Economy
GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
Greece’s seasonally adjusted (SA) GDP increased by 0.6 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
Eurogroup approves SMP and ANFA profit release, decision on investment use postponed
The Greek authorities left yesterday’s Eurogroup having secured the release of the profits that eurozone central banks made as part of the SMP and ANFA programmes.
Overall loan interest drops to 4.32 pct in October
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.32 percent in October, down by 27 basis points (bps) from the rate of 4.59 noted in September, data from the Bank of Greece (BoG) showed on Wednesday.
OECD report shows poor quality of services and low trust in govt
The OECD Government at a Glance report for 2019 has shown the shortcomings in providing services to Greeks in areas such as health, justice, education and perceptions of trust for the government.
Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
Wednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion of the fourth enhanced surveillance review and the next round of debt relief measures, but will not include a discussion on how Greece can use the bond profits it will receive.
PMI at 54.1 points in November as foreign orders rise
Greece’s manufacturing PMI rose to 54.1 points in November, up from 53.5 points in October, according to the latest data from Markit.
PPC posts net loss of 353.2 mln in 9M as energy mix charges hit
Greece’s majority state-owned Public Power Corporation’s (PPC) nine-month (9M) results showed that turnover rose by 3.4 percent year-on-year (YoY).
ADMIE Holdings posts income of 32.8 mln, affiliate profits up to 63.4 mln in 9M
ADMIE Holding SA reported its results for the first nine months (9M) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 32.5 million. Net profits came to 32.8 million euros.
Retail turnover increases by 4.5 pct in Sept, volume edges up by 5.1 pct
Greece’s retail sales index increased by 4.5 percent in September, following a revised increase of 2.5 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Credit contraction at 0.2 pct in October, balance at 156.63 bln
Credit contraction in the Greek market came to 0.2 percent in October from 0.5 percent in September, Bank of Greece (BoG) figures showed on Thursday.