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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgramme2018, the Eurogroup commits to provide support for Greece's return to the market: the Eurogroup agrees... build up cash buffers to support investor's confidence and facilitate market access... yield curve as it prepares to re-establish full market access. The announcement was greeted
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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomy. Industrial turnover in the non-domestic market fell by 4.8 percent, while the domestic-market showed an increase of 2.5 percent. The decline in the non-domestic market was led by falls in the turnover index
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Industrial turnover grows by 11.1 pct in October, reversing decline of previous month
EconomyMacroeconomypercent. Industrial turnover in the non-domestic market increased by 15.4 percent, while that in the domestic market rose by 7.7 percent. The growth in the non-domestic market turnover was led by increases
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesexercises in Greece’s first attempt to reconnect with the sovereign debt market since 2014... was not to generate new cash but mostly to normalise the yield curve and improve liquidity by providing the market... in the summer. According to market sources, the yield of the new 3-year could even come in below 2.5 percent
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeatureson regulatory and market reforms. Operation: “energy hub” The evolution of Greece’s natural gas... on the existing infrastructure, while continuing to build the energy market framework, will enable... is on the Greek authorities to ensure that regulatory market reforms keep pace with infrastructure
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Industrial turnover increases by 12.9 pct in November
EconomyMacroeconomypercent increase in manufacturing. Industrial turnover in the non-domestic market increased by 22 percent, while that in the domestic market rose by 6 percent. The growth in the non-domestic market
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Industrial turnover falls by 2.6 pct in December
EconomyMacroeconomypercent decline in manufacturing. Industrial turnover in the non-domestic market increased by 16.3 percent, while that in the domestic market fell by 14.6 percent. The growth in the non-domestic market
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Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
Economy-sufficiency and market-based funding”. This clean exit will be supported by the cash buffer the Finance... market. Investment is already benefitting from a concerted effort by the EU and official lenders... for Greece’s return to the markets. Moody’s also sees this market return supported by declining
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Wages index improves by 0.2 pct in Q4, up by 2 pct YoY
EconomyMacroeconomythe internal devaluation on wages as well as extensive changes in the labour market. The changes implemented..., coinciding with Greece undertaking its first bailout programme and agreeing to a range of labour market... that the crisis-era job market in Greece was characterised by low wages and part-time employment
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Industrial turnover makes strong start to year with growth of 12.7 pct in Jan
EconomyMacroeconomywith a 12.6 percent rise in manufacturing. Industrial turnover in the non-domestic market increased by 19.2 percent, while that in the domestic market rose by 7.3 percent. The growth in the non-domestic market turnover was led mostly by an increase in manufacturing (+19.2 percent) and a rise of 18.3
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