Economy
Decisive week for Greek programme begins with proposal from Athens
A crucial week for the future of the Greek programme is due to unfold over the next few days as Athens hopes to get the review process moving again based on a proposal to extend the fiscal mechanism.
S&P affirms Greece’s rating, outlook remains stable
S&P affirmed Greece’s ‘B-/B’ ratings in its scheduled rating review on Friday. The outlook remained stable, reflecting the rating agency’s view that the risks to its ratings are balanced over the next twelve months.
Stocks fall for second straight week amid soft volumes
The Greek stock market showed no signs of rebounding this week as it edged down 1.9 percent amid lack of market-moving news, particularly regarding the second programme review.
Current account deficit of 1.2 bln in Nov turns 11-month balance negative
Greece’s current account (C/A) deficit edged down to 1.19 billion euros in November 2016 from 1.17 billion a year ago, Bank of Greece (BoG) figures showed on Friday.
Higher number of firms and employees, increased average wage in private sector in 2016
The Labour Ministry published on Thursday the annual figures of its information system (Ergani) providing detailed figures on companies and workers with employment governed by private law for 2016.
ESM board to specify rules on short-term debt relief measures
The European Stability Mechanism (ESM) said on Thursday that its board of directors (BoD) will meet on January 23 to specify the rules of the short-term debt relief measures for Greece.
Primary cash surplus of 1.95 bln in 2016 including arrears’ repayment of 3.85 bln
Greece’s central government primary cash surplus fell to 1.95 billion in 2016 from 3.49 billion in the previous year, Bank of Greece (BoG) figures displayed on Tuesday.
Industrial turnover rebounds 2 pct in November
Greece’s Turnover Index in Industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
HRADF signs share purchase agreement with Ferrovie for sale of TRAINOSE
The Hellenic Republic Asset Development Fund (HRADF) said on Wednesday it has signed the share purchase agreement for the sale of 100 percent in TRAINOSE (operation and management of railway activities) to the Italian Ferrovie Dello Stato Italiane for a consideration of 45 million euros.
PPC general meeting approves unbundling of ADMIE
The Public Power Corporation (PPC) held an Extraordinary General Meeting (EGM) on Tuesday that approved the unbundling of the Independent Power Transmission Operator (ADMIE), which is fully owned by PPC.