Economy
Athens and lenders search for budget compromise by Thursday's EWG
Greece and the European institutions appear to be just days away from a compromise over next year’s budget, although the form that their agreement will take is a matter of some dispute.
Car sales rise by 19.2 pct in October
Road motor vehicles going into circulation for the first time rose by 19.2 percent in October after a fall of 0.8 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Industrial production up by 2 pct in September
Greece’s Industrial Production Index (IPI) increased year-on-year (YoY) by 2 percent in September from a downward revised 1 percent increase in August, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
CPI up by 1.8 pct in October, highest since March 2017
Greece’s Consumer Price Index (CPI) rose by 1.8 percent in October after having risen by 1.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Hellenic Petroleum EBITDA in nine-month period rises by record 20 pct
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first nine months (9M) of the year show that the group’s sales rose by 25 percent during the period.
EC autumn forecast lowers growth for 2019 on pending budget finalisation
The European Commission (EC) issued on Thursday its regular autumn forecasts for 2018, the first forecast since 2010 that Greece is not in an adjustment programme.
Unemployment at 18.9 pct in August, unemployed remain under 1 mln
Greece’s seasonally adjusted (SA) unemployment rate fell just below 19 percent to 18.9 percent in August, from an upward revised figure of 19.1 percent in July, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Backpay for civil servants gets "positive" measures rolling for government
The Greek government has submitted to Parliament draft legislation that paves the way for thousands of civil servants to receive millions of euros in backpay, marking the start of a period of intense activity for MPs as the coalition plans to follow this up with other measures promised by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September.
Titan Cement turnover falls but profits rise by 51.8 pct in nine-month period
Titan Cement’s nine month (9M) results revealed that turnover fell by 3.7 percent compared to the same period in 2017.
OTE’s revenues rise by 0.5 pct in nine-month period
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the nine-month (9M) period of 2018 edged up by 0.5 percent year-on-year.