Economy
Household disposable income fell by another 2.3 pct in 2016, consumption down by 1 pct
The Hellenic Statistical Authority (ELSTAT) released on Monday the annual non-financial sector accounts for 2016 along with revisions for 2014 and 2015, which also reflect recent revisions of national accounts in mid-October.
Eurogroup marks start of countdown for prior actions
Greece is not on the official agenda for Monday’s Eurogroup meeting, although eurozone finance ministers are expected to receive an update from the institutions’ mission chiefs on where the third review stands.
Greek households switch to natural gas in record numbers as winter approaches
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Record numbers of households and small businesses in Greek cities are switching from oil to natural gas for heating this winter.
Titan Cement net profits drop by 72.8 percent in first nine months of the year
Titan Cement’s third-quarter results revealed that turnover increased by 1.9 percent in the first nine months of the year compared to the same period in 2016, while net profits fell by double-digit figures.
Greece drops six places in global ease of doing business report
The World Bank’s Doing Business 2018 report showed that Greece fell several places to stand at 67 out of 190 countries surveyed. Last year’s report had put the country at 61.
Athens eyes ample cash buffer, prepares for bond swap
Speaking to a parliamentary committee on Wednesday, Alternate Finance Minister Giorgos Houliarakis highlighted the government’s plans for creating an ample cash buffer before it exits the third programme next summer.
PMI at 52.1 in October, dropping slightly from previous month
Greece’s Manufacturing PMI dipped slightly by 0.7 points in October to 52.1. Although the latest headline figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth consecutive month.
General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
Greece’s general government (gg) primary cash surplus amounted to 5.34 billion in the first nine months of 2017, up marginally (by 3 million euros) compared to the same time last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Debt relief-for-reforms option being discussed for post-programme era
Greece’s lenders are discussing the possibility of reaching an agreement with Athens to link debt relief to future reforms after the end of the third programme, a eurozone official told journalists in Brussels on Tuesday.
Banks enhance steps to deal with NPLs ahead of stress test
Greek banks will be able to bolster their protective measures against the large number of non-performing loans (NPLs) on their books under planned changes to the Code of Civil Procedure.