Economy
Apartment prices up by 4 pct in Q1 for highest increase since 2007
The rise in the nominal value of apartments in Greece came to 4 percent year-on-year (YoY) in the first quarter (Q1) of 2019 from an upward revised increase of 2.6 percent in Q4 2018, Bank of Greece (BoG) data showed on Tuesday.
Car sales rise by 15.2 pct in May and 9.7 pct in aggregate period
Road motor vehicles going into circulation for the first time rose by 15.2 percent in May compared to a rise of 20.4 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Terna Energy’s net profits rise 86.1 pct in Q1 2019
Terna Energy’s first quarter (Q1) financial results for 2019 showed that sales increased by 15.5 percent compared to the first quarter of 2018. Total sales came to 82.7 million euros, up from 71.7 million euros in Q1 2018.
Industrial production drops by 0.8 pct in Apr
Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 0.8 percent in April, softening from a decline of 2.7 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
GEK Terna revenue and net results impacted by drop in construction revenue
Greek construction and energy group GEK Terna’s first quarter (Q1) results for 2019 showed that group turnover fell by 14.3 percent year-on-year (YoY).
CPI edges up by 0.2 pct in May
Greece’s Consumer Price Index (CPI) increased by 0.2 percent in May following a rise of 1 percent in April, figures from the Hellenic Statistical Authority (ELSTAT) showed on Monday.
New overdue taxes rise at lower rate in Apr, total debt at 104.6 bln
The month-on-month rise in Greece's new tax debt came to 265 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown.
Turnover in tourism drops by 19.2 pct in Q1
The turnover index in accommodation and food services dropped into negative territory in the first quarter of Q1, showing a fall of 19.2 percent compared to Q4’s upward revised increase of 2.9 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Trade deficit drops by 5.2 pct in April
Greece’s trade deficit fell by 5.2 percent (YoY) in April compared to a rise of 28.1 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
EC warns budget not on track due to handouts, advises against further underspend
Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.