Economy
Turnover in tourism sector increases by 9.9 pct in Q3
The growth in the Turnover Index in Accommodation and Food Services slowed to 9.9 percent in the third quarter (Q3) of 2015 from 13.4 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed.
Trade deficit increases by 17.3 pct in Oct on large drop in exports
Greece’s trade deficit rose by 17.3 percent in October from a drop of 24.2 percent in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Privatisation of power transmission firm ADMIE a key challenge among prior actions
The privatisation of the electricity transmission company (ADMIE) is one of the thirteen prior actions Greece has to implement by December 11 to unlock the next sub-tranche of 1 billion.
Weak banks drag Greek stocks down by 6.5 pct during week
Greek shares fell by another 6.5 percent this week amid a continued bank weakness, which plunged at double-digit rates for the fifth successive week.
General gov't primary cash surplus widens notably to 4.84 bln by October
The general government (gg) primary cash surplus widened by 38.9 percent to 4.84 billion euros in the 10-month period of 2015 from 3.48 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday.
BoG report highlights need for programme implementation, political consensus
In its interim Monetary Policy report published on Friday, the Bank of Greece (BoG) urged Parliament to pass and the government to implement the legislation linked to Greece’s third bailout so the country to return to normality and sustainable growth.
Greece faces tight deadline for second set of milestones, first review looms
The Greek government has until December 11 to complete the implementation of the second set of milestones so it can receive the next sub-tranche of 1 billion euros, an EU official told Kathimerini on Thursday.
ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
The Bank of Greece (BoG) said on Thursday that the ECB Governing Council decided to reduce the Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion.
Banks reveal new capital structures, ex-bondholders sell shareholdings
Following the relevant approval by the Hellenic Capital Market Commission (HCMC), the four core banks published their prospectuses for the capital increases, which revealed among others, the official shareholder structure after the completion of their equity raisings.
Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
After remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis points (bps) to 1.06 percent in October, Bank of Greece (BoG) data showed on Wednesday.