Economy
CPI up by 0.6 pct in May, second positive reading the year
Greece’s Consumer Price Index (CPI) rose by 0.6 percent in May after remaining stable in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Turnover in tourism grows by 10.9 pct in Q1
The turnover index in accommodation and food services remained positive for a seventh successive month in the first quarter (Q1) of 2018, growing by 10.9 percent after an upward revision of the fourth quarter (Q4) to 7.5 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Trade deficit drops by 4.6 pct in April as export activity remains strong
Greece’s trade deficit fell by 4.6 percent in April, slowing from March’s contraction of 23.1 percent but continuing to fall, according to data from the Hellenic Statistical Authority (ELSTAT) released on Thursday.
Unemployment at 20.1 percent in March
Greece’s seasonally adjusted (SA) unemployment rate in March came to 20.1 percent, falling against the downward revised figure of 20.6 percent for February, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Banks meet NPE targets in Q1 but mortgage reductions remain slow
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the first quarter (Q1) of 2018 according to the seventh quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Wednesday afternoon.
The first cut is the deepest? Greek pension reforms in context
By:
It is 5:59am on a Sunday morning. The host of the morning talk show, a man of near-pensionable age – a look he has affected for well over a decade – adopts an alarmed look. The caption screams “NEW PENSIONS MASSACRE”. Projected on the backdrop, a dense table of numbers several columns wide defies legibility, and several talking heads are lined up in a panel to argue vociferously and incoherently over how badly pensioners can expect to suffer from the latest spending cuts.
Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
The Greek Finance Ministry is due to table to Parliament on Friday the multi-bill that will wrap up its obligations for the conclusion of the final programme review, along with the updated Medium-Term Fiscal Strategy (MTFS) for the period between 2019 and 2022.
Multi-bill and MTFS heading to Parliament for conclusion of fourth review
The multi-bill containing the legislation that aims to wrap up the remaining prior actions is due to be submitted to Parliament on Friday along with the 2019-2022 Medium-Term Fiscal Strategy (MTFS) as Greece moves a step closer to completing the fourth review.
ADMIE Holdings posts income of 15.8 mln, affiliate's profits at 31.2 mln in Q1
ADMIE Holding SA reported its results for the first quarter (Q1) which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) reached 15.9 million.
Sarantis Group sales rise by 6.2 pct in Q1
Consumer product producer and retailer Sarantis Group’s first quarter (Q1) results show that sales improved by 6.2 percent during the period.