Economy
Deliberations over primary residence bill set to delay green light from Eurogroup
The chances of Greece securing the eurozone’s approval for almost 1 billion euros in debt relief measures at Monday’s Eurogroup appear slim as Athens and the institutions had not settled on the details of the legislation for primary residences by Friday.
Turnover in tourism grows by 2.8 pct during Q4 and 9 pct in 2018
The turnover index in accommodation and food services remained positive for a seventh continuous quarter in the fourth quarter (Q4) of the year, with an increase of 2.8 percent (ELSTAT) figures showed on Thursday.
Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
Greece’s seasonally adjusted (SA) GDP fell by 0.1 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018 after an upwards revised increase of 1 percent in the previous quarter, provisional estimates from ELSTAT revealed on Thursday.
Unemployment rate falls to 18 pct in Dec, lowest since July 2011
Greece’s seasonally adjusted (SA) unemployment rate continued its downward path in December and came to 18 percent after a slightly downward revised 18.3 percent in November, from 18.5 percent previously, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
The positive sentiment around Greek sovereign debt, which has been evident since the turn of the year, manifested itself again on Monday when Greece opened the book-building process for a new 10-year benchmark.
Apartment prices up by 2.5 pct in Q4 and 1.5 pct in 2018 as property recovery solidifies
The nominal value of apartments in Greece during the fourth quarter (Q4) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Tuesday.
Foreclosure bill undergoing final adjustments to satisfy creditors
The government is looking to the Bank of Greece to provide its assessment of the latest version of the draft law for the protection of primary residences from foreclosure so the bill can be tabled in Parliament and voted on this week, ahead of Monday’s Eurogroup.
Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month
Greek banks’ Eurosystem funding declined by 1.16 billion euros month-on-month (MoM) in December, the Bank of Greece's (BoG) final financial statement for 2018 has revealed.
Athens aims to wrap up legislation on foreclosures and issue 10-year bond
Following further discussions between the Greek government and the institutions over the weekend, Athens is hoping to submit to Parliament in the coming days the draft legislation protecting primary residences from foreclosure.
Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Moody’s upgraded Greece’s credit rating by two notches on Friday, taking it to ‘B1’, from ‘B3’ previously, with a stable outlook, from positive.