Economy
IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
The International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget.
Greece drops to 72 in Doing Business index as long-term problems persist
The latest Doing Business Indicators report for 2019 by the World Bank Group has shown that Greece fell to number 72 out of 190 economies worldwide.
PMI slows to 53.1 in October, orders and employment remain strong
Greece’s Manufacturing PMI declined slightly to 53.1 points in October from 53.6 points in September, staying over the 50-mark threshold for 17 months.
Retail turnover increases by 4.3 pct in August, volume rises 3.2 pct
Greece’s retail sales index increased by 4.3 percent in August, a slight increase from July’s figure of 4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Mytilineos nine-month turnover drops by 3.2 pct
The industrial conglomerate Mytilineos S.A has released its nine-month (9M) results showing that turnover fell by 3.2 percent year-on-year (YoY).
Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points
Greece’s economic sentiment (ESI) fell by 0.3 points to 101 in October compared to September, European Commission (EC) figures revealed on Tuesday.
Disposable income grows by 3.3 pct in Q2
Greek household disposable income grew by 3.3 percent year-on-year in the second quarter (Q2) of 2018, picking up from the increase of 2.1 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Athens aims for November agreement with lenders on pension cuts
It appears that Greece and its European lenders will attempt to settle the pension cuts issue at a special Eurogroup meeting that is due to take place on November 19 with the primary aim of preparing eurozone reform measures for the European Council to discuss in December.
New details reveal what may have led to discrepancy in Athens Airport concession price
Sources at the Hellenic Republic Asset Development Fund (HRADF) admitted this week that the initial price of the Athens International Airport (AIA) contract had been too low based on outdated parameters.
Deposit inflows come to 102 mln in September, slowing from recent months
Net deposit movement in the Greek banking system remained positive in September with inflows of 102 million euros, Bank of Greece (BoG) figures revealed on Wednesday.