Panhellenic Exporters Association: Greek exports up 24 pct in October

«Greek exports made a strong performance early in the fourth quarter of the year, rising by 24 pct in October. A rising trend of Greek exports throughout the year creates optimism over achieving a new export record, although on the other hand, [...]

Insurance corporations assets slightly down in Q3, BoG report says

Insurance corporations total assets stood at 17.042 billion euros in the third quarter of 2018, from 17.071 billion in the previous quarter, the Bank of Greece said on Friday. The central bank, in a report, said that the overall deposits of [...]

Labour Minister Achtsioglou attends OECD-French gov’t forum in Paris

The current Greek government reduced the undocumented labour rate from 20% to 12% and unemployment from 26.5% to 18.9% in 3.5 years, Greek Labour Minister Efi Achtsioglou said on Tuesday at an OECD-French government event she attended on employment [...]

HCAP lists three conditions for attracting investments in state companies

Hellenic Corporation of Assets and Participations S.A. CEO Ms. Rania Ekaterinari, on Tuesday presented three conditions that state-owned companies must meet in order attract investments. Addressing a conference organised by the American-Hellenic [...]

Bank of Greece: Loan/deposit interest rate spread down in October

The interest rate spread between loan and deposit rates increased to 4.70 percentage points in October, as the overall weighted average interest rate on new deposits remained almost unchanged, while the interest rate on new loans increased, [...]

Greek economy improving in last three years, IOBE head says

Greece managed to reverse a decline in industrial production, exports and employment in the last three years, Nikos Vettas, head of the Foundation for Economic and Industrial Research (IOBE) said on Tuesday. Addressing a conference organised [...]

Greece to suspend implementation of capital tax on real estate transactions

The Greek government will suspend the implementation of a 15 pct capital tax on real estate property transactions, sources told ANA on Tuesday. The sources said that the government was expected to table an amendment to Parliament that suspends [...]

Hellenic Statistical Authority: Greek economy grew by 2.2 pct in the third quarter

The Greek economy grew by 2.2 pct in the third quarter of 2018, extending its growth course for the sixth successive quarter, Hellenic Statistical Authority said on Tuesday. The statistics service, in a report, attributed the 2.2 pct growth [...]

European Commissioner Pierre Moscovici: Greece has returned to normality

Pension cuts were neither legal nor necessary in Greece, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Tuesday, stressing that Greece has returned to normality. “We believe that Greece will achieve the [...]

Pension reductions to be revoked on permanent basis, eurozone official tells DW

Monday’s Eurogroup is expected to approve the Greek fiscal budget for 2019, according to a high-level eurozone official quoted by Deutsche Welle (DW) on Friday. The budget does not include a cut in pensions scheduled to kick in on January [...]