Economy
Parliament's budget office sees obstacles to recovery, warns on private debt
In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals.
Retail sales fall by 3.1 pct in Aug after fleeting rebound in July
The turnover of Greece’s retail trade index fell by 3.1 percent in August, after a rise of 7.1 percent in July attributed to a low base effect, Hellenic Statistical Agency (ELSTAT) figures showed on Monday.
New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln
Greece’s new tax debt rose by 1.35 billion euros in September after increasing by 1.37 billion in August, according to data published by the General Secretariat of Public Revenues (GSPR).
Some progress in first round of talks but most second review issues remain unresolved
Following the first round of discussions on the second programme review, which began on October 21 and concluded last Thursday, Finance Ministry sources claimed significant progress was made on most issues.
Economic sentiment and consumer confidence markedly improve in October
The economic sentiment (ESI) in Greece improved by 2.4 points in October, after falling by 1.1 points in September, the European Commission (EC) figures showed on Friday.
Greek stocks slip 0.9 pct on week
The Greek equity market traded mostly on negative ground, ending the week down 0.9 percent, ending a three-week period of rises with trading volumes remaining very soft.
Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
The rate of credit contraction in the Greek market remained stable at 1.7 percent in September, Bank of Greece (BoG) figures showed on Thursday.
Deposits edge down to 123.5 bln in September on outflows of 379 mln
The Greek market recorded deposit outflows of 379 million euros in September, following inflows of 1.33 billion in August, Bank of Greece (BoG) figures displayed on Thursday.
First round of second review discussions concludes on Thursday
The first round of discussions between the Greek government and the institutions’ mission chiefs on the second programme review lasted one week and concludes on Thursday.
Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE
The Public Power Corporation (PPC) said on Wednesday evening that the China’s State Grid Corporation submitted the highest binding offer of 320 million euros for the acquisition of a 24 percent stake in the Independent Power Transmission Operator (ADMIE).