Economy
Greek industrial production drops for eighth straight month but at slower rate
The Greek Industrial Production Index (IPI) continued heading south for the eighth straight month in October, when it fell at a slower pace of 0.7 percent after a downward revised 4.9 percent drop in September, according to the Hellenic Statistical Authority (ELSTAT).
Greek stocks post second highest drop on record over political concerns
The government’s sudden decision to bring forward the presidential ballot by two months proved a negative surprise for the domestic stock market and investor sentiment was seriously damaged.
Rise in Greek car sales slows to 7.5 pct in November
Τhe rate of increase in the number of road motor vehicles going into circulation for the first time slowed to 7.5 percent in November from 33.7 percent in October, according to the Hellenic Statistical Authority (ELSTAT).
Greek deflation eases slightly to 1.2 pct in November
The drop in Greek consumer prices slowed to 1.2 percent in November from 1.7 percent in October, according to the Hellenic Statistical Authority (ELSTAT). However, the headline figure is the second highest deflationary reading since May.
Eurogroup agrees two-month extension for Greek bailout but political developments to dominate
The Eurogroup decided on Monday that it would be "favourably disposed" to a request by Greece for a technical extension of 2 months to the current bailout programme.
Greek exports up 7 pct in October, reach highest monthly level for 2014
Following a downward trend in the preceding three months, Greece’s exports rebounded by 7 percent in October, according to the flash estimate of commercial transactions released by Hellenic Statistical Authority (ELSTAT) on Monday.
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.