Economy
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Greece’s debt management agency (PDMA) completed its debt issue strategy for 2019 with the issuance of a 2.5 billion, 7-year bond on Tuesday, which carried a coupon of 1.875 percent.
Lenders urge new government to meet fiscal targets as Athens issues 7-year bond
Just a few days after coming to office, the new government is aiming to take advantage of the positive sentiment in the markets by tapping investors with a 7-year bond.
Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
Greek banks’ Eurosystem funding rose by 539 million euros month-on-month (MoM) in June according to the monthly Bank of Greece's (BoG) financial statement.
Budget primary surplus at 382 mln in June
The budget primary balance recorded a surplus of 382 million euros in the first six months of 2019, compared to a deficit of 46 million noted in June 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
Talks to begin on plan to rescue PPC from dire financial straits
One of the first orders of business for the new government is to tackle the beleaguered state-controlled energy company, the Public Power Corporation (PPC).
PPC, Hellenikon present government with first test of problem solving mettle
To the extent that government is an exercise in handling short-term obstacles thrown up by events, the dire state of Public Power Corporation’s (PPC) finances and unblocking the flagship Hellinikon investment are the first hurdles faced by Kyriakos Mitsotakis’s administration.
Building permits increase by 14.6 pct in April
Building permits rose by 14.6 percent year-on-year (YoY) in April, increasing from a drop of 14.4 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
The month-on-month rise in Greece's new tax debt came to 235 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.
National Bank first to test market waters in post-election afterglow
If the bull case for Greece includes a pro-business government rousing dormant animal spirits in markets, that part of the case is still sleeping off a post-election campaign hangover.
Unemployment falls to 17.6 pct in April, dipping under 18 pct for first time since Jul 2011
Greece’s seasonally adjusted (SA) unemployment rate dropped under 18 percent and came to 17.6 percent in April from an upward revised rate of 18.2 percent in March, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.