Economy
Industrial production drops by 0.8 pct in Apr
Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 0.8 percent in April, softening from a decline of 2.7 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
GEK Terna revenue and net results impacted by drop in construction revenue
Greek construction and energy group GEK Terna’s first quarter (Q1) results for 2019 showed that group turnover fell by 14.3 percent year-on-year (YoY).
CPI edges up by 0.2 pct in May
Greece’s Consumer Price Index (CPI) increased by 0.2 percent in May following a rise of 1 percent in April, figures from the Hellenic Statistical Authority (ELSTAT) showed on Monday.
New overdue taxes rise at lower rate in Apr, total debt at 104.6 bln
The month-on-month rise in Greece's new tax debt came to 265 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown.
Turnover in tourism drops by 19.2 pct in Q1
The turnover index in accommodation and food services dropped into negative territory in the first quarter of Q1, showing a fall of 19.2 percent compared to Q4’s upward revised increase of 2.9 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Trade deficit drops by 5.2 pct in April
Greece’s trade deficit fell by 5.2 percent (YoY) in April compared to a rise of 28.1 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
EC warns budget not on track due to handouts, advises against further underspend
Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.
Unemployment drops to 18.1 pct in March
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for an eighth consecutive month in March and came to 18.1 percent following a slightly downward revision of February’s rate to 18.4 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 1.68 bln in April, arrears rise by 164 mln
Greece’s general government (gg) primary cash surplus came to 1.68 billion euros in the first four months of the year, down by 742 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
OPAP Q1 net profits rise 43.5 pct as VLTs dominate revenue stream
The Greek Organisation of Football Prognostics (OPAP) has released its Q1 results for 2019 showing that gross gaming revenues (GGR) came to 396.0 million euros, a year-on-year (YoY) increase of 5 percent.