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Newsletter 347 - 22/07/2022
process. Estimates published in Sunday’s Kathimerini suggest that acquiring the 8 TWh of natural gas...’s crisis meeting that PPC is to double its lignite production from 5 to 10 TWh over the next 12... another 1 billion euros from the market via a private placement and the first variable security in years
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PM prepares to reaffirm political dominance in EP elections
PoliticsGreek Politicsby 1 point to 29.5 pct, while PASOK’s ratings also dropped by half a point to 12 pct. SYRIZA saw its backing edge up by half a point, rising to 12 pct, level with PASOK. The Communist Party (KKE) lost... into account, 56 pct feel that SYRIZA was weakened by the conference, while only 8 pct believe it emerged
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Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
EconomyMacroeconomyAfter a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT). The index covers the total of gross earnings received by employees
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomyThe Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday. This was the fourth reduction since August 18 reflecting an overall improvement in banks’ liquidity position after the signing of the agreement
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Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
EconomyThe government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system. This would be brought about through a combination of broadening the tax base, which is favoured
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Current account surplus widens to 1 bln in September
EconomyMacroeconomythe travel surplus up by 1 percent to 2.04 billion. The BoG also noted that the deterioration in the primary
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Building activity edged up 1 pct in September
EconomyMacroeconomyGreek building permits grew for the third successive month in September but at a much slower pace of 1 percent from 16.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The double-digit growth rate in August growth mostly reflected a low base effect, since
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyThe pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow turned negative for the first time since February with net deductions standing at 395 million
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CPI up again in June with 1 pct increase
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) grew by 1 percent in June from 1.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday. Although the June headline figure has eased slightly from the CPI recorded in May, it represents the sixth continuous positive reading
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CPI up by 1 pct in July for seventh straight rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) grew by 1 percent in July, remaining at the same level as June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. Although unchanged from the previous month, July’s headline figure is the seventh consecutive positive reading after four years
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