Economy
Internet usage high but unexploited by Greek enterprises
The majority of Greek businesses use computers and the internet, but very few exploit the potential of electronic sales according to a survey on e-commerce compiled by the Hellenic Statistical Authority (ELSTAT).
Travel balance up by 18.2 pct in October on increased foreign arrivals
Greece’s travel receipts increased by 14.2 percent year-on-year in October, compared to a rise of 15.5 percent noted in September, Bank of Greece (BoG) data revealed on Friday.
Thessaloniki Port Authority contract signed, Hellenikon takes another step
The contract for the sale of a 67-percent stake in the Thessaloniki Port Aurthority (OLTH) was signed on Thursday between Greece’s privatisation agency and the German-led consortium which submitted the winning tender earlier this year.
BoG sees recovery strengthening, proposes post-MoU safety net
In the Interim Report on Monetary Policy for 2017, Bank of Greece (BoG) governor Yannis Stournaras outlined the Greek economy’s positive momentum and the challenges that lie ahead, underlining that the focus of the political system and future policy implementation will decide whether Greece will leave the crisis for good.
PPC net profits fall by 47.3 pct in nine-month results
Greece’s majority state-owned Public Power Corporation’s (PPC) nine-month results showed that turnover fell by 6.1 percent.
Current account deficit at 624.1 mln in October as goods balance worsens
Greece’s current account (C/A) balance recorded a deficit of 624.1 million euros in October, worsening compared to the figure from the same time last year when there was a deficit of 267.9 million, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover grows by 11.1 pct in October, reversing decline of previous month
Greece’s industrial turnover grew by 11.1 percent in October after falling by 0.8 percent in September, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday.
Number of private sector employees rises in 2017 but wages fall
The annual data from the Labour Ministry’s information system (Ergani) detailed the figures on private sector companies and workers in 2017.
Entrepreneurs show lack of innovation, face many barriers to entry, study suggests
The business environment in Greece continues to pose a challenge for both new and existing entrants according to the Foundation for Economic and Industrial Research’s (IOBE) latest annual report on entrepreneurship in Greece.
Primary cash surplus at 2.33 bln in Nov as expenditure rises, PIB deficit widens
Greece’s central government primary cash balance came to a surplus of 2.33 billion euros in the year-to-date up to November, compared to a surplus of 3.58 billion euros for the same time last year, BoG data revealed.