Economy
Watchdog raid strains testy relationship between banks and govt
Another chapter in the unexpectedly turbulent relationship between the new Greek administration and the country’s banks was written on Thursday when the Competition Commission raided the headquarters of the four systemic banks, Attica bank and the Hellenic Banking Association.
OTE’s revenues rise by 1.5 pct in 9M
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the nine-month (9M) period of 2019 rose by 1.5 percent year-on-year (YoY).
Titan Cement net profits fall by 9.9 pct in 9M
Titan Cement’s nine month (9M) results revealed that turnover rose by 9.7 percent compared to the same period in 2018.
EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.
Unemployment edges down to 16.7 pct, lowest since April 2011
Greece’s seasonally adjusted (SA) unemployment rate edged down to 16.7 percent in August, down from 16.9 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Trade deficit rises by 2.3 pct in September
Greece’s trade deficit rose by 2.3 percent year-on-year (YoY) in September compared to a fall of 1.7 percent in August, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed.
General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
Greece’s general government (gg) primary cash surplus came to 6.25 billion euros in the first nine months of the year, up by 1.06 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Overdue tax, debtors jump in Sept as total reaches 105.6 bln
The month-on-month rise in Greece's new tax debt came to 588 million euros in September, data from the Independent Authority of Public Revenues (IAPR) has shown.
Hellenic Petroleum net profits slump by 53 pct on oil price movements
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first nine months (9M) of the year show that the group’s sales dropped by 7 percent during the period.
Changes to primary residence protection proposed in bid to draw more applications
A bill bringing changes to the framework for the protection of primary residences was submitted to Parliament yesterday by the Finance Ministry, which is hoping to boost the number of applications.