Economy
EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022
The European Commission updated its economic estimates for Greece in the context of the 2021 Spring Forecasts, where the estimates are slightly improved from the previous forecasts in February.
Building permits decrease by 3.2 pct in February
Building permits decreased by 3.2 percent year-on-year (YoY) in February after an increase of 6.4 percent seen in January, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.
CPI falls by 0.3 pct YoY in April; core index down 1.6 pct
Greece’s Consumer Price Index (CPI) fell by 0.3 percent year-on-year (YoY) in April compared to a decline of 1.6 percent seen in March, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
New tax debt at 2.31 bln March, rising by 685 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 685 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.
General govt primary deficit at 3.87 bln in March; spending soars
Greece’s general government (gg) primary cash deficit came to 3.87 billion euros in the first three months of the year, compared with a surplus of 1.14 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Trade deficit rises by 27.1 pct in March as imports surge
Greece’s trade deficit rose by 27.1 percent year-on-year (YoY) in March compared to a drop of 33.2 percent in February, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
Industrial production up by 5.5 pct in March
Greece’s Industrial Production Index (IPI) rose by 5.5 percent year-on-year (YoY) in March following a revised increase of 4.3 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Covid recession bumped pension spending to 18 pct of GDP in 2020
Total age-related expenditure amounted to 26.4 percent of gross domestic product last year, according to figures in the Finance Ministry’s Stability Programme.
Greece draws another 3 bln from bond markets as debt strategy continues at pace
Greece completed on Wednesday its third successful market foray of the year by drawing 3 billion euros through a new 5-year bond issue.
Terna Energy net profit increases by 39.3 pct in 2020
Renewable energy company Terna Energy’s full year results for 2020 revealed that revenue rose by 10 percent year-on-year and came to 328.1 million.