Economy
Current account lands on deficit of 673.4 mln in October, aggregate at deficit of 697.4 mln
Greece’s current account (C/A) balance posted a deficit of 673.4 million euros in October, from a surplus of 886.6 million in September, according to Bank of Greece (BoG) data released on Friday.
Unemployment drops to 16.4 pct in Q3
The Greek non-seasonally-adjusted unemployment rate stood at 16.4 percent in the third quarter quarter (Q3) of the year, dropping from a rate of 16.9 percent noted in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Unemployment edges down to 16.8 pct in September
Greece’s seasonally adjusted (SA) unemployment rate came to 16.8 percent in September from a slightly upward revised 16.9 percent in August, Hellenic Statistical Authority’s (ELSTAT) data showed on Friday.
Wages index drops for first time in two years, declining by 1.2 pct in Q3
Greece’s seasonally adjusted (SA) Wages Index fell by 1.2 percent year-on-year (YoY) in the third quarter (Q3) of 2019, following an increase of 2.2 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures revealed on Thursday.
Promises and challenges of Greece's "green new deal"
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Recent announcements promise a radical shake-up of the Greek power sector, with the government pledging to put the country among the global leaders in the transition to a zero-carbon economy.
Primary cash balance surplus at 6.31 bln in November
Greece’s central government primary cash balance recorded a surplus of 6.31 billion euros in the first 11 months of the year according to figures released by the Bank of Greece (BoG).
Hellinikon runs into another stumbling block as casino tender falters
The Hellinikon project appears to have run into delays again as complications have arisen in the tender for the permit to build a casino resort on the site of the former Athens airport.
IMF paper suggests shadow economy still thriving
A working paper from the International Monetary Fund (IMF) on the shadow economy of Europe has shown that the phenomenon continues to persist in the Greek economy.
Q3 sees loans managed by servicers rise by 10.8 pct QoQ to reach 20.11 bln
The Bank of Greece (BoG) released a new quarterly bulletin last week detailing statistics regarding the operations of Credit Servicing Firms (CSFs).
Budget primary surplus at 6.95 bln in Nov as expenditure drops
The budget primary balance recorded a surplus of 6.95 billion euros in the first eleven months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.