Economy
ECB survey shows enduring preference for cash payments in Greece
A survey by the European Central Bank (ECB) looking into the purchasing habits of Europeans has found that cash is still the preferred method of payment for most Greeks despite efforts to encourage card and electronic payments.
Turnover in services sector shows mixed picture in Q3 2017
Turnover indices for the services sector recorded slight year-on-year improvements in Q3 2017, but declined quarter-on-quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Budget primary surplus at 4.66 bln in 11-month as expenditure falls, revenues rise
The budget primary balance recorded a surplus of 4.66 billion euros in the first 11 months of 2017, decreasing by 19.1 percent against last year’s figure of 5.76 billion euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Thursday.
Unemployment rate falls to 20.2 pct in Q3, lowest for almost six years
The Greek non-seasonally-adjusted unemployment rate fell to 20.2 percent in the third quarter (Q3) of 2017 from 21.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Clearer picture emerging ahead of stress tests, banks appear confident
As Greece’s banks gear up for the stress tests at the start of next year, a clearer picture is emerging as the Troubled Assets Review (TAR) is underway and banks are firming up their assessments about the implementation of the new provisioning standards in IFRS 9.
Wages index improves 0.9 pct in Q3, declines 0.7 percent YoY
The seasonally adjusted (SA) Wages Index recorded its first negative reading after seven months when it fell by 0.7 percent year-on-year in Q3 2017, after edging up by 0.5 percent in the previous quarter, ELSTAT figures revealed on Wednesday.
Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
Greek banks’ Eurosystem funding fell by an additional 4.46 billion euros in November, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
Net job hirings balance for November turns negative by 39,221
The employment balance was negative in November for a second straight month as hirings fell short of departures by 39,221, data from the Labour Ministry’s Ergani information system revealed on Tuesday.
Further measures to protect and strengthen financial stability foreseen in sMoU
One of the pillars in the reform agenda that shaped Greece’s agreement with its lenders in the context of the third programme review is safeguarding of financial stability, which is also addressed in the supplemental Memorandum of Understanding (sMoU).
New overdue tax obligations up by 1.18 bln in October, total at 99.75 bln
Greece’s new tax debt rose by 1.18 billion euros in October, picking up pace from September’s rise of 706 million, the Independent Authority of Public Revenues’ (IAPR) data has revealed.