Economy
Motor Oil Hellas profits soar 164 pct in 2015
Motor Oil Hellas has released its financial results for the year 2015, showing that turnover fell by 21.9 percent but gross profit before depreciation increasing by 163.6 percent compared to the previous year.
Greek stocks rise 2.4 pct, up for fourth straight week
The Greek stock market has advanced for the fourth successive week, albeit at a slower pace of 2.4 percent, from 9 percent in the previous week, in the aftermath of the mission chiefs’ return to Athens and improving sentiment in the global markets.
Budget primary surplus surges to 3.04 billion, extending outperformance
Greece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.
Building activity advances 5.1 pct in Dec, down 0.9 pct in 2015
Greek building permits grew for the second straight month in December, when they rose by 5.1 percent from 7.2 percent in November, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Industrial production up by 4.6 pct in Jan
Greece’s Industrial Production Index (IPI) grew by 4.6 percent in January from 6.2 percent in December, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
OECD sees potential for recovery in Greek economy, stresses benefits from reforms
In its latest economic survey on Greece published on Thursday, the OECD stressed the domestic economy is gradually recovering but that high social costs persist.
US leads Titan growth for 2015, Greece stagnant
The Titan Cement Group recorded a significantly increased turnover in 2015, with earnings reaching a 20.7 percent increase compared to 2014.
Unemployment rate drops further to 24 pct in Dec, lowest since April 2012
Greece’s seasonally adjusted unemployment rate continued heading south for the third successive month easing to 24 percent in December from a downward revised 24.4 percent in November, Hellenic Statistical Authority (ELSTAT) labour force survey displayed on Thursday.
CPI falls at a slower pace of 0.5 pct in February
Τhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop in January, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
Piraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3.