Economy
Accommodation and food services index up 7.6 pct in Q3
The Turnover Index in Accommodation and Food Services grew by 7.6 percent in the third quarter (Q3) of 2014, following a rise of 6.7 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).
General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
The Greek general government (gg) primary cash surplus climbed to 3.46 billion euros in the 10-month period of 2014, 2.4 times higher than the 1.43 billion posted last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
Greek loan rates remained well above euro area average in October
The interest rate on households’ new time deposits was further reduced by 14 basis points (bps) to 1.94 percent in October, according to the Bank of Greece (BoG). This was the first reading below the 2-percent mark since Greece’s accession in the eurozone in 2002.
No green light from troika yet as Greece moves towards bailout extension
The troika sent early on Wednesday a response to the measures proposed by Greece with the aim of securing the return of inspectors to Athens and a conclusion to the prolonged programme review.
The measures Greece is proposing to secure troika's return
Building on the basic points leaked on Monday, Kathimerini daily unveiled on Tuesday the measures included in a 43-page document sent by the Greek authorities to the troika with the aim of breaking the deadlock over the current review.
Greece moves closer to troika over fiscal gap, waits for response
In an effort to reach a compromise with the troika, Greek authorities have a range of proposals mainly aimed bridging the anticipated fiscal gap of about 2.5 billion euros for 2015.
Small rise for Greek manufacturing PMI in November
Greece’s Manufacturing PMI improved for the second straight month in November, rising by 0.3 points to 49.1 from 48.8 in October, according to Markit.
Greek deposits down 0.2 pct in October after seven months of rises
Following a rise in the preceding seven months, Greek private sector deposits fell by 0.2 percent month on month (MoM) in October. Balances reached 164.5 billion euros, according to the Bank of Greece (BoG).
Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
The Greek non-seasonally adjusted (NSA) GDP at constant prices posted a growth of 1.9 percent year on year (YoY) in Q3, higher than the flash estimate of 1.7 percent, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) on Friday.
Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011
The rate of credit contraction in Greece decelerated to 3.2 percent in October from 3.5 percent in September, according to the Bank of Greece (BoG). This was the lowest negative reading since December 2011.