Economy
BoG data shows drop in card usage in first half of 2019
The Bank of Greece (BoG) Financial Stability Report for December has shed light on a number of fiscal trends in Greece, including the rise in card transactions in 2019.
Latest T-bill auction nets near-zero yield, rounding off landmark year for sovereign debt
Greece is rounding off the most successful year in its sovereign debt since 2010, and after three adjustment programmes, with the successful issue of a 52-week T-Bill on Wednesday that resulted in a yield close to zero.
Terna Energy net profits reach 27.9 mln in 9M
Renewable energy company, Terna Energy’s nine-month (9M) results show that revenues rose by 1 percent year-on-year (YoY) and came to 210.7 million.
Building permits increase by 8.5 pct in September
Building permits rose by 8.5 percent year-on-year (YoY) in September compared to a rise of 27 percent in August, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.
APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
Greece’s much-anticipated Asset Protection Scheme (APS), nicknamed Hercules, that aims to help banks clean up their balance sheets is a few steps away from coming into effect after the Finance Ministry submitted the draft law to Parliament on Tuesday under the emergency procedure.
Industrial production edges down by 0.3 percent in October
Greece’s Industrial Production Index (IPI) dropped by 0.3 percent year-on-year (YoY) in October compared to a revised increase of 2.4 percent in September, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
CPI edges up by 0.2 pct in November
Greece’s Consumer Price Index (CPI) rose by 0.2 percent year-on-year (YoY) in November, returning to positive territory after three negative months, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
In the financial stability report it issued last week, the Bank of Greece (BoG) emphasised the need for banks to reduce significantly the stock of non-performing exposures (NPE) and improve the composition of their capital base, 60 percent of which consists of deferred tax credits (DTC) and inhibits the systemic credit institutions.
Car sales rise by 12.5 pct in November
Road motor vehicles going into circulation for the first time rose by 12.5 percent in November, compared to a rise of 5.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Turnover in tourism sector rises by 6.1 pct in Q3
The turnover index in accommodation and food services rose by 6.1 percent year-on-year (YoY) in the third quarter (Q3), reversing a revised reading of 1.7 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.