Economy
Unemployment rate continues decline to 20.5 pct in September
Greece’s seasonally adjusted (SA) unemployment rate fell to 20.5 percent in September after a slight upward revision of 20.7 percent in August, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 6.39 bln in October, arrears continue to decline
Greece’s general government (gg) primary cash surplus amounted to 6.39 billion in the first 10 months of 2017, up by 452 million compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg bulletin.
Banks meet NPE reduction targets in Q3, adjust targets for next two years
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third quarter (Q3) of 2017 according to the fifth quarterly report on operational targets for NPEs published by the Bank of Greece.
Strike legislation, auctions present Athens with challenges in wake of SLA
Despite reaching a staff-level agreement (SLA) with its lenders a few days ago, the Greek government continues to face challenges in implementing some of the commitments it made to the institutions.
Eurogroup paves way for completion of third review, talks on debt relief
Monday’s Eurogroup rubber stamped the staff-level agreement reached between Greece and the institutions in Athens, paving the way for the Greek government to complete the remaining prior actions so the disbursement of the next tranche can be made and talks on debt relief can follow.
GDP growth slows in Q3 amid lower 2017 forecasts
Greece’s seasonally adjusted (SA) GDP grew by 0.3 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2017 after an upwards revised increase of 0.8 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.
After reaching SLA, Athens focuses on prior actions and next bond issue
The Greek government and the institutions reached a staff-level agreement (SLA) on Saturday, as had widely been expected, leaving Athens close to concluding the third review.
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017, attributable entirely from profits originating from continued operations.
November PMI at 52.2 as new business growth hits 45-month high, hirings reach 18-year peak
Greece’s Manufacturing PMI marginally increased by 0.1 points in November to 52.2, with the index remaining above the 50-mark threshold for the sixth consecutive month.
Athens hopeful of clinching SLA after progress in creditor talks
Greece and its lenders appear close to reaching a Staff Level Agreement (SLA) this week after talks appeared to progress on Thursday, with the two sides said to have agreed on next year’s projected fiscal overperformance.