Economy
Fall in apartment prices slows to 0.3 pct in Q4 2017, 1 pct average drop for year
The drop in the nominal value of apartments in Greece came to 0.3 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, slowing from a drop of 0.6 percent in Q3 2017, Bank of Greece (BoG) data showed on Thursday.
CPI falls by 0.2 pct in Jan, first negative figure since Nov 2016
Greece’s Consumer Price Index (CPI) fell by 0.2 percent in January, falling into negative territory from the rise of 0.7 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Budget execution makes positive start to 2018 with 1.88 bln primary surplus
The budget primary balance recorded a surplus of 1.88 billion euros in the first month of 2018, beating the forecast by 1.16 billion euros, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday.
Coca-Cola HBC's net profits show 24 pct rise in 2017
Coca-Cola HBC’s results for the full year of 2017 showed that net sales revenue rose by 4.9 percent.
Spending on pensions down by 30.9 mln in December
The Labour Ministry's Computer Centre for Social Security Services (IDIKA) published recently a report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis.
Piraeus Port Authority marks first full year under COSCO with 68.5 pct rise in net profits
The Piraeus Port Authority (PPA) has released its annual financial statement for 2017, which revealed that turnover rose by 7.7 percent year-on-year.
Manufacturing wage cuts were turned into profit, GSEE study claims
A study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices.
Building activity up by 12.6 pct in November, permits remain above 1,000
Building permits increased by 12.6 percent in November, slowing from October’s rise of 16.4 percent, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Athens facing final steps in third review as next milestones identified
The countdown to next Monday’s Eurogroup, where the third review is due to be officially completed has begun following last week’s visit to Athens by European Economic Affairs Commissioner Pierre Moscovici, who also set out the key milestones for the months ahead.
Athens meets bond targets despite testing market conditions
On Friday afternoon, one day after the successful completion of the bond issue, the Greek Finance Ministry provided the details of the transaction for the 3 billion notes due 15 February 2025.