Economy
Pensions spending stable but early retirees burden system
The Labour Ministry's Computer Centre for Social Security Services (IDIKA) recently published a report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis.
Athens edges towards compromise on pension cuts but may have to plug fiscal gap
It appears that the institutions are set to grant the Greek government’s request regarding the cancellation of the pension cuts that were due to kick in next year, but reports suggest that Athens and its lenders may still need to agree on a way to bridge an apparent fiscal gap in 2019.
Industrial turnover rises by 20.5 pct in August for highest increase since May 2017
Greece’s industrial turnover rose by 20.5 percent in August after July’s figure was slightly revised upward to 17.6 percent, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Primary cash surplus at 17.96 bln in Sept as expenditure for the month falls
Greece’s central government primary cash balance recorded a surplus of 17.96 billion euros in the first nine months of the year, Bank of Greece (BoG) figures have shown.
Greece 57th in WEF's Global Competitiveness Index based on new methodology
The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell four places in a year, standing at number 57.
Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
The balance of travel services came to a surplus of 3.69 billion euros for the first half (H1) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year.
GDP revision for 2017 points to slight improvement from initial estimates
Greece’s Statistical Authority (ELSTAT) issued on Wednesday the second estimate of the national accounts for 2017 and the revised data for the 2015-2016 period according to the EU regulation of the European System of National and Regional Accounts ESA 2010.
Jumbo net profits rise 15.3 pct in 2018 financial year, beating expectations
Greek retailer Jumbo posted their financial results for the operating year running from 1 July 2017 to 30 June 2018, showing that turnover increased by 10.6 percent.
Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short
The budget primary balance came to a surplus of 4.81 billion euros in the first nine months of 2018, according to the preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Monday.
Hirings balance positive by 6,556 in September but momentum slows down year-on-year
The employment balance returned to positive territory in September with 6,556 more hirings than departures, data from the Labour Ministry’s Ergani information system revealed.