Economy
Latest market foray for 15-yr bond attracts strong investor interest with record low yield
Greece completed on Wednesday its fifth market foray for the year by re-opening the 15-year bond that it had issued at the end of January.
Current account shows surplus of 79.7 mln in August
Greece’s current account (C/A) balance posted a surplus of 79.7 million euros in August compared to a deficit of 874.5 million euros in July, Bank of Greece (BoG) data showed on Wednesday.
Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
With Greece’s coronavirus numbers still climbing, Greece’s banking system is continuing with its bad loan reduction plans and an eventual return to normal operations.
Industrial turnover drops by 15.1 pct in August as manufacturing slows
Greece’s industrial turnover fell by 15.1 percent year-on-year (YoY) in August compared to a sharper drop of 16.2 percent in July, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.
Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
As part of the second estimate for the national accounts and the regular cycle of base year revision that takes place every five years, the Hellenic Statistical Authority revised 2019 GDP data and the annual series base year to 2015, from 2010.
Primary cash balance deficit at 7.12 bln in Sept
Greece’s central government primary cash balance recorded a deficit of 7.12 billion euros in the first nine months of the year according to figures released by the Bank of Greece (BoG).
Budget primary shows deficit of 7.01 bln as revenues suffer in September
The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday.
IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
The International Monetary Fund has issued its updated macroeconomic forecasts for Greece within the framework of the World Economic Outlook and the Fiscal Monitor released within as part of the IMF’s Annual Meetings.
Survey finds only 60 pct of hotels operated in the year so far
The Hellenic Chamber of Hotels (HCH) has released a new survey of its members which shows the troubled state of Greece’s hotel sector in the midst of the coronavirus pandemic.
Employment balance positive by 38,529 in September
The employment balance was positive with 38,529 more hirings than firings in September, data from the Labour Ministry’s Ergani information system showed.