Economy
Improvement for services sector turnover in Q4
After falling in the preceding two quarters, the majority of the turnover indices for the services sector rose year on year in the fourth quarter (Q4) of 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Unpaid taxes reach 86.3 bln, 60 pct racked up since crisis began in 2010
The annual report of the General Secretariat of Public Revenues (GSPR) revealed that 60 percent of the outstanding tax debt of 86.3 billion was created during the crisis years. In specific, 40.2 percent of unpaid taxes was created before 2011, 44.4 percent within 2011-2014 and 15.4 percent in 2015.
Programme review talks continue, progress on tax, pensions and NPLs at a premium
Discussions between the mission chiefs and Greek authorities on pension reform and tax measures continued over the weekend but still left significant gaps on both fronts.
Motor Oil Hellas profits soar 164 pct in 2015
Motor Oil Hellas has released its financial results for the year 2015, showing that turnover fell by 21.9 percent but gross profit before depreciation increasing by 163.6 percent compared to the previous year.
Greek stocks rise 2.4 pct, up for fourth straight week
The Greek stock market has advanced for the fourth successive week, albeit at a slower pace of 2.4 percent, from 9 percent in the previous week, in the aftermath of the mission chiefs’ return to Athens and improving sentiment in the global markets.
Budget primary surplus surges to 3.04 billion, extending outperformance
Greece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.
Building activity advances 5.1 pct in Dec, down 0.9 pct in 2015
Greek building permits grew for the second straight month in December, when they rose by 5.1 percent from 7.2 percent in November, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Industrial production up by 4.6 pct in Jan
Greece’s Industrial Production Index (IPI) grew by 4.6 percent in January from 6.2 percent in December, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
OECD sees potential for recovery in Greek economy, stresses benefits from reforms
In its latest economic survey on Greece published on Thursday, the OECD stressed the domestic economy is gradually recovering but that high social costs persist.
US leads Titan growth for 2015, Greece stagnant
The Titan Cement Group recorded a significantly increased turnover in 2015, with earnings reaching a 20.7 percent increase compared to 2014.