Economy
Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
Following a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion euros in October, according to the Bank of Greece's (BoG) monthly financial statement.
Rate of drop in building activity increases to 19.9 pct in August
Τhe number of building permits issued in Greece fell at a faster pace in August, dropping by 19.9 percent after an 8 percent drop in July, according to the Hellenic Statistical Authority (ELSTAT).
What does a bailout exit with a precautionary credit line mean for Greece?
Eurogroup President Jeroen Dijsselbloem announced after the November 6 Eurogroup that “there is a strong support for a precautionary credit line in a form of Enhanced Conditions Credit Line (ECCL).” But what does this mean for Greece?
Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
International tourist arrivals at Greece’s main airports surged 23.5 percent to 1.04 million in October, according to the provisional data released by the Association of Greek Tourism Enterprises (SETE).
Car sales still going strong in 2014; up by 33.7 pct in October
Τhe rate of growth in the number of road motor vehicles going into circulation for the first time at dipped to 33.7 percent in October from 44.3 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production falls by 5.1 pct in September for seventh straight drop
The Greek Industrial Production Index (IPI) posted a decline for the seventh successive month in September, dropping by 5.1 percent following an upward revised 5.9 percent decrease in August, according to the Hellenic Statistical Authority (ELSTAT).
Greek deflation shoots up to 1.7 pct in October
The Greek economy showed deeper deflation of 1.7 percent in October from 0.8 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
Developments in Greece produce volatile market reaction
The Greek stock market plunged 5.38 percent on Friday in the aftermath of the Eurogroup’s indication that it would support a precautionary credit line for Greece in the form of an Enhanced Conditions Credit Line (ECCL).
Eurobank reports loss of 186.6 mln in Q3
Eurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2.
Greeks exports down by 8.7 pct in September as imports rise by 7.4 pct
Greece’s exports remained on a downward trend for the third straight month in September but the drop accelerated to 8.7 percent, according to the flash estimates of commercial transactions released by Hellenic Statistical Authority (ELSTAT) on Friday.