Economy
Greek stocks down by 4.8 pct during week for third straight fall
The Greek stock market was down 4.8 percent this week for its third successive fall, which was fueled by trading reasons related to the stock overhang after the introduction of new bank shares as well as the rebalancing of stocks’ weightings in various indices.
Building activity down by 3.5 pct in Sept for third straight fall
Greek building permits fell for the third straight month in September but at a decelerating pace of 3.5 percent from 11.4 percent in August, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Greece and lenders seen inching towards deal on ADMIE
The Greek government and the institutions have reportedly reached an initial agreement on the privatisation of the electricity transmission company (ADMIE), which is one of the 13 milestones Greece has to implement to receive the next sub-tranche of 1 billion.
Management of NPLs to test gov't in negotiations with lenders
Following an agreement on foreclosures that was part of the first set of milestones, Greece now has to reach an accord with the institutions on a non-performing loan (NPL) strategy.
Unemployment nudges down to 24.6 pct in Sept
Greece’s jobs market remained on the slow path to recovery in September, when the unemployment rate reached 24.6 percent from an upward revised 24.7 percent in August.
Industrial production back on downward trajectory with 1.9 pct drop in Oct
After rising in the preceding two months, Greek Industrial Production Index (IPI) fell by 1.9 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Deflation slows to 0.7 pct in Nov
The fall in the Greek Consumer Price Index (CPI) slowed to 0.7 percent in November from 0.9 percent in October, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Pension reform wrangle prompts Greece to consider going own way on contributions rise
Although decisions regarding pension reform are not due until the first programme review scheduled for January, after the second set of milestones has been completed, the issue is already beginning to dominate the agenda.
Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years
The seasonally adjusted (SA) Wages Index posted an increase by 2.7 percent in the third quarter (Q3) of 2015 after a drop of 2.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Car sales resume double-digit growth rate in Oct with 15.2 pct rise
After a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going into circulation for the first time) rebounded by 15.2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.