Economy
CPI rises for ninth straight month in Sept with 1 pct increase
Greece’s Consumer Price Index (CPI) rose by 1 percent in September, up slightly from the 0.9 percent increase noted in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Athens rushing to reduce arrears and secure 800 mln in bailout funds
The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism disbursement worth 800 million euros.
Car sales continue to grow with 30.1 pct rise in September
Road motor vehicles (going into circulation for the first time) rose by 30.1 percent in September from 31.3 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Net job hirings of 17,128 in September after brief dip
The employment balance returned to positive territory in September with a net figure of 17,128 as hirings outpaced departures, data from the Labour Ministry’s Ergani information system revealed on Friday.
Trade deficit jumps by 31.3 pct in August as imports outpace exports
Greece’s trade deficit increased by 31.3 percent in August after a rise of 5.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Eurobank sells NPL package in attempt to reduce bad debt pile
Eurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion euros in their balance sheets.
Unemployment falls to 21 pct in July, lowest since Nov 2011
Greece’s seasonally adjusted (SA) unemployment fell to 21 percent in July after an upwardly revised figure of 21.3 percent in June, the Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
Draft budget highlights taxpayer fatigue, creates policy mix doubts
The draft 2018 budget submitted to Parliament on Monday is the first formal confirmation by the Finance Ministry that revenues figures are starting to reveal signs of fatigue among taxpayers.
General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
Greece’s general government (gg) primary cash surplus rose by 509 million euros from the previous year to 4.51 billion in the first eight months of 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
Athens outlines 2018 debt management plan for post-bailout era
In the draft 2018 budget submitted to Parliament on Monday, the Greek government outlined parts of its strategy for debt management next year and in the post-programme era.