Economy
Retail sales fall for second straight month in Oct, with 0.8 pct decline
Greece’s retail sales fell by 0.8 percent year-on-year in October, continuing their contraction after a fall of 0.7 percent in September, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday.
Countdown begins for multi-bill, coalition eyes minimum wage increase
The countdown to the submission of the multi-bill that will aim to address many of the prior actions the government has to complete as part of the third review has begun.
Budget primary surplus at 4.65 bln in 11-month on lower expenditure
The budget primary balance was confirmed at a surplus of 4.65 billion euros in the first 11 months of 2017, down by 19.3 percent against last year’s figure of 5.76 billion euros, the Finance Ministry (MoF) final budget execution bulletin showed on Wednesday.
Internet usage high but unexploited by Greek enterprises
The majority of Greek businesses use computers and the internet, but very few exploit the potential of electronic sales according to a survey on e-commerce compiled by the Hellenic Statistical Authority (ELSTAT).
Travel balance up by 18.2 pct in October on increased foreign arrivals
Greece’s travel receipts increased by 14.2 percent year-on-year in October, compared to a rise of 15.5 percent noted in September, Bank of Greece (BoG) data revealed on Friday.
Thessaloniki Port Authority contract signed, Hellenikon takes another step
The contract for the sale of a 67-percent stake in the Thessaloniki Port Aurthority (OLTH) was signed on Thursday between Greece’s privatisation agency and the German-led consortium which submitted the winning tender earlier this year.
BoG sees recovery strengthening, proposes post-MoU safety net
In the Interim Report on Monetary Policy for 2017, Bank of Greece (BoG) governor Yannis Stournaras outlined the Greek economy’s positive momentum and the challenges that lie ahead, underlining that the focus of the political system and future policy implementation will decide whether Greece will leave the crisis for good.
PPC net profits fall by 47.3 pct in nine-month results
Greece’s majority state-owned Public Power Corporation’s (PPC) nine-month results showed that turnover fell by 6.1 percent.
Current account deficit at 624.1 mln in October as goods balance worsens
Greece’s current account (C/A) balance recorded a deficit of 624.1 million euros in October, worsening compared to the figure from the same time last year when there was a deficit of 267.9 million, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover grows by 11.1 pct in October, reversing decline of previous month
Greece’s industrial turnover grew by 11.1 percent in October after falling by 0.8 percent in September, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday.