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Greek inflation rate slowed to 1.2 pct in May

Greek inflation rate slowed to 1.2 pct in May

Greek inflation rate slowed to 1.2 pct in May, from 1.6 pct in April and -0.9 pct in May 2016, Hellenic Statistical Authority said on Friday. The statistics service, in a monthly report, attributed this development mainly to the introduction of a 10-day offer period in shops, while several product prices rose because

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Payroll cost index up 1.0 pct in the first quarter of 2017

Payroll cost index up 1.0 pct in the first quarter of 2017

The payroll cost index in the economy grew 1.0 pct in the first quarter of 2017, with the exception of the primary sector and household activities, compared with the same period last year, after a 0.9 pct rise recorded in the 2016/2015 period, Hellenic Statistical Authority said on Friday.

The statistics service, in a

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Industrial production up 1.0 pct in April

Industrial production up 1.0 pct in April

Industrial production grew 1.0 pct in April, with manufacturing production rising 0.1 pct in the month, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, said that the industrial production composite index rose 1.0 pct in April compared with the same month last year, after a

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Hellenic Statistical Authority: Car sales down 2.7 pct in May

Hellenic Statistical Authority: Car sales down 2.7 pct in May

Car sales fell 2.7 pct in May totaling 16,826 vehices (new and used ones), from 17,290 in the same month last year, after a 33 pct increase recorded in the 2016/2015 period, Hellenic Statistical Authority said on Friday.

New car registrations totaled 11,461 in May, down 18.8 pct from the same month last year.
In the five-month period, car

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EIB: Fraport’s works in regional airports progressing smoothly

EIB: Fraport’s works in regional airports progressing smoothly

Fraport Greece will adhere to a timetable of implementing all infrastructure development projects in the 14 regional airports, European Investment Bank (EIB) sources said on Friday.

The same sources said a strict implementation of the work program will be to the benefit of all sides and will safeguard visible benefits

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Labour ministry tables amendment postponing pension increases until 2023

Labour ministry tables amendment postponing pension increases until 2023

The Labour ministry tabled an amendment in parliament on Thursday which freezes pension increases until 2023 to free up funds to support other social spending in which Greece is lagging behind, the ministry said.

The increases in main pensions were initially scheduled for 2022. According to the ministry, postponing the

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Tsakalotos, Achtsioglou brief SYRIZA MPs on remaining prior actions

Tsakalotos, Achtsioglou brief SYRIZA MPs on remaining prior actions

Finance Minister Euclid Tsakalotos and Labour Minister Efi Achtsioglou briefed SYRIZA lawmakers on Thursday about the remaining prior actions which will be voted in a parliament session on Friday, a parliamentary group source said.

The legislation of the 5 amendments that include the prior actions will close all

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Lagarde and French FinMin discuss June 15 Eurogroup

Lagarde and French FinMin discuss June 15 Eurogroup

France’s Finance Minister Bruno Le Maire on Thursday had a meeting with International Monetary Fund (IMF) chief Christine Lagarde focusing on international economic affairs and the upcoming Eurogroup meeting on June 15 – where the issue of debt relief for Greece is expected to dominate.

“I had the great pleasure of m

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Greek stocks rebounded in the Athens Stock Exchange on Thursday

Greek stocks rebounded in the Athens Stock Exchange on Thursday

Greek stocks rebounded in the Athens Stock Exchange on Thursday, after a two-day decline, pushing the general index of the market near the 780-point level once again. The index rose 0.61 pct to end at 779.05 points, off the day’s highs of 780.84 points.

The Large Cap index rose 0.46 pct and the Mid Cap index ended 0.80 pct higher. Turnover was low

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Greece signs multilateral convention to prevent tax avoidance, double taxation

Greece signs multilateral convention to prevent tax avoidance, double taxation

Greece joined 76 other countries and territories in signing on Wednesday the “Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” (BEPS), on the sidelines of the Organisation for Economic Co-operation and Development’s annual Ministerial Council Meeting and Foru

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