The nominal value of apartments in Greece during the fourth quarter (Q4) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Tuesday.
The government is looking to the Bank of Greece to provide its assessment of the latest version of the draft law for the protection of primary residences from foreclosure so the bill can be tabled in Parliament and voted on this week, ahead of Monday’s Eurogroup.
Greek banks’ Eurosystem funding declined by 1.16 billion euros month-on-month (MoM) in December, the Bank of Greece's (BoG) final financial statement for 2018 has revealed.
Following further discussions between the Greek government and the institutions over the weekend, Athens is hoping to submit to Parliament in the coming days the draft legislation protecting primary residences from foreclosure.
Moody’s upgraded Greece’s credit rating by two notches on Friday, taking it to ‘B1’, from ‘B3’ previously, with a stable outlook, from positive.
Greece’s largest oil refinery, Hellenic Petroleum’s annual results for 2018 showed that net sales rose by 22 percent across the year.
Greece’s manufacturing PMI increased to 54.2 points in February from 53.7 points in January, staying over the 50-mark threshold for close to two years.
Among the areas of concern highlighted in the European Commission’s second post-programme surveillance report are the household insolvency law and debtor protection schemes, which are examined in the context of the overall financial system stability and the ongoing efforts to reduce the stock of Non-Performing Exposures (NPEs) from the systemic banks.
Greece’s retail sales index edged up by 0.5 percent in December following a downward revised increase of 3.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
The European Commission’s country report on Greece for 2019 has highlighted a number of imbalances in the country’s economy and outlined ways in which these can be addressed.