Economy
EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
The European Commission (EC) issued its latest forecasts for Greece in the context of its regular autumn economic forecast cycle on Thursday, when it revealed that it expects growth to remain resilient despite a slowdown in the first half of the year.
Unemployment edges down to 16.7 pct, lowest since April 2011
Greece’s seasonally adjusted (SA) unemployment rate edged down to 16.7 percent in August, down from 16.9 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Trade deficit rises by 2.3 pct in September
Greece’s trade deficit rose by 2.3 percent year-on-year (YoY) in September compared to a fall of 1.7 percent in August, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed.
General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
Greece’s general government (gg) primary cash surplus came to 6.25 billion euros in the first nine months of the year, up by 1.06 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Overdue tax, debtors jump in Sept as total reaches 105.6 bln
The month-on-month rise in Greece's new tax debt came to 588 million euros in September, data from the Independent Authority of Public Revenues (IAPR) has shown.
Hellenic Petroleum net profits slump by 53 pct on oil price movements
Greece’s largest oil refinery, Hellenic Petroleum’s financial results for the first nine months (9M) of the year show that the group’s sales dropped by 7 percent during the period.
Changes to primary residence protection proposed in bid to draw more applications
A bill bringing changes to the framework for the protection of primary residences was submitted to Parliament yesterday by the Finance Ministry, which is hoping to boost the number of applications.
Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
The deal between Piraeus Bank and Intrum which concluded in October will create the largest independent loan servicer in Greece, executives from both firms said in comments to the press late last week.
PMI stable at 53.5 points in October as foreign orders rise
Greece’s manufacturing PMI remained almost unchanged at 53.5 points in October from 53.6 points in September, according to the latest data from Markit.
Airport privatisation set for take-off as more sales head for runway
The privatisation of the Athens International Airport (AIA) moved forward a step this week when the Hellenic Republic Asset Development Fund (HRADF) announced that 10 investment schemes expressed interest in the first phase of acquiring a 30 percent stake in the airport currently held by HRADF.