Economy

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Buoyed by improved tax revenues, budget deficit comfortably beats target at 7.88 bln in Nov

16/12/2021 - 09:14

The budget primary balance for the eleven months of the year landed at a deficit of 7.88 billion euros, compared with a deficit of 13.47 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.

Vehicle sales up 20.7 pct in Nov, boosted by jump in purchases of used cars

15/12/2021 - 13:14

Road motor vehicles going into circulation for the first time rose by 20.7 percent year-on-year in November, doubling from the 10.4 percent in October, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.

Unemployment rate broadly stable at 13.3 pct in Oct

15/12/2021 - 12:50

Greece’s seasonally adjusted (SA) unemployment rate stayed broadly stable in October at 13.3 percent, from 13 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.

High participation in bond swap provides end of year boost

15/12/2021 - 09:25

The Public Debt Management Agency (PDMA) announced on Tuesday the preliminary results of the bond swap offer that it announced last week, giving Greece’s debt managers one more confidence boost this year.

Greek bond yields edge up as PEPP winds down

14/12/2021 - 10:56

The Greek authorities, as well as the markets, had hoped that Greece will continue to enjoy some sort of support from the ECB once the current asset purchase programme, PEPP, concludes in March next year but this looks unlikely.

Building activity up by 11.2 pct in Sep as steady rise continues

13/12/2021 - 13:12

The number of building permits issued in Greece continued its rise in September, increasing by 11.2 percent year-on-year to 1,982, after a rise of 12.7 percent seen in August, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.