Economy
PBO highlights areas of uncertainty for 2020 budget
The Parliamentary Budget Office (PBO) has followed the footsteps of the Fiscal Council by issuing its opinion on the draft budget that the government tabled last week.
Travel surplus rises by 10.4 pct in H1, German visitor numbers and receipts drop
The balance of travel services came to a surplus of 4.08 billion euros for the first half (H1) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year.
Building permits increase by 18.5 pct in July
Building permits rose by 18.5 percent year-on-year (YoY) in July compared to a rise of 4.7 percent in June, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Industrial production edges down by 0.6 pct in August
Greece’s Industrial Production Index (IPI) decreased by 0.6 percent year-on-year (YoY) in August compared to a revised decrease of 2.1 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
CPI edges down by 0.1 pct in September
Greece’s Consumer Price Index (CPI) contracted by 0.1 percent year-on-year (YoY) in September, staying negative for a second month, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Commission gives go-ahead for APS to reduce NPL pile
The European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books.
Unemployment edges down to 16.9 pct, below 17 pct for first time since 2011
Greece’s seasonally adjusted (SA) unemployment rate came to 16.9 percent in July from a slightly upward revised of 17.1 percent in June, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Car sales rise by 22.9 pct in September
Road motor vehicles going into circulation for the first time rose by 22.9 percent in September, compared to a rise of 20.2 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Greece tugged down in WEF competitiveness ranking by financial system, institutions
The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell two places in a year, standing at number 59.
Reopening of 10-year bond secures record low yield of 1.5 pct
Greece’s Public Debt Management Agency (PDMA) published the details of the country’s fourth syndicated transaction for 2019 which came in the form of the reopening of the 10-year bond maturing in March 2029 that was issued earlier this year.