Economy
Bank of Greece sees potential for recovery, urges calm in negotiations
In its interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) called for a swift conclusion to the second programme review and implementation of reforms and privatisations.
Greece and institutions wrap up latest talks with no progress on difficult issues
Discussions between the institutions’ mission chiefs and Greek officials continued on Thursday without any agreement on the out-of-court mechanism, energy, justice and product markets that were in focus during the meetings.
Turnover in services sector improves in Q3
The majority of the turnover indices for the services sector rebounded year on year in the third quarter (Q3) of 2016, Hellenic Statistical Authority (ELSTAT) figures displayed on Thursday.
Unemployment rate drops again in Q3, reaching 22.6 pct
The Greek non-seasonally-adjusted unemployment rate fell again in the third quarter (Q3) of 2016 to 22.6 percent from 23.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Review talks continue in Athens in shadow of pension benefit row
Discussions between the Greek ministers and the institutions’ mission chiefs resumed on Wednesday in the wake of the European Stability Mechanism (ESM) decision to put on hold the implementation of short-term debt relief measures until the institutions complete the examination of Greek government’s plan to pay out a bonus to pensioners.
Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
Greece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday.
Greece and creditors feel their way into new round of talks in Athens
The third round of discussions between the institutions’ mission chiefs and Greek ministers in the context of the second programme review kicked off on Tuesday with an introductory meeting.
Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
Greek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
Bill aims to encourage more electronic transactions in Greece
The Greek government tabled a multi-bill on Monday evening including the new frameworks for electronic transactions and undeclared income.
Building activity edged up 1 pct in September
Greek building permits grew for the third successive month in September but at a much slower pace of 1 percent from 16.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.