Economy
Current account surplus at 1.57 billion in July, pushed by services balance
Greece’s current account (C/A) balance displayed a surplus of 1.57 billion euros in July from 1.36 billion a year ago, Bank of Greece (BoG) figures showed on Wednesday.
Industrial turnover up by 8.6 pct in July, positive for eighth month
Greece’s Turnover Index in Industry rose by 8.6 percent in July after upwardly revised growth of 9 percent in June, data from the Hellenic Statistical Authority (ELSTAT) showed on Tuesday.
ADMIE reports EBITDA of 8.2 mln in H1
Greece’s Independent Power Transmission Operator (ADMIE) Holding SA reported its results for the first half (H1) 2017 of its first fiscal year of operation which showed that income from its affiliate IPTO SA came to 9 million euros.
Primary cash surplus falls to 276 mln surplus at end of August amid revenue decline
Greece’s central government primary cash balance came to a surplus of 276 million euros in the first eight months of 2017 against a surplus of 2.41 billion euros for the same time last year, Bank of Greece data revealed.
Folli Follie net profits rise 17 pct in H1 2017
Jewellery and fashion accessory designer and retailer Folli Follie has reported a 10.8 percent increase in revenues for the second quarter (Q2) of 2017 compared to the same period last year.
Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
Greek banks’ Eurosystem funding fell for 26 successive months in August when it fell by a further 5.1 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Net job hirings turn negative by 14,402 in August to highest aggregate figure on record
The employment balance turned to negative territory in August posting a negative figure of 14,402 as departures outpaced hirings, data from the Labour Ministry’s Ergani information system revealed on Thursday.
Budget primary surplus at 3.55 bln in 8-month, below target on lower revenues, higher tax refunds
The budget primary balance recorded a surplus of 3.55 billion euros in the first eight months of 2017, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Thursday.
Unemployment rate edges down to 21.1 pct in Q2, lowest since Q4 2011
The Greek non-seasonally-adjusted unemployment rate fell to 21.1 percent in the second quarter (Q2) of 2017 from 23.3 percent in Q1 2017, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Turnover in tourism sector up 7.3 pct in Q2 for fourth straight rise
The Turnover Index in Accommodation and Food Services increased for the fourth straight quarter in Q2 2017, picking up by 7.3 percent following a slight downward revision to 0.9 percent in Q1, ELSTAT figures showed on Wednesday.