Economy
Alpha and NBG complete sales of hotels
Two of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans, which include, among others, disposal of non-core assets.
PMI falls again in October amid ongoing drop in output and new orders
Greece’s Manufacturing PMI edged down for the second straight month in October, when it fell by 0.6 points, after a drop of 1.2 points in September, Markit’s survey showed on Tuesday.
Report reveals institutions’ views on labour market reforms
The quarterly report of the Parliamentary Budget Office (PBO) published on Monday revealed the key points that the institutions are focussing on as part of the negotiations on labour market reforms.
Parliament's budget office sees obstacles to recovery, warns on private debt
In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals.
Retail sales fall by 3.1 pct in Aug after fleeting rebound in July
The turnover of Greece’s retail trade index fell by 3.1 percent in August, after a rise of 7.1 percent in July attributed to a low base effect, Hellenic Statistical Agency (ELSTAT) figures showed on Monday.
New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln
Greece’s new tax debt rose by 1.35 billion euros in September after increasing by 1.37 billion in August, according to data published by the General Secretariat of Public Revenues (GSPR).
Some progress in first round of talks but most second review issues remain unresolved
Following the first round of discussions on the second programme review, which began on October 21 and concluded last Thursday, Finance Ministry sources claimed significant progress was made on most issues.
Economic sentiment and consumer confidence markedly improve in October
The economic sentiment (ESI) in Greece improved by 2.4 points in October, after falling by 1.1 points in September, the European Commission (EC) figures showed on Friday.
Greek stocks slip 0.9 pct on week
The Greek equity market traded mostly on negative ground, ending the week down 0.9 percent, ending a three-week period of rises with trading volumes remaining very soft.
Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
The rate of credit contraction in the Greek market remained stable at 1.7 percent in September, Bank of Greece (BoG) figures showed on Thursday.