Economy
OTE enjoys best quarterly growth in a decade during Q3
The Hellenic Telecommunications Organization’s (OTE Group) Q3 results revealed that group revenues rose by 2.7 percent, representing the group’s best quarterly growth in a decade (997.9 million euros in Q3 2016 versus 971.3 million euros in Q3 2015).
In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
Greek banks’ Eurosystem funding dropped by another 3.53 billion euros in October after a decrease by 3.15 billion in September, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
CPI drops at a slower pace of 0.5 pct in October
Τhe Greek Consumer Price Index (CPI) fell at a decelerating pace of 0.5 percent in October after a drop of 1 percent in September, according to data published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
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.