Economy
Credit contraction stays at 1.4 pct in November, loans to enterprises turn positive
Credit contraction in the Greek market remained at 1.4 percent in November, unchanged from October, Bank of Greece (BoG) figures showed on Thursday.
Travel balance rises by 21.4 pct in October
Greece’s travel balance edged up by 21.4 percent in October, following a much smaller rise of 0.8 percent in September, Bank of Greece (BoG) data has shown.
Alpha Bank and Eurobank start new year with further bad loan sales
Two of Greece’s systemic banks moved into 2019 with increased activity on their disposal of their pile of bad loans as the new year heralds a host of ambitious loan reduction targets.
PMI comes to 53.8 in December as rise in foreign demand compensates lower domestic activity
Greece’s manufacturing PMI dropped slightly to 53.8 points in December from 54 in November, staying over the 50-mark threshold for 19 consecutive months.
Private sector employees increase in 2018 along with average wage rise of 4.6 pct
The Labour Ministry’s Ergani information system released a special report detailing companies and workers with employment governed by private law for 2018.
Retail turnover falls by 2.2 pct in October, volume declines by 4 pct
Greece’s retail sales index fell by 2.2 percent in October after a slight downward revision to 4.5 percent for September, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
The budget primary balance was confirmed at a surplus of 7.63 billion euros in the first 11 months of 2018, according to the final budget execution bulletin for November published by the Finance Ministry (MoF) on Thursday.
PDMA sets out plans to build on recent market forays with bond issues in 2019
Greece’s Public Debt Management Agency (PDMA) issued this week its finance strategy for next year, which also outlines how the country’s market access since the summer of 2017 has been progressively built and gives a detailed profile of Greece’s current debt structure.
DESFA transfer complete as HRADF heads for record year in privatisation revenues
A major privatisation reached its conclusion on Thursday with the transfer of the Hellenic Gas Transmission System Operator (DESFA) to its purchasing consortium.
October current account deficit at 871.3 mln as goods balance worsens
Greece’s current account (C/A) balance recorded a deficit 871.3 million euros in October compared to a surplus of 550.8 million in September, Bank of Greece (BoG) figures showed on Friday.