Economy
Overdue social security debt reaches 31.3 bln in Q4, collected revenues beat annual target
The stock of unpaid social security contributions (SSCs) rose to 31.29 billion euros in the fourth quarter (Q4) of 2017, up from 30.53 billion euros at the end of Q3, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PMI up to 55.2 in January, highest since October 2007
Greece’s Manufacturing PMI increased strongly by 2.1 points in January to 55.2, remaining above the 50-mark threshold for the eighth month in a row.
Total overdue tax obligations rise to 101.86 bln in Dec, new debt up by 1.30 bln
Greece’s new tax debt rose by 1.30 billion euros in December, rising from November’s figure of 1.19 billion, data from the Independent Authority of Public Revenues’ (IAPR) has revealed.
Stress test assumptions cause few concerns for Greek banks
The European Banking Authority (EBA) formally launched on Wednesday the 2018 EU-wide stress test exercise by releasing the scenarios that will be applied to the methodology published last November.
Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
Greece’s retail sales fell by 1.7 percent year-on-year in November after October’s revised decline of 0.7 percent, according to data published by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
Economic sentiment at 101.9 pts in Jan, consumer confidence dips by 0.7 pts
Greece’s economic sentiment (ESI) got off to a positive start in 2018 and rose by 0.6 points to 101.9 in January from an upwardly revised reading of 101.3 in December, European Commission (EC) figures revealed on Tuesday.
Athens prepares for bond issue, eurozone works on growth/debt mechanism
An imminent bond issue by the Greek government is set to attract the immediate attention of local and international observers but discussions are continuing in the background regarding the method of the country’s exit from the third programme and what will follow.
Greek banks complete first round of covered bond issues
Alpha Bank has become the latest among Greece’s four systemic banks to carry out a successful covered bond issue with the public auction of a 500-million euro bond last week.
Banks receive deposit inflows of 2.54 bln in December
The Greek banking system experienced positive inflows of 2.54 billion euros in December compared to inflows of 272.9 million in November, Bank of Greece (BoG) figures revealed on Friday.
Credit contraction remains at 0.9 pct in December
Credit contraction in the Greek market remained unchanged at 0.9 percent in December, staying static for a third month, Bank of Greece (BoG) figures showed on Friday.