Economy
HRADF declares international consortium highest bidder for 67 pct stake in Thessaloniki Port
The Hellenic Republic Asset Development Fund (HRADF) said on Monday that it declared the consortium of Deutsche Invest Equity Partners (DIEP), Belterra Investments and Terminal Link as the highest bidder for the acquisition of a 67 percent stake in Thessaloniki Port Authority (OLTH).
New overdue tax obligations increase by 989 mln in Feb, stock reaches 94 bln
Greece’s new tax debt rose at a slower pace of 989 million euros in February after an increase by 1.63 billion in January, the Independent Authority of Public Revenues (IAPR) data revealed on Monday.
Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
The budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin.
Stocks record losses of 1.8 pct during week, amid light trading volumes
The Greek equity market traded mostly in negative territory this week with very soft trading volumes, dropping by 1.8 percent and ending a 3-week rally that saw cumulative gains of 7.5 percent.
Travel receipts fall by another 3.1 pct in Feb on lower spending
Greece's travel receipts continued to fall in February, when they dropped by 3.1 percent, after a decrease of 2.4 percent in January, Bank of Greece (BoG) figures showed on Friday.
Primary surplus up to 3.9 pct of GDP in 2016, far above target
Greece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.
Folli Follie revenues rise by 12.1 pct in 2016
Greek jewellery and fashion accessory designer and retailer Folli Follie’s annual results for 2016 show that revenues for the year reached 1.33 billion euros compared to 1.19 billion euros, up by 12.1 percent, continuing the group’s trend for recession-beating financial performance.
Primary cash balance turns to 295 mln deficit in Q1
Greece’s central government primary cash balance turned to a deficit of 295 million euros in the 3-month period of 2017 from surplus of 2.85 billion a year ago, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover continues on upward curve with 20.9 pct rise in Feb
Greece’s Turnover Index in Industry continued rising at a double-digit pace of 20.9 percent in February, although this was slower than the growth rate of 26.7 percent recorded in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Current account deficit expands to 937 million in Feb
Greece’s current account (C/A) deficit widened by 108.8 million euros to 936.9 million in February from 828.1 million last year, Bank of Greece (BoG) figures revealed on Thursday.