Economy
Review delay brings Greek liquidity needs back into focus
Apart from creating increasing risks to the strong economic recovery anticipated in 2017, the delay in the conclusion of the second programme review also brought to the forefront the issue of Greece’s liquidity needs to cover its debt redemptions.
Industrial turnover on downward trend again after 2.8 pct drop in Oct
Greece’s Turnover Index in Industry fell by 2.8 percent in October after an upward revised increase of 9.9 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
The significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday.
Primary cash surplus to Nov at 3.6 bln, including arrears repayment of 3.4 bln
Greece’s central government primary cash surplus dropped to 3.58 billion euros in the 11-month period of 2016 from 4.48 billion in the corresponding period last year ago, Bank of Greece (BoG) figures showed on Monday.
Bank of Greece study finds one in six local firms is strategic defaulter
In a separate section of the interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) discussed the issue of corporate strategic defaulters i.e. companies that have stopped servicing their loans despite having the ability to make the payments.
Greek stocks end week flat as Friday’s strong rebound erased earlier losses
The Greek equity market moved sideways this week, ending almost flat (-0.1 percent), while trading volumes were softer than the previous week.
Bank of Greece sees potential for recovery, urges calm in negotiations
In its interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) called for a swift conclusion to the second programme review and implementation of reforms and privatisations.
Greece and institutions wrap up latest talks with no progress on difficult issues
Discussions between the institutions’ mission chiefs and Greek officials continued on Thursday without any agreement on the out-of-court mechanism, energy, justice and product markets that were in focus during the meetings.
Turnover in services sector improves in Q3
The majority of the turnover indices for the services sector rebounded year on year in the third quarter (Q3) of 2016, Hellenic Statistical Authority (ELSTAT) figures displayed on Thursday.
Unemployment rate drops again in Q3, reaching 22.6 pct
The Greek non-seasonally-adjusted unemployment rate fell again in the third quarter (Q3) of 2016 to 22.6 percent from 23.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.