Economy
OECD sees growth picking up, warns about society and financial sector
The Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year.
Deposit inflows of 1.04 bln in October for banks
Deposit flows in the Greek banking system showed positive inflows of 1.04 billion in October, reversing outflows of 47.2 million seen in September, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction deepens slightly to 0.9 pct in October
Credit contraction in the Greek market increased slightly by 0.9 percent in October, compared to a contraction of 0.8 percent in September, Bank of Greece (BoG) figures showed on Tuesday.
Hellenic Exchanges nine month results reveal 2.9 pct fall in turnover
Athens Stock Exchange’s (ATHEX) nine month results showed that group turnover fell by 2.9 percent year-on-year.
Institutions, Athens start new round of review talks as e-auctions get green light
Talks between the institutions and the Greek government are due to resume on Tuesday with hopes of a staff-level agreement (SLA) being reached by the end of the year growing after notaries decided to end their strike so that electronic auctions can start on Wednesday.
Office prices slip by 0.7 percent in first half of 2017
Office prices in Greece fell by 0.7 percent in the first half (H1) of 2017 compared to the same period last year, Bank of Greece (BoG) data showed on Monday.
Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
The budget primary balance was confirmed at a surplus of 5.33 billion euros in the first 10 months of 2017, up by 9.7 percent against last year’s figure of 4.86 billion euros, the Finance Ministry’s final budget execution bulletin showed on Friday.
Institutions head back to Athens in search of SLA by end of week
The institutions are returning to Athens this week with the aim of having a staff-level agreement (SLA) in place before Monday’s Eurogroup.
OECD report shows Greece had highest tax ratio rise in 2016
The OECD published yesterday its regular revenue statistics for 2017. The publication has comparable tax revenue data with the latest edition, providing final data up to 2015 as well as provisional estimates for 2016.
Sarantis Group sales rise by 6.3 pct in nine-month period
Consumer product producer and retailer Sarantis Group’s nine-month results show that sales improved by 6.3 percent during the period.