Ex­ports start year on a high, ris­ing 24 pct

Kathimerini English - - Focus -

Greece’s ex­ter­nal trade has started the year with a rise, and the bal­ance re­mains pos­i­tive even when cer­tain fac­tors that dis­tort the real picture of ex­ports and im­ports are ex­cluded.

The to­tal value of ex­ports in Jan­uary 2017 came to 2.12 bil­lion eu­ros, against 1.71 bil­lion in Jan­uary 2016, post­ing an in­crease of 23.9 per­cent. Ac­cord­ing to the Pan­hel­lenic Ex­porters As­so­ci­a­tion, most of that mas­sive in­crease was due to the de­liv­ery of new ships from Asian ship­yards, while the val­u­a­tions of fuel im­ports and ex­ports at con­sid­er­ably higher rates in the first month of the year also played a role.

Ex­clud­ing fuel prod­ucts, the in­crease amounted to 6.3 per­cent, while ex­clud­ing the ships it came to 4.4 per­cent.

The im­pact of the ship trans­ac­tions was even greater on im­ports. This sent the to­tal value of im­ports soar­ing 52.1 per­cent year-on-year to 4.46 bil­lion eu­ros, from 2.93 bil­lion in Jan­uary 2016. Ex­clud­ing fuel, the rise reached 44.4 per­cent, while when ships are take out of the equa­tion the in­crease came to 11.4 per­cent.

It there­fore ap­pears the omens are good for 2017, al­though no one can pre­dict what will hap­pen in the com­ing months.

A grand In­dian wed­ding will take place in Athens in mid-April and is seen gen­er­at­ing turnover of half a mil­lion eu­ros in the cap­i­tal over just four days. The or­ga­niz­ers have booked the en­tire King Ge­orge Ho­tel and a large part of ad­ja­cent Ho­tel Grande Bre­tagne in Syn­tagma Square for the 400 guests.

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