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Turnover Index in Accommodation and Food Service Activities up 13.9 pct in Q3

Turnover Index in Accommodation and Food Service Activities up 13.9 pct in Q3

The Turnover Index in Accommodation and Food Service Activities Sector, during the 3rd quarter 2017 as compared to the 3rd quarter 2016, increased by 13.9 pct, while the index for the corresponding period of 2016 as compared to 2015 increased by 2.9 pct, according to the Hellenic Statistical Authority.

The Turnover

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Industrial Production Index up 0.5 pct in October

Industrial Production Index up 0.5 pct in October

The Overall Industrial Production Index in October 2017 recorded an increase of 0.5 pct compared with October 2016, according to the Hellenic Statistical Authority. The corresponding annual rate of change of the Overall IPI in October 2016 was 6.9 pct.

The average Overall Industrial Production Index for the period from

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4.1 pct decrease in building activity in September

4.1 pct decrease in building activity in September

The Total Building Activity (private-public) in Greece, in September 2017 which is calculated on the basis of the number of issued building permits, amounted to 1,081, according to the Hellenic Statistical Authority.

This figure corresponds to 214.1 thousand m2 of surface and 883.7 thousand m3 of volume, reflecting, respectively, a 3.0 pct

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Forbes: Greece is on the mend – But there is more still to do

Forbes: Greece is on the mend – But there is more still to do

By Frances Coppola/

In all the drama of recent weeks on both sides of the Atlantic, the third review of the Greek bailout program appears to have gone almost unnoticed. On December 2nd, Greece quietly agreed to a new package of reforms. The Greek government will now force this through the Greek Parliament in time for Eurogroup ratification on

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Greek annual inflation rate rose 1.1 pct in November

Greek annual inflation rate rose 1.1 pct in November

Greek annual inflation rate rose to 1.1 pct in November this year, from 0.7 pct in October and -0.9 pct in November 2016, the Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, attributed this development to an increase in the prices of tobacco, transport and telecommunications.

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Hellenic Statistical Authority: Greek trade deficit up 20.6 pct in October

Hellenic Statistical Authority: Greek trade deficit up 20.6 pct in October

The Greek trade deficit grew 20.6 pct in October as imports rose 13.9 pct and exports increase 8.6 pct in the month, Hellenic Statistical Authority said on Friday.

The statistics service, in a report, said that the country’s trade deficit grew 18.4 pct in the 10-month period from January to October. More specifically, the value of imports-arrivals t

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Hellenic Statistical Authority: Car registrations up 16.1 pct in November

Hellenic Statistical Authority: Car registrations up 16.1 pct in November

Car registrations grew 16.1 pct in November this year totaling 12,210 units (new or used ones), from 10,528 in the same month last year, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, said new car sales totaled 7,068 in November, up 9.8 pct from November 2016.

In the

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Greek stocks ended slightly higher in the ASE on Thursday

Greek stocks ended slightly higher in the ASE on Thursday

Greek stocks ended slightly higher in the Athens Stock Exchange on Thursday, reversing a three-day decline. The general index of the market rose 0.17 pct to end at 728.76 points, off the day’s highs of 731.34 points. The Large Cap index ended 0.08 pct lower and the Mid Cap index rose 0.55 pct. Turnover was a thin 34.312 million euros in volume of 3

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FinMin Tsakalotos in NYC for Capital Link Invest in Greece Forum

FinMin Tsakalotos in NYC for Capital Link Invest in Greece Forum

Finance Minister Euclid Tsakalotos is departing Athens on Thursday to attend the 19th Annual Capital Link Invest in Greece Forum on December 11 in New York.

Tsakalotos will deliver the keynote speech during a luncheon (13:15-14:45, local time), which will be followed by a press conference at 15:40 local time.

On December

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Labour Min: Unemployment has been falling in past two-and-half years

Labour Min: Unemployment has been falling in past two-and-half years

Unemployment in Greece has been steadily falling in the last 2.5 years, Labour Minister Efi Achtsioglou said on Thursday during a meeting in Brussels of the Employment, Social Policy, Health and Consumer Affairs Council (EPSCO).

The minister also said that “income and social inequalities are still alarming, mainly b

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Retail food sector has significant growth prospects, survey says

Retail food sector has significant growth prospects, survey says

Sales in Greece’s retail food sector totaled 18.6 billion euros (net pre-VAT) in 2016, the Research Institute of Retail Consumer Goods (IELKA) said in a report released on Thursday.

IELKA said that a 50.05 pct of these sales (9.3 billion euros) was made through specialised stores, while the remaining 49.95 pct (9.3

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ELSTAT: Greek unemployment rate fell to 20.5 pct in September

ELSTAT: Greek unemployment rate fell to 20.5 pct in September

The Greek unemployment rate fell to 20.5 pct of the workforce in September, from 20.7 pct in August and 23.2 pct in September 2016, Hellenic Statistical Authority said on Thursday.

The statistics service, in a monthly report, said that unemployment among young people fell below 40 pct. The number of unemployed people totaled 981,126 in September,

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Moody’s: National Bank to fully repay ELA funds in next two months

Moody’s: National Bank to fully repay ELA funds in next two months

The sale of National Bank’s subsidiaries in Serbia is credit positive for the bank, Moody’s said on Thursday.

In a credit outlook report, Moody’s said that the sale of National Bank’s subsidiaries in Serbia last week, along with a corporate loan portfolio, to OTP Banka Srbija a.d. Novi Sad, was credit positive for the Greek bank as it will str

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Greek Tourism Expo ’17 opens on Friday at Metropolitan Expo

Greek Tourism Expo ’17 opens on Friday at Metropolitan Expo

The international tourism exhibition “Greek Tourism Expo ’17” opens on Friday at the exhibition centre Metropolitan Expo.

In the exhibition, which will be open to public until Sunday, there will be a presentation of the entire Greek tourism sector, as well as an introduction of new sectors such as gastronomy tourism,

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Giorgos Markopouliotis will probably be the new chief of the EU Representation to Greece

Giorgos Markopouliotis will probably be the new chief of the EU Representation to Greece

Giorgos Markopouliotis will probably be the new head of the European Commission Representation to Greece, said European sources.

Markopouliotis served in the same position in 2001-2005 and since 2012 has been head of the European Representation in Cyprus.

He played a key role in the negotiations for the solution of the

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