Economy
Folli Follie revenues rise 9.8 pct in H1
Greek jewellery and fashion accessory designer and retailer Folli Follie’s H1 results show that the group’s consolidated revenues reached 652.7 million euros, an increase of 9.8 percent on the 594.3 million euros from H1 2015.
Wages index sees strong rebound of 4.6 pct in Q2
The seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures displayed on Friday.
![en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/10/10/unemployment_1000_myrto_1010-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Unemployment rate falls to 23.1 pct in second quarter, lowest since Q2 2012
The Greek non-seasonally adjusted unemployment rate edged down to 23.1 percent in the second quarter (Q2) of 2016 from 24.9 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures displayed on Thursday.
Turnover in services sector worsens again in Q2
Most of the turnover indices for the services sector fell year on year in the second quarter (Q2) of 2016, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Eurosystem funding falls by another 4.4 bln in August
Greek banks’ Eurosystem funding remained on a downward trend for the fourteenth successive month in August, when it dropped by 4.39 billion euros, after a similar fall of 4.3 billion in July, Bank of Greece's (BoG) monthly financial statement displayed on Wednesday.
Who pays property tax and how much revealed by Greek authorities
The General Secretariat of Public Revenues (GSPR) published on Tuesday evening the results of the single property tax (ENFIA) settlement along with comparisons to last year. It also provided insight into who paid the levy.
Turnover in tourism sector edges down 1.1 pct in Q2
The Turnover Index in Accommodation and Food Services slipped again in the second quarter (Q2) of 2016, albeit at the notably slower pace of 1.1 percent from a downward revised drop of 11.2 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures displayed on Tuesday.
A closer look at the composition of Greece's bad loans
In addition to an update on the evolution of non-performing exposures (NPEs), the Bank of Greece (BoG) review report on the Greek banking system published in late July also revealed a number of characteristics regarding the quality of NPEs.
Building activity slumps by 21.7 pct in June for sixth successive month
Greek building permits fell for the sixth straight month by 21.7 percent in June, at a slower pace compared to the 31.5 percent drop recorded in May, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Greek stocks drop 2.6 pct over week, banks drop 7.4 pct after big gains last week
The Greek equity market mostly traded on negative grounds with subdued volumes this week, ending it down 2.6 percent, which almost offsetting the gains of 3 percent posted in the previous week.