Economy
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).
Disposable income falls for second straight quarter, by 0.7 pct in Q2
Greek household disposable income dropped for the second straight quarter, albeit at a slower pace of 0.7 percent, in the second quarter (Q2) of 2016, compared to a decrease of 1.6 percent in Q1, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Greece drops three places to 61st in World Bank's ‘Doing Business’ ranking
Greece’s position in the “Ease of Doing Business” ranking deteriorated by 3 spots, the World Bank’s 2017 Doing Business report revealed on Tuesday evening.
Arrears clearance meets September target, unlocks latest tranche
The European Commission (EC) published a note for the Eurogroup Working Group on Tuesday regarding the monitoring of net arrears clearance in the July-September period.