Economy
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.
Athens taking more time to consider 2019 measures ahead of budget talks
Apart from its effect on the government’s cohesion and political outlook, the recent wildfire on the outskirts of Athens is also having an impact on the preparations for next year’s budget.
Trade deficit up by 30.9 pct in June as imports grow faster than exports
Greece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
ESM releases final tranche of third bailout, boosting cash buffer ahead of exit
The European Stability Mechanism confirmed on Monday that it has made the fifth and final disbursement of the third programme, marking the penultimate step in the MoU era for Greece.
General govt primary cash surplus at 1.45 bln in June as expenditure picks up
Greece’s general government (gg) primary cash surplus came to 1.45 billion euros in the first six months of the year, down by 1.15 billion euros compared to the first half of 2017, according to the Finance Ministry’s (MoF) monthly gg bulletin.