Economy
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.
ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
The Bank of Greece (BoG) said on Thursday that the ECB Governing Council decided to reduce the Emergency Liquidity Assistance (ELA) ceiling for Greek bank by 7.8 billion euros to 77.9 billion.
Banks reveal new capital structures, ex-bondholders sell shareholdings
Following the relevant approval by the Hellenic Capital Market Commission (HCMC), the four core banks published their prospectuses for the capital increases, which revealed among others, the official shareholder structure after the completion of their equity raisings.
Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
After remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis points (bps) to 1.06 percent in October, Bank of Greece (BoG) data showed on Wednesday.
Greek PMI edges up to 48.1 in Nov, suggest pace of deterioration slowing
Greece’s Manufacturing PMI continued heading north by 0.8 points to 48.1 in November from 47.3 in October, a Markit survey displayed on Tuesday.
Retail sales drop at faster pace of 5.2 pct in Sept
The turnover of Greece’s retail trade index fell at a faster pace by 5.2 percent in September following a drop by 3.8 percent in August, according to Hellenic Statistical Agency (ELSTAT) data published on Monday.
Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
Greece's seasonally adjusted (SA) GDP at constant prices fell by 0.9 percent quarter on quarter (QoQ) in Q3 2015, at a faster pace compared to the flash estimate of -0.5 percent released two weeks ago, according to Friday's Hellenic Statistical Authority (ELSTAT) provisional data.
Stock market slips 1.4 pct dragged by huge bank losses
The Greek stock market edged lower 1.4 percent this week amid strong under-performance of bank shares, which continued unabated for the fifth successive week.
Economic sentiment stable, consumer confidence down 4.5 pts in November
Greece’s economic sentiment (ESI) remained flat from previous month at 86.5 in November, European Commission (EC) data showed on Friday.