Economy
Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
Greece has submitted to the European Council and Commission its Stability Programme for the period 2022 -2024, which is based on the activation of the general escape clause that allows temporary violations of fiscal commitments due to the pandemic.
PMI rises to 54.4 points in April, highest since February 2020
Greece’s manufacturing PMI rose to 54.4 points in April from 51.8 points in March, according to the latest data from Markit.
Credit growth in March slows to 2.9 pct; monthly inflow 403 mln
Credit movement in the Greek private sector rose an annual 2.9 percent in March, compared with 3.7 percent in February, Bank of Greece (BoG) figures showed on Thursday.
Deposits rose by 1.66 bln in March to highest since 2012
Net deposit movements in the Greek banking system were positive by 1.66 billion euros in March, compared with inflows of 741 million euros in February, Bank of Greece (BoG) figures revealed on Thursday.
Retail turnover drops by 3 pct and volume by 1.8 pct in February
Greece’s retail sales index decreased by 3 percent in February following a revised drop of 3.8 percent in January, Hellenic Statistical Authority data showed on Thursday.
Construction revels as economic sentiment, consumer confidence rise further in April
Greece’s economic sentiment (ESI) rose by 1 point month-on-month in April to 97.9, following a five-point rise in March, European Commission figures showed on Thursday.
FinMin sees favourable macro environment from next year, boosted by RRF
As part of the wider effort to change the narrative that has often brought the government in an awkward spot during the pandemic handling since last summer, the finance minister presented at the cabinet meeting on Monday the objectives and policies that will restart the Greek economy.
Disposable income rises 0.8 pct in Q4 2020; consumption falls 8.9 pct
Greek household disposable income rose by 0.8 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020, compared with an increase of 1.6 percent in Q3, according to Hellenic Statistical Authority (ELSTAT) data.
Budget primary deficit beats March goal amid resilient income tax take
The budget primary balance recorded a deficit of 3.41 billion euros in the first three months of 2021, compared with a surplus of 494 million in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for March showed on Monday.
Piraeus Bank raises 1.38 bln in share capital increase
Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range.