Economy
Economic sentiment at 98.3 pts in October, consumer confidence drops -0.3 pts
Greece’s economic sentiment (ESI) remained in positive territory in October but slipped under the 100-point mark to 98.3 compared to 100.6 points in September, European Commission (EC) figures revealed on Monday.
Focus back on remaining prior actions after mission chiefs' visit
After the week-long visit by the institutions’ heads of mission to Athens as part of the third programme review, the focus will now shift back to the implementation of the dozens of outstanding prior actions needed for the inspection to be completed.
Disposable income grows by 0.2 pct in Q2 on higher remuneration, consumption rises
Greek household disposable income grew by 0.2 percent in the second quarter (Q2) of 2017, after edging down by 0.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data revealed on Friday.
Sub-tranche for arrears approved as round of review talks draws to close
The European Stability Mechanism board of directors approved on Thursday the disbursement of the remaining 800 million euros in bailout loans as talks concerning the third review progressed in Athens.
Deposit outflow of 51.7 mln in September for banks
Deposit flows in the Greek banking system entered negative territory in September, showing a decline of 51.7 million against positive flows of 1.41 billion in August, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction eases to 0.8 pct in Sept
The pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9 percent in August, Bank of Greece (BoG) figures showed on Thursday.
Eurobank raises 500 mln with covered bond issue
Eurobank became the second major Greek bank to return to the international markets with the issuance of a covered bond on Wednesday, its first since 2014.
Athens expects 800 mln sub-tranche as review talks progress
The European Stability Mechanism’s (ESM) board of directors is due to meet on Thursday and is expected to approve the disbursal of the 800-million-euro bailout sub-tranche that has been pending since the summer.
Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
The stock of unpaid social security contributions rose to 30.53 billion euros at the end of Q3 of 2017, up from 23.32 billion at the end of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Budget primary surplus of 4.54 bln in 9-month below target despite underspend
The budget primary balance was confirmed at a surplus of 4.54 billion euros in the first nine months of 2017, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.