Economy
Last round of Greek banks' recapitalisation drastically shifts shareholder structures
The introduction of Greek banks’ new shares for trading officially completed their last recapitalisation process. These shares largely resulted from the international bookbuilding process and the voluntary bond swap offers (LME).
Gov't postpones discussion on parallel programme ahead of tranche approval
The government postponed on Thursday the Parliamentary discussion on the draft bill of the so called “parallel programme” that was tabled in Parliament on December 15.
Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
The Greek non-seasonally-adjusted unemployment rate slipped for the second straight quarter to 24 percent in the third quarter (Q3) of 2015 from 24.6 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash surplus notably widens by 1.9 bln to 4.48 bln by November
Greece’s central government primary cash surplus notably widened by 72 percent to 4.48 billion in the 11-month period of 2015 from 2.6 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday.
Court ruling creates new complication for gov't, this time with property tax
According to reports, the plenary of the Council of State has decided that the statutory (“objective”) prices for real estate should be retrospectively adjusted as of May 21, 2015.
Marked rise in expenditure leads to a budget primary deficit in Nov
Greece’s budget primary balance turned to a deficit of 184 million euros in November following an impressive performance in the previous month when it showed a surplus of 1.46 billion, the Finance Ministry (MoF) preliminary budget figures showed on Tuesday.
Slight deterioration in services sector turnover in Q3
The majority of the turnover indices for the services sector fell in the third quarter (Q3) of 2015 for the second successive quarter, Hellenic Statistical Authority (ELSTAT) figures displayed on Tuesday.
Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
Greek banks’ Eurosystem funding fell by 5.98 billion euros in November following a drop by 2.01 billion in October, Bank of Greece's (BoG) monthly financial statement displayed on Monday.
Greece concludes regional airports deal, more privatisations lie ahead
The Hellenic Republic Asset Development Fund (HRADF) announced on Monday that it has signed the long-awaited 40-year concession agreement for the upgrade, maintenance, management and operation of 14 regional airports.
Multi-bill tabled in Parliament, paves way for sale of NPLs
The government tabled in Parliament on Saturday evening the multi-bill containing the prior actions demanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros.