Economy
Unemployment rate falls to 18 pct in Dec, lowest since July 2011
Greece’s seasonally adjusted (SA) unemployment rate continued its downward path in December and came to 18 percent after a slightly downward revised 18.3 percent in November, from 18.5 percent previously, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
The positive sentiment around Greek sovereign debt, which has been evident since the turn of the year, manifested itself again on Monday when Greece opened the book-building process for a new 10-year benchmark.
Apartment prices up by 2.5 pct in Q4 and 1.5 pct in 2018 as property recovery solidifies
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.
Foreclosure bill undergoing final adjustments to satisfy creditors
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.
Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month
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.
Athens aims to wrap up legislation on foreclosures and issue 10-year bond
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 raises Greece two notches to 'B1' but highlights challenges for further upgrades
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.
Hellenic Petroleum sales rise but adjusted net profits slump by 20 pct
Greece’s largest oil refinery, Hellenic Petroleum’s annual results for 2018 showed that net sales rose by 22 percent across the year.
PMI at 54.2 in Feb as new clients and overseas orders spur growth
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.
EC sets out improvements Athens should make to primary residence proposal
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.