Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month
Unemployment stable at 12.2 pct in August despite strong tourism season
Producer prices up by 39.5 pct in Aug, reversing trend of monthly drops
Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
Economic sentiment recovers 3.4 pts in Sept, buoyed by rise in services
Bank of Greece decision bolsters Greek lenders’ capital ratios
In an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital ratios effective in the fourth quarter of 2013.
The banks’ index jumped 2.4 percent on Friday in the aftermath news of the decision with Greek bank stock gains at 12.9 percent since the beginning of the year.
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