Economy
Improving trends in property market highlighted by central bank
The Bank of Greece (BoG) Monetary Policy released on Monday contained an outlook for the property market in Greece and anticipated developments, which highlighted that signs of stabilisation were noted during 2017.
Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
During his visit to Athens on Tuesday, European Economic Affairs Commissioner Pierre Moscovici seemed to suggest that Greece might not have to implement the pension cuts that have been lined up for next year.
HELPE privatisation moves closer as ROSCO sale is completed
Two international bodies have made it to the second round of bidding for a 50.1 percent stake in Hellenic Petrol (HELPE) as progress continues on Greece’s privatisations.
BoG report outlines benefits of surveillance and scenarios for debt
In the Monetary Policy report that was issued on Monday, Bank of Greece (BoG) dedicates a section on the completion of the third programme based on the agreement that was reached at the June 21 Eurogroup.
Piraeus enters agreement for sale of 2.2 bln loan portfolio
Piraeus Bank took another step towards reducing its pile of bad loans when it announced on Monday that it had entered into a binding agreement with APS Investments S.a.r.l. (APS) for the sale of a loan portfolio.
BoG Monetary Policy Report positive on programme end but advises caution for future targets
Bank of Greece (BoG) issued its annual Monetary Policy Report for 2017 – 2018 on Monday, in which it outlines the positive outlook from the completion of the third adjustment programme and the debt and surveillance decisions of the last Eurogroup.
PMI at 53.5 pts in June as Greek manufacturing sector finishes Q2 on a positive note
Greece’s Manufacturing PMI dropped by 0.7 points to 53.5 in June, staying over the 50-mark threshold for 13 straight months as confidence gradually strengthens.
New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
Greece’s new tax debt rose by 610 million in May, increasing slightly from April’s rise of 599 million, data from the Independent Authority of Public Revenues (IAPR) has shown.
IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
Following a week of meetings with the Greek authorities and relevant ministries in the context of the regular consultations under Article IV, the IMF staff issued on Friday their concluding statement of this year’s mission.
Retail sales up by 0.8 pct in April while volume rises by 1.3 pct
Greece’s retail sales index increased by 0.8 percent in April, slowing down from growth of 1.2 percent noted in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.