Economy
Trade deficit declines by 3.8 pct in September as exports outpace imports
Greece’s trade deficit fell by 3.8 percent in September after a rise of 31.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
New overdue tax obligations up by 706 mln in September, total at 98.75 bln
Greece’s new tax debt rose by 706 million euros in September, declining from August’s increase of 1.07 billion, the Independent Authority of Public Revenues’ (IAPR) data has revealed.
Eurogroup sees review conclusion in sight, warns over property auctions
Monday’s Eurogroup appeared to send an upbeat message regarding the prospects of the third review being completed before the end of the year but also came with a warning regarding possible further delays in launching electronic auctions.
Household disposable income fell by another 2.3 pct in 2016, consumption down by 1 pct
The Hellenic Statistical Authority (ELSTAT) released on Monday the annual non-financial sector accounts for 2016 along with revisions for 2014 and 2015, which also reflect recent revisions of national accounts in mid-October.
Eurogroup marks start of countdown for prior actions
Greece is not on the official agenda for Monday’s Eurogroup meeting, although eurozone finance ministers are expected to receive an update from the institutions’ mission chiefs on where the third review stands.
Greek households switch to natural gas in record numbers as winter approaches
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Record numbers of households and small businesses in Greek cities are switching from oil to natural gas for heating this winter.
Titan Cement net profits drop by 72.8 percent in first nine months of the year
Titan Cement’s third-quarter results revealed that turnover increased by 1.9 percent in the first nine months of the year compared to the same period in 2016, while net profits fell by double-digit figures.
Greece drops six places in global ease of doing business report
The World Bank’s Doing Business 2018 report showed that Greece fell several places to stand at 67 out of 190 countries surveyed. Last year’s report had put the country at 61.
Athens eyes ample cash buffer, prepares for bond swap
Speaking to a parliamentary committee on Wednesday, Alternate Finance Minister Giorgos Houliarakis highlighted the government’s plans for creating an ample cash buffer before it exits the third programme next summer.
PMI at 52.1 in October, dropping slightly from previous month
Greece’s Manufacturing PMI dipped slightly by 0.7 points in October to 52.1. Although the latest headline figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth consecutive month.