Economy
Unemployment rate edges up to 23.4 pct in August
Greece’s seasonally adjusted (SA) unemployment rate increased to 23.4 percent in August from an upward revised 23.3 percent in July, the Hellenic Statistical Authority (ELSTAT) labour force survey displayed on Thursday.
NBG elects chairman, HFSF calls time-out in dispute over management
The turmoil at the National Bank of Greece (NBG) caused by the dispute between the NBG top management and the Hellenic Financial Stability Fund (HFSF) over the new chairman at the bank seems to have temporarily ended on Wednesday.
In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
In its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year, before notably accelerating in the next two years.
Industrial production edges up 0.1 pct in September
Greece’s Industrial Production Index (IPI) edged up 0.1 percent in September, after an upward revised identical growth rate in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
The Greek Fiscal Council published on Tuesday its first semi-annually report on fiscal and macroeconomic developments, presenting its views on the 2017 draft budget and whether targets will be met this year and next.
Car sales jump by 20 pct in October
The number of road motor vehicles going into circulation for the first time grew at an accelerating pace of 20 percent in October, from 9.6 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Eurogroup sees possibility of swift review but differences on debt relief remain
There were words of encouragement for Greece regarding the swift conclusion of the second review at Monday’s Eurogroup but also mixed views on whether Athens can expect the detailing of anything more than short-term debt relief measures if the inspection is wrapped up by the next meeting of eurozone finance ministers on December 5.
Trade deficit falls 12.1 pct in Sept following export growth for first time since Apr 2015
Greece’s trade deficit narrowed by 12.1 percent in September after rising by 11.6 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
OECD proposes ways to improve competition, estimates positive economic impact at 414 mln
The Organisation for Economic Cooperation and Development (OECD) published on Monday its third assessment of Greece’s competition laws and regulations, identifying those that may hinder the competitive and efficient functioning of markets.
Deadlock at NBG over chairman appointment
While it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days regarding the appointment of a new chairman at National Bank (NBG).