Economy
Multiple potential benefits await Greece if it can clinch QE eligibility
By:
If it manages to conclude the second review, Athens has its heart set on the inclusion of Greek government bonds (GGBs) in the European Central Bank’s quantitative easing (QE) programme, which requires the eurozone central bank to deem Greece’s debt sustainable.
Stocks dip by 0.2 pct, lack of trading activity continues
The Greek equity market traded in a relatively narrow range this week, when it slipped by 0.2 percent this week after a slight rebound of 0.7 percent in the previous week, amid light trading volumes.
Trade deficit soars in Jan on ship imports from non-EU countries
Greece’s trade deficit surged by 91.7 percent in January, following a rise of 4.8 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Industrial production increases by 7.2 pct in January
The Greek Industrial Production Index (IPI) rose at an accelerating pace of 7.2 percent in January after an upward revised increase of 2.5 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Greece remains in inflation for second straight month after CPI rises 1.3 pct in Feb
Τhe Greek Consumer Price Index (CPI) increased at a slightly higher pace by 1.3 percent in February after rising by 1.2 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Revenues beat target by 3.9 pct in Feb, remain above target for year
Greece’s budget revenues beat their target for the second straight month this year, according to preliminary figures for February published by the Independent Authority of Public Revenue (IAPR) on Friday.
Pause in review talks, leaving most difficult issues to be tackled
The latest round of negotiations between the Greek government and the institutions’ mission chiefs in Athens, which began on February 28, concluded on Thursday.
Job hirings at record high of 24,938 in Feb, negative employment balance for year-to-date
The employment balance remained positive in February 2017 with net hirings soaring to 24,938 from 14,437 last year, data from the Labour Ministry’s Ergani information system revealed on Thursday.
Turnover in tourism sector sees second successive rise in Q4 with 4.3 pct increase
The Turnover Index in Accommodation and Food Services increased at an accelerating pace of 4.3 percent in the fourth quarter (Q4) of 2016, after an upward revised growth rate of 2.9 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Unemployment rate stable for third month at 23.1 pct in Dec
Greece’s seasonally adjusted (SA) unemployment remained stable at 23.1 percent in December, following revisions of the previous two months’ data, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.