Economy
Pension reform wrangle prompts Greece to consider going own way on contributions rise
Although decisions regarding pension reform are not due until the first programme review scheduled for January, after the second set of milestones has been completed, the issue is already beginning to dominate the agenda.
Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years
The seasonally adjusted (SA) Wages Index posted an increase by 2.7 percent in the third quarter (Q3) of 2015 after a drop of 2.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Car sales resume double-digit growth rate in Oct with 15.2 pct rise
After a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going into circulation for the first time) rebounded by 15.2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Turnover in tourism sector increases by 9.9 pct in Q3
The growth in the Turnover Index in Accommodation and Food Services slowed to 9.9 percent in the third quarter (Q3) of 2015 from 13.4 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed.
Trade deficit increases by 17.3 pct in Oct on large drop in exports
Greece’s trade deficit rose by 17.3 percent in October from a drop of 24.2 percent in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Privatisation of power transmission firm ADMIE a key challenge among prior actions
The privatisation of the electricity transmission company (ADMIE) is one of the thirteen prior actions Greece has to implement by December 11 to unlock the next sub-tranche of 1 billion.
Weak banks drag Greek stocks down by 6.5 pct during week
Greek shares fell by another 6.5 percent this week amid a continued bank weakness, which plunged at double-digit rates for the fifth successive week.
General gov't primary cash surplus widens notably to 4.84 bln by October
The general government (gg) primary cash surplus widened by 38.9 percent to 4.84 billion euros in the 10-month period of 2015 from 3.48 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday.
BoG report highlights need for programme implementation, political consensus
In its interim Monetary Policy report published on Friday, the Bank of Greece (BoG) urged Parliament to pass and the government to implement the legislation linked to Greece’s third bailout so the country to return to normality and sustainable growth.
Greece faces tight deadline for second set of milestones, first review looms
The Greek government has until December 11 to complete the implementation of the second set of milestones so it can receive the next sub-tranche of 1 billion euros, an EU official told Kathimerini on Thursday.