Economy
Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Fitch on Friday raised its credit rating for Greece by two notches to ‘BB-’ from ‘B’, while the outlook was updated to stable from positive.
Building permits up by 4.4 pct in May and 5.3 pct in first five months
Building permits rose by 4.4 percent in May following a rise of 1 percent in April, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
The nominal value of apartments in Greece during the second quarter (Q2) of the year showed a rise of 0.8 percent year-on-year (YoY) after a drop of 0.2 percent in Q1, Bank of Greece (BoG) data showed on Thursday.
CPI up by 0.9 pct in July to mark fourth consecutive rise
Greece’s Consumer Price Index (CPI) rose by 0.9 percent in July following an increase of 1 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Car sales up by 17.9 pct in July and 27.2 pct in first seven months of the year
Road motor vehicles going into circulation for the first time rose by 17.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday, slowing down from the rise of 28.4 percent in June.
Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
Greece’s seasonally adjusted (SA) unemployment rate in May edged down to 19.5 percent from a downward revised rate of 20 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Industrial production grows by 1.2 pct in June and rises by 0.5 pct in first half of the year
Greece’s Industrial Production Index (IPI) rose by 1.2 percent in June after May’s growth was revised up to 1.7 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
OTE revenues edge up by 0.7 pct to 1.89 bln in H1
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the first half (H1) of the year increased by 0.7 percent to 1.89 billion euros. The figure for the relevant period last year stood at 1.87 billion.
Coca Cola reports net profit increase of 13.2 percent in H1
Coca-Cola HBC’s first-half (H1) 2018 results show that net sales revenue edged up by 0.5 percent compared to the same period last year.
Eurosystem funding down by 3.29 bln to 13.02 bln in July
Greek banks’ Eurosystem funding declined by 3.29 billion month-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed.