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  1. HRADF development plan lays out list of actions pending for privatisations
    Photo via https://www.lamdadev.com

    EconomyFeatures

    , and that alternative scenarios for the sale of the Greek state’s share are being explored. For the Public Power... of HRADF’s 65 percent share will be opened, though no timeline is given. HRADF says that in relation... are proposed for Alexandroupoli and Kavala. A number of marinas are also under HRADF’s mandate

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  2. IMF consultation report pinpoints health of Greek banks as central to growth
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyBanking

    (IMF) took a detailed look into Greece’s banking sector, as the Fund has repeatedly stated... of the state’s holdings to the banks has been reduced to under 5 billion, leading to a potential... regulatory goal posts, and weak coordination among key stakeholders.” In the Fund’s view the quality

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  3. Industrial turnover edges down by 0.5 pct in September
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s industrial turnover edged down by 0.5 percent year-on-year (YoY) in September following... published on Tuesday showed. September’s reading is the fifth negative reading for the year so far and the second consecutive negative reading. The month’s performance was led by a decrease of 0.6

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  4. Brussels gives Athens thumbs-up for reforms and budget
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    Greece’s new government managed to successfully clear on Wednesday the first major approval hurdle..., the Commission also approved Greece’s draft budget as it complies with the post-programme fiscal commitment... of the tax cuts will push the economy up by 2.3 percent in the EC’s view, which is under the 2.8

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  5. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    Piraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing... one-off items, specifically the bank’s voluntary retirement scheme, PPI rose by 15 percent QoQ. PPI... reduction targets. He added that the bank’s efforts would be facilitated by the strategic partnership

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  6. Retail turnover increases by 4.5 pct in Sept, volume edges up by 5.1 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index increased by 4.5 percent in September, following a revised increase... month’s reading is the fourth positive reading for the year so far. The corresponding volume index... is the strongest increase in the year since March’s rise of 5.4 percent. As with sales, the volume index has

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  7. APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs

    EconomyBanking

    Greece’s much-anticipated Asset Protection Scheme (APS), nicknamed Hercules, that aims to help... and the ministry as the senior management at Greece’s lenders made it known that they were kept in dark about important aspects of the scheme. Following the approval from the European Commission’s

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  8. Business leaders set out steps to attract skilled Greeks as govt offers wage subsidies
    Photo by Natasha Pantazopoulou/Fosphotos

    Society

    to reverse Greece’s so-called brain drain. The report presents 20 suggestions for beating the trend..., and the current government is examining ways to address this. SEV’s report noted that between 2008 and 2017, up...’s businesses in order to recover from the crisis. “Brain drain reversal is critical, but to do so

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  9. Unemployment drops to 16.4 pct in Q3
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Authority (ELSTAT) figures showed on Friday. The current quarter’s rate also remains the lowest... of 18.3 percent. The current quarter’s movement was driven largely by a fall in the number of unemployed... to 572,000. Out of the total, long-term unemployed constitute 73.6 percent in Q3. The latest quarter’s

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  10. Current account lands on deficit of 673.4 mln in October, aggregate at deficit of 697.4 mln
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 673.4 million euros in October, from... million year-on-year (YoY). According to the BoG, October’s performance is primarily attributable..., with a surplus of 206 million in the aggregate period, nearly double last year’s surplus of 105 million

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