Economy
Details of bond issue give Athens boost in bid to establish market access
Greece’s Public Debt Management Agency (PDMA) issued on Friday night the details of the first bond issuance since the country exited its third adjustment programme in August 2018.
PMI at 53.7 in Jan as manufacturers remain confident for year ahead
Greece’s manufacturing PMI edged down slight to 53.7 points in January from 53.8 points in December, staying over the 50-mark threshold for 20 consecutive months.
FDI, rather than tax cuts, holds key to stronger growth rates - study
A study by IHS Markit which analysed the various growth policies and factors that could contribute to Greece’s future long-term economic growth found that raising foreign direct investment (FDI) is the most vital element.
Retail turnover up by 4 pct in Nov, volume rises by 3.2 pct
Greece’s retail sales index rose by 4 percent in November against a slightly downward revised fall of 2.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Jan economic sentiment at 99.6 as consumer confidence posts best reading since 2009
Greece’s economic sentiment (ESI) was down by 1.3 points to 99.6 in January compared to a reading of 100.9 points in December 2018, European Commission (EC) figures revealed on Wednesday.
Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
Greece’s tourism industry, which weathered the country’s economic crisis relatively well, has remained a strong revenue generator with aggregate figures for the nine-month (9M) period showing that the year already surpassed arrival predictions.
Increase of 11 pct in minimum wage to have knock-on effect in economy
As was widely anticipated, during the cabinet meeting yesterday Alexis Tsipras announced that the minimum wage in Greece will increase for the first time in a decade to 650 euros per month, from 586 euros currently, effective from February 1.
December deposit inflows hit six-year high of 3.15 bln
Net deposit movement in the Greek banking system turned strongly positive in December with inflows of 3.15 billion compared to outflows of 79.4 million in November, Bank of Greece (BoG) figures revealed on Monday.
Credit contraction at 1.1 pct in Dec, loans to enterprises increase by 1.09 bln MoM
Credit contraction in the Greek market came to 1.1 percent in December compared to a contraction of 1.4 percent seen in November, Bank of Greece (BoG) figures showed on Monday.
Athens poised to unveil new minimum wage as post-MoU review continues
The government is preparing to announce a new minimum wage and the scrapping of the sub-minimum salary for under-25s, just days after talks with the institutions regarding the second post-programme review concluded in Athens.