Macroeconomy
Primary cash surplus of 1.95 bln in 2016 including arrears’ repayment of 3.85 bln
Greece’s central government primary cash surplus fell to 1.95 billion in 2016 from 3.49 billion in the previous year, Bank of Greece (BoG) figures displayed on Tuesday.
Industrial turnover rebounds 2 pct in November
Greece’s Turnover Index in Industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
HRADF signs share purchase agreement with Ferrovie for sale of TRAINOSE
The Hellenic Republic Asset Development Fund (HRADF) said on Wednesday it has signed the share purchase agreement for the sale of 100 percent in TRAINOSE (operation and management of railway activities) to the Italian Ferrovie Dello Stato Italiane for a consideration of 45 million euros.
PPC general meeting approves unbundling of ADMIE
The Public Power Corporation (PPC) held an Extraordinary General Meeting (EGM) on Tuesday that approved the unbundling of the Independent Power Transmission Operator (ADMIE), which is fully owned by PPC.
Credit standards and demand for corporate and household loans remain unchanged in Q4
Credit standards for both corporate and household loans remained stable quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, in line with previous estimates, Bank of Greece (BoG) bank lending survey (BLS) displayed on Tuesday.
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
Building activity resumes downswing falling by 5.7 pct in October
Greek building permits fell by 5.7 percent in October after rebounding in the previous three months, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
Government seeks to appease banks over ADMIE privatisation
In a letter sent by the four systemic Greek banks to Finance Minister Euclid Tsakalotos on January 11, but revealed by the Greek media on Friday, they expressed their serious concerns about the privatisation process of the Independent Power Transmission Operator (ADMIE).
Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
The employment balance remained positive in December 2016, with net hirings increasing to 11,132 from 7,826 a year ago, data from the Labour Ministry’s Ergani information system showed on Friday.
Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
Greece’s seasonally adjusted (SA) unemployment rate eased for the second straight month to 23 percent in October from 23.1 percent in September, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.