Economy
Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
The final disbursement of Greece’s third programme has been delayed for a few days after Germany raised objections to the way in which Athens decided to extend the discount on VAT on five Aegean islands.
Building permits up by 1 pct in April and 5.2 pct in first four months of the year
Building permits rose by 1 percent in April following a drop of 2.3 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Unemployment rate edges up to 20.2 pct in April as number of employed dips
Greece’s seasonally adjusted (SA) unemployment rate in April edged up to 20.2 percent from 20.1 percent in March, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Commission sets out parameters for post-programme enhanced surveillance
The European Commission announced on Wednesday that everything is in place for the enhanced surveillance framework to be adopted after the third programme is completed on August 20.
Eurosystem funding falls by 4.56 bln in June to 16.31 bln
Greek banks’ Eurosystem funding declined substantially in June, falling by 4.56 billion month-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed.
PPC drafts five-year strategic business plan aimed at halting slide
Greece’s majority state-owned Public Power Corporation (PPC) has revealed its strategic five-year business plan, which was put together with the assistance of the consultancy firm McKinsey.
Employment balance records 33,620 more hirings than departures in June
The employment balance remained in positive territory in June with 33,620 more hirings than departures, data from the Labour Ministry’s Ergani information system revealed.
Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
Ahead of the rubber-stamping of Greece’s post-programme surveillance and Friday’s Eurogroup, the discussion about next year’s pension cuts is continuing.
Car sales up by 28.4 pct in June and 28.8 pct in first six months of the year
Road motor vehicles going into circulation for the first time rose by 28.4 percent in June Hellenic Statistical Authority (ELSTAT) data showed on Tuesday, picking up pace from the increase of 18.7 percent in May.
Industrial production grows by 1 pct in May, up by 0.2 pct in first five months of the year
Greece’s Industrial Production Index (IPI) rose by 1 percent in May, slowing from an upward revised increase of 2 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.