Economy
Lenders also require health and labour market reforms from gov't in next months
While the attention regarding the key deliverables outlined in the third memorandum of understanding (MoU) has fallen on the areas of fiscal policy, pension reform, energy market and privatisation, there are a series of measures that have to be implemented that relate to health care and the labour market.
PMI rebounded in September, but survey data still point to a downturn on lack of new orders
Greece’s Manufacturing PMI further rose by 4.2 points to 43.3 in September from 39.1 in August, Markit said on Thursday.
New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
Following a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate fell by another 12 bps to 1.19 percent in August Bank of Greece (BoG) figures showed on Thursday.
Greece failed to improve economic competitiveness in 2014, WEF report shows
After an improvement in the preceding two years, Greece’s competitiveness remained stable in 2014, according to the Global Competitiveness Report 2015-16 published by the World Economic Forum (WEF) on Wednesday.
Retail sales nosedive by 8.7 pct in July amid capital controls
The turnover of Greece’s retail trade index fell sharply by 8.7 percent in July, after a 1.7 percent drop in June, the Hellenic Statistical Agency (ELSTAT) said on Wednesday.
Economic sentiment rebounds in September after six-month drop
After dropping in the preceding six months, Greece’s economic sentiment (ESI) strongly rebounded in September, when it rose by 7.9 points to 83.1 from 75.2 in August, European Commission (EC) figures showed on Tuesday.
Ambitious privatisation targets will test government's resolve
Energy Minister Panos Skourletis insistence on Monday that the government aims to prevent power grid operator ADMIE being sold to private investors was a reminder of the pressing privatisation targets ahead for the coalition.
Hotel guest numbers up 8.7 percent in 2014
The arrivals of foreign visitors in hotels and other facilities such as campsites as well as the number of nights they stayed increased by 8.7 and 5.5 percent, respectively, in 2014, according to official annual tourism data (pdf).
Three months on from imposition of capital controls, some restrictions being relaxed
Three months after the imposition of capital controls on June 29, the Finance Ministry outlined on Monday the restrictions or relaxations that are currently in effect.
Overhaul of energy market among tasks looming for government
On top of the fiscal policy measures and pension reforms the new government has to work on in the next few weeks, it also has to meet key deliverables in the energy sector over the coming months as part of its commitments in the third bailout programme.