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  1. Building permits drops by 3.3 pct in Aug, up by 13.7 pct in 8-month period
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits fell by 3.3 percent year-on-year (YoY) in August compared to a rise of 12 percent in July, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed. The total number of permits came to 1,294. The corresponding surface ar...

    5%

  2. Wages index up by 3 pct YoY in Q3 2020, declines by 1.5 pct QoQ
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index turned positive by 3 percent year-on-year (YoY) in the third quarter (Q3) of 2020, following a revised rise of 3.9 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures revealed on Friday. The wages...

    5%

  3. Credit growth in November edges up to 2.6 pct, approaching 2010 high

    EconomyMacroeconomy

    Credit movement in the Greek private sector rose by 2.6 percent in November after an increase of 2.5 percent in October, Bank of Greece (BoG) figures showed on Tuesday. The increase in credit growth is now approaching the previous high of 2.7 percent no...

    5%

  4. PMI dips to 49.4 points in February as cost burdens pile up

    EconomyMacroeconomy

    Greece’s manufacturing PMI dropped to 49.4 points in February from 50 points in January, according to the latest data from Markit. According to Markit, readings over 50 indicate overall improvement, meaning that the latest figure signals worsening of op...

    5%

  5. Banks intensify balance-sheet clean up with securitisations, new bonds
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank and Alpha Bank are both moving forward with actions this week to continue strengthening their balance sheets, with the former extending its ongoing partnership with Swedish loan servicer Intrum AB. Piraeus signed a binding agreement with In...

    5%

  6. Industrial production up by 3.4 percent in January
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) rose by 3.4 percent year-on-year (YoY) in January following a revised increase of 3.5 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday. Month-on-month (MoM), the index dro...

    5%

  7. Wages index up by 4.5 pct YoY in Q4 2020, rises by 3.1 pct QoQ
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index increased 4.5 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020, following a rise of 3 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday. The wages index captur...

    5%

  8. Parties square up for all-out battle over upcoming labour bill
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Parties in Greece are preparing to do battle, as New Democracy’s long-anticipated labour bill looks set to be tabled for debate in Parliament after Greek Easter in early May. The legislation, which the government touts as a modernising reform for the be...

    5%

  9. Industrial production up by 5.5 pct in March

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) rose by 5.5 percent year-on-year (YoY) in March following a revised increase of 4.3 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. Month-on-month (MoM), the index rose by ...

    5%

  10. Updated privatisation plan seeks to make up for ground lost in 2020

    Economy

    Greece’s asset development fund (HRADF) released its updated development plan on Monday, which outlines the latest information on the 23 projects that the fund is engaged in. Based on the plans that were included in this year’s final budget back in Nove...

    5%