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Manufacturing PMI climbs to 53.9 pts in August, outlook remains positive
EconomyMacroeconomymanufacturers remained strong in their positive outlook as business confidence reached a four-month high
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Mitsotakis plans cuts to pension contributions, aims to add private element to system
PoliticsGreek Politicspercent over the course of four years (a full term in office). He said that the measure would
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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgramme. The mission is expected to last four days. The draft budget has to be submitted to Parliament on October 1
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomybillion, stems from tax categories. The remainder is related to the four key taxes. The Ministry
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Trade deficit grows by 34.5 pct in July on continued import rises
EconomyMacroeconomyis the second consecutive time this year that the deficit has grown after four consecutive months
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CPI rises by 1 pct in August, staying positive for fifth month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in August after a rise of 0.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Monday. After four years of deflation, 2017 was the first year that overall prices rose in Greece. The positive streak was interrupted early
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Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammetax rom 29 to 25 percent over four years, social security subsidies for firms who hire employees
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Mixed picture for government after first day of talks with creditors
EconomyProgrammethe compensatory measures it agreed with the lenders over four years, rather then implement them in 2019
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingThe persisting issue of non-performing loans (NPLs) was one of the key items discussed last week by the government and the institutions. In its latest report, the Bank of Greece (BoG) outlined that in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction
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General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomybillion euros. Month-on-month rises were noted in four out of the six underlying subcategories
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