Economy
Record year for company launches in 2018, small enterprises continue to dominate
Data from the General Commercial Register database (GEMI) has shown that 2018 was a bumper year for companies being launched in Greece compared to companies being closed with the highest balance on their records.
CPI up by 0.6 pct in Dec, matching annual average increase for 2018
Greece’s Consumer Price Index (CPI) rose by 0.6 percent in December from a rise of 1 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Car sales rise by 4.1 pct in Dec, taking annual increase for 2018 to 22.6 pct
Road motor vehicles going into circulation for the first time rose by 4.1 percent in December after an increase of 12.3 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Unemployment at 18.6 pct in October as unemployed fall by 12.2 pct year-on-year
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a third consecutive month in October, remaining at 18.6 percent, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 7.62 bln in Nov, arrears fall by 42 mln
Greece’s general government (gg) primary cash surplus came to 7.62 billion euros in the first 11 months of the year, up by 445 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Piraeus eyes major NPE deal as banks remain focused on bad loans
One of Greece’s four systemic banks, Piraeus Bank, is rumoured to be working on a substantial deal to address its non-performing exposures (NPEs).
Industrial production up by 3.1 pct in Nov, 0.9 pct since start of year
Greece’s Industrial Production Index (IPI) grew year-on-year (YoY) by 3.1 percent in November from a downward revised fall of 1.2 percent in October, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
Trade deficit grows by 5.7 pct in Nov, aggregate increase at 1.6 pct
Greece’s trade deficit rose by 5.7 percent year-on-year (YoY) in November compared to a slight decline of 0.6 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
Economic sentiment at 101.6 in December, consumer confidence and retail trade strengthen
Greece’s economic sentiment (ESI) down by 0.2 points to 101.6 in December from 101.8 in November, European Commission (EC) figures revealed on Tuesday.
New overdue taxes rise by 857 mln in November, total legacy and new debt at 105.5 bln
The month-on-month rise in Greece's new tax debt came to 857 million in November, declining from the increase of 995 billion noted in October, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday.