Economy
Folli Follie continues strong performance with Q1 2017 results
Jewellery and fashion accessory designer and retailer Folli Follie has reported an 8.3 percent increase in revenues in Q1 2017 compared to the same period last year.
Trade deficit falls 14.3 pct in April as exports grow and imports drop
Greece’s trade deficit fell by 14.3 percent in April after strong growth of 36.2 percent in the previous month, ELSTAT data showed on Thursday.
Unemployment rate falls to new five-year low of 22.5 pct in March
Greece’s seasonally adjusted unemployment declined to 22.5 percent in March from a downwardly revised rate of 22.9 percent in February, ELSTAT's labour force survey revealed on Thursday.
Turnover in tourism sector up 1 pct in Q1 for third straight quarterly rise
The Turnover Index in Accommodation and Food Services increased for the third straight quarter by 1 percent in Q1 2017, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Terna Energy's net profits rise 32.4 pct in Q1 2017
Terna Energy posted a sales increase of 10 percent as part of its Q1 results for 2017. Total sales came to 55.5 million euros, up from 50.4 million euros in Q1 2016.
GEK Terna net profits fall by 8.9 pct in Q1
Greek construction and energy group GEK Terna’s Q1 results showed that sales revenue fell by 6.9 percent to 262.4 million euros versus 281.9 million euros in Q1 2016.
BoG reveals number of indebted borrowers, details business NPEs
Following the most recent data on the qualitative characteristics of the non-performing exposures, BoG deputy governor Theodoros Mitrakos revealed important aspects of NPEs.
Net job hirings reach new high of 89,534 in May, 5-month figure a record
The employment balance stayed positive in May 2017 with net hirings climbing by around 13,000 to 89,534 from 76,591 a year ago, data from the Labour Ministry’s Ergani information system revealed on Wednesday.
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
In its latest Economic Outlook report the OECD notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven.
Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
Greek banks continued meeting their NPE reduction target in Q1 2017, the third quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) revealed.