Economy
Government seeks to appease banks over ADMIE privatisation
In a letter sent by the four systemic Greek banks to Finance Minister Euclid Tsakalotos on January 11, but revealed by the Greek media on Friday, they expressed their serious concerns about the privatisation process of the Independent Power Transmission Operator (ADMIE).
Stocks drop 1.3 pct during week with light trading volumes
The Greek equity market fell 1.3 percent this week - mostly reflecting the losses of 2 percent on Friday, while the trading activity remained subdued for yet another week.
Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
The employment balance remained positive in December 2016, with net hirings increasing to 11,132 from 7,826 a year ago, data from the Labour Ministry’s Ergani information system showed on Friday.
Athens warms to idea of eurozone going it alone after Schaeuble IMF comment
In an interview with Suddeutsche Zeitung, German Finance Minister Wolfgang Schaeuble raised the possibility of the International Monetary Fund not participating in the Greek programme, prompting an immediate – and seemingly eager – response from Athens.
In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
Bank of Greece (BoG) published on Thursday the second issue of its semi-annual overview of the Greek financial sector and provided an update on the key banking figures, mostly related to loan quality, in the first half of 2016.
Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
Greece’s seasonally adjusted (SA) unemployment rate eased for the second straight month to 23 percent in October from 23.1 percent in September, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
Greece’s M&A market stagnates during recession
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Mergers and acquisitions (M&As) are an important element to corporate growth but one that Greece appears to be lacking.
CPI stays flat in December, falls by 0.8 pct in 2016
Τhe Greek Consumer Price Index (CPI) remained stable in December following a drop of 0.9 percent in November, Hellenic Statistical Authority (ELSTAT) data displayed on Wednesday.
Early tourism estimates point to increased airline pre-bookings and lower cruise passengers in 2017
The demand for airline travel to Greece remains very strong for 2017, particularly from German-speaking countries, according to INSETE, the Institute of the Greek Tourism Confederation (SETE).
Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
Road motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.