Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
Building permits increase by 13.3 pct in August
Apartment prices up by 2.5 pct in Q3 as recovery trend continues
Car sales rise by 19.2 pct in October
Industrial production up by 2 pct in September
Greek banks less reliant on Eurosystem funding in September
Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 1.4 billion euros in September, according to the BoG’s monthly financial statement. Monthly movement reflects a drop in ELA funding by 2.7 billion euros at 8.96 billion and a rise in ECB funding by 1.4 billion at 63.82 billion.
The outstanding balance stood at 72.78 billion euros at the end of September from 74.14 billion at the end of August reaching its lowest level since March 2010. Note that September was the fifth straight month recording a drop in Central Bank funding, w...
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