Economy
IMF still sees fiscal gap in 2018 - no action needed, for now
During the regular cycle ahead of its Autumn meetings in Washington, the International Monetary Fund released the World Economic Outlook (WEO) and Fiscal Monitor (FM) which also include the Fund’s latest macro and fiscal estimates for Greece.
Travel balance posts surplus of 3.15 bln in H1 2017
The balance of travel services came to a surplus of 3.15 billion euros for the first half (H1) of the year, Bank of Greece (BoG) figures showed.
NBG steps back into markets with 750 mln covered bond issue
The National Bank of Greece (NBG) has become the first Greek bank to venture back into the international bond market with the successful issue of a covered bond which raised 750 million euros.
Industrial production rises by 5.6 percent in August after revised July growth
Greece’s Industrial Production Index (IPI) increased by 5.6 percent in August following upwardly revised growth of 2.1 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
CPI rises for ninth straight month in Sept with 1 pct increase
Greece’s Consumer Price Index (CPI) rose by 1 percent in September, up slightly from the 0.9 percent increase noted in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Athens rushing to reduce arrears and secure 800 mln in bailout funds
The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism disbursement worth 800 million euros.
Car sales continue to grow with 30.1 pct rise in September
Road motor vehicles (going into circulation for the first time) rose by 30.1 percent in September from 31.3 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Net job hirings of 17,128 in September after brief dip
The employment balance returned to positive territory in September with a net figure of 17,128 as hirings outpaced departures, data from the Labour Ministry’s Ergani information system revealed on Friday.
Trade deficit jumps by 31.3 pct in August as imports outpace exports
Greece’s trade deficit increased by 31.3 percent in August after a rise of 5.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Eurobank sells NPL package in attempt to reduce bad debt pile
Eurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion euros in their balance sheets.