outweigh its exports, and have done so historically.
Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
The budget primary balance came to a surplus of 6.46 billion euros in the first 10 months of 2018, according to the preliminary budget execution bulletin for October published by the Finance Ministry (MoF) on Wednesday.
Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
Having weathered a tumultuous October, Greece’s domestic banking system and relevant stakeholders that include Bank of Greece and HFSF are looking into ways that will help banks reduce the risk on their books and bring down their non-performing exposures.
Motor Oil Hellas increases net profits by 14.6 pct in 9M
Motor Oil Hellas’ financial results for the first nine months (9M) of 2018 show that group revenues increased by 20.9 percent compared to the same time last year.
Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
Greek banks’ Eurosystem funding increased by 974 million euros month-on-month (MoM) in October, the Bank of Greece's (BoG) monthly financial statement has revealed.
Building permits increase by 13.3 pct in August
Building permits rose by 13.3 percent year-on-year (YoY) in August, rising from the increase of 9.8 percent in July, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Apartment prices up by 2.5 pct in Q3 as recovery trend continues
The nominal value of apartments in Greece during the third quarter (Q3) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Monday.
Athens and lenders search for budget compromise by Thursday's EWG
Greece and the European institutions appear to be just days away from a compromise over next year’s budget, although the form that their agreement will take is a matter of some dispute.
Car sales rise by 19.2 pct in October
Road motor vehicles going into circulation for the first time rose by 19.2 percent in October after a fall of 0.8 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Industrial production up by 2 pct in September
Greece’s Industrial Production Index (IPI) increased year-on-year (YoY) by 2 percent in September from a downward revised 1 percent increase in August, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.