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PMI rebounded in September, but survey data still point to a downturn on lack of new orders
EconomyMacroeconomythat led to shortages of raw materials at suppliers. Markit analysts concluded that “Greek manufacturers
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomy. Arrears due to hospital suppliers also recorded a marked rise by 572 million YtD to 1.18 billion
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Gas provides Greece, Cyprus and Israel chance to bolster ties
PoliticsForeign Policydue to its diplomatic row with Russia, one of its major fuel suppliers. The third is to extend
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Elektroniki’s bankruptcy reflects struggles of consumer electronics sector
EconomyFeaturesLast week, electronics retail chain Elektroniki Athinon declared bankruptcy, citing a combination of a drop in demand, the capital controls introduced last year and a lack of confidence in the Greek economy by foreign suppliers as causes. Those following the struggles of the company could see
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Lenders agree new loan disbursement, piecemeal approach to debt relief
PoliticsGreek Politicsoff its suppliers and others it owes money to. The money that will go towards covering debt
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First review completed but more prior actions lie ahead for Greece
EconomyProgrammeof court settlements. · Reforms in the gas market improving the access to many suppliers
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Pending pensions mount up, complicating fiscal effort
Economy). In addition, 1.2 billion is owed to private suppliers and more than 75 million to insured workers
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Marinopoulos travails point to wider difficulties for supermarket sector
EconomyFeaturessuppliers have meant that the supermarket’s shelves were often eerily empty. Products were pushed
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Newsletter 86 - 26/08/2016
on obligations to suppliers, while tax and social security contribution arrears will be paid in full
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Greek stocks edge up 0.7 pct on week, banks rise 3.8 pct for first time in last six weeks
Economyand a haircut of 40-50 percent on Marinopoulos obligations to its suppliers. Motor Oil releases its H1
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