Economy
Greece’s embattled commercial steel market industry braced for more challenges
By:
China’s steel export profile was among the topics discussed at the latest G20 meeting in Hangzhou. China in recent years has emerged as a powerhouse of cheap steel production, to the detriment of the rest of the world.
MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
Greek Parliament approved on Wednesday night the privatisation of the former Athens airport, known as Hellenikon, a deal which is expected to bring multiple economic benefits.
Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
Greece's travel receipts dropped for the fourth successive month in July, albeit at a slower pace of 3.5 percent, after a decrease by 5.4 percent in June, Bank of Greece (BoG) figures displayed on Wednesday.
Marinopoulos hits Marfin Group H1 results
Marfin Investment Group (MIG) has released its H1 2016 results, showing that sales amounted to 524 million euros, registering a decline of 13 million euros or 2 percent versus H1 2015.
Budget primary surplus of 3.8 bln to Aug beats target by wide margin
Greece’s budget primary surplus edged down 1.1 percent to 3.76 billion euros in the 8-month period of 2016 from 3.8 billion in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
Record low net job balance in Aug but 8-month figure highest since 2001
The employment balance remained negative in August, when net departures rose to 16,128 in August 2016 from just 441 last year, the Labour Ministry’s information system (Ergani) data displayed on Tuesday.
Current account surplus falls to 1.4 bln in July
Greece's current account (C/A) surplus narrowed by 1.07 billion euros, or 42.8 percent, to 1.43 billion in July 2016 from 2.51 billion last year, Bank of Greece (BoG) figures showed on Tuesday.
Aegean Airlines posts net loss for H1
Aegean Airlines’ H1 results show that revenue for the period stood at 403.5 million euros, remaining flat versus the same period in 2015.
Industrial turnover sees 21st straight month of decline with 5.9 pct fall in July
Greece’s Turnover Index in Industry dropped by 5.9 percent in July after a downward revised 8.2 percent decline in June, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
State clears 440 mln in arrears to private sector in July
In its first bulletin on the transfers and payments of general government arrears since the government came to power in January, the Finance Ministry (MoF) has set out how these debts are being paid following the conclusion of the first programmer review.