A study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices.
Building permits increased by 12.6 percent in November, slowing from October’s rise of 16.4 percent, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
The countdown to next Monday’s Eurogroup, where the third review is due to be officially completed has begun following last week’s visit to Athens by European Economic Affairs Commissioner Pierre Moscovici, who also set out the key milestones for the months ahead.
On Friday afternoon, one day after the successful completion of the bond issue, the Greek Finance Ministry provided the details of the transaction for the 3 billion notes due 15 February 2025.
Road motor vehicles going into circulation for the first time rose by 44.3 percent in January, increasing from the 16.1 percent growth seen in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
European Economic Affairs Commissioner Pierre Moscovici had several messages to deliver during his visit to Athens, which focussed mostly on what needs to happen over the next few months to ensure that Greece completes the third programme without any problems.
Greece’s Industrial Production Index (IPI) increased by 0.2 percent in December after November’s figure was revised upward to 2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Following a small delay due to the turmoil in international markets earlier in the week, Greece opened on Thursday the book of offers for a syndicated seven-year bond.
Greece’s seasonally adjusted (SA) unemployment rate came to 20.9 percent in November after October’s figure was revised upward to 20.9 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
In the winter forecast it published on Wednesday, the European Commission kept unchanged its projections for Greece, which see real GDP growing by 1.6 percent in 2017 and by 2.5 percent this year and next.