Economy
Second round of review talks concludes without breakthrough on labour reforms
Despite lengthy meetings that started on Monday morning and continued overnight until 5.30 am on Tuesday, Greek officials and institutions mission chiefs did not clinch an agreement on the key issues of the second programme review.
Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
Finance Minister Euclid Tsakalotos tabled in Parliament on Monday afternoon the 2017 budget detailing the government’s fiscal and macro estimates for 2016 and 2017.
Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
Apartment prices in Greece fell at a slower pace of 1.5 percent in the third quarter (Q3) of 2016, following a revised drop of 2.6 percent in Q2, Bank of Greece (BoG) data showed on Monday.
Current account surplus widens to 1 bln in September
Greece’s current account (C/A) surplus expanded by more than 104 million euros or 11.5 percent from last year to reach 1.01 billion in September from 904 million a year ago, Bank of Greece (BoG) figures displayed on Monday.
Greece and lenders make headway on review but labour reforms remain biggest obstacle
After a three-day break, discussions between Greek ministers and the mission chiefs resumed on Sunday, when the key focus was on labour and fiscal issues.
Greek stocks climb 5 pct on week led by double-digit bank gains
The Greek equity market headed north for the second straight week recording gains of 5 percent, after a rise of 1.5 percent in the previous week. The upswing was mainly fuelled by banks, which soared 17.9 percent.
Central government debt drops to 323.7 bln in Q3 on bond repayments
Greece’s central government debt dropped by 4.63 billion euros quarter on quarter (QoQ) to 323.71 billion in Q3 from 328.34 billion in Q2, according to the Finance Ministry (MoF) debt bulletin.
Industrial turnover rises at accelerating pace of 9.4 pct in Sept
Greece’s Turnover Index in Industry increased at a sharper pace of 9.4 percent in September, after an upward revised growth of 2.1 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Talks on bailout review head for crucial weekend
After a temporary break on Thursday, when discussions between the Greek authorities and lenders continued at technical level, negotiations are expected to intensify over the weekend ahead of the tabling of the 2017 budget on Monday.
Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
Greece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday.