GREEK NEWS

Economy Minister Dragasakis rules out new memorandum or credit line

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There will be no extension of the Greek financial assistance programme when this ends in August, nor any precautionary credit line, Economy and Development Minister Yiannis Dragasakis said on Thursday.

“There is no thought of extending the programme. This ends in August and we are talking about ending it sooner, in June. There are forces in the c...

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Greek merchant shipping fleet up in numbers, down in capacity

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The Greek merchant shipping fleet grew in numbers but fell in capacity in February. The Greek fleet grew 0.7 pct in February to 1,855 ships, compared with the same month last year, after a 0.2 pct decline recorded in the 2017/2016 period.

Total capacity of the Greek merchant shipping fleet fell 2.4 pct in February, yr/yr, after a 0.8 pct increase...

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Greek industrial turnover index up 3.1 pct in February

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The Greek industrial turnover composite index (measuring both the domestic and external markets) grew 3.1 pct in February this year compared with the same month last year, after a 21.5 pct increase recorded in the 2017/2016 period, Hellenic Statistical Authority said on Thursday.

The statistics service, in a monthly report, attributed this...

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Greek stocks extended their rally for the fifth successive session in the ASE

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Greek stocks extended their rally for the fifth successive session in the Athens Stock Exchange on Wednesday, pushing the general index above the 840-point resistance level. The index is up 5.38 pct in the last five sessions. Traders said market sentiment remained positive and buying interest remained focused on bank shares. The bank index is up...

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Bank of Greece: Greek central gov’t cash deficit down in January -March

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The Greek central government cash balance showed a lower primary surplus in the January-March period this year compared with the corresponding period in 2017, the Bank of Greece said on Wednesday.

In a report, the central bank said that the primary surplus was 1.85 billion euros in the first three months of the year from 2.18 billion in 2017.

In...

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SEPEE: Exports of Greek clothing/textiles up 6.7 pct in January – February

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Exports of clothing/textiles – including cotton production – grew 6.7 pct in the first two months of 2018 to 251 million euros from 235 million in the corresponding period last year, the Hellenic Fashion Industry Association (SEPEE) said in an announcement released on Wednesday.

In the January-February period, the value of Greek exports of clothing...

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