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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek Politics, which was meant to be completed in the summer. The Administrative Reform Ministry has now drafted... jobs during the construction phase and 75,000 jobs once it has been fully completed. Apart from
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Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
EconomyMacroeconomyhigh of 91 in Q3 2016, the index has fallen by 1.6 percent. The record high of 120.4 was posted in Q1 2010, while the lowest reading of 78.8 was recorded in Q1 2000. Since its peak, the index has
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Review demands put spotlight on Greek banks
EconomyBankingof June 2015, the IMF has earmarked an amount of 10 billion euros for potential bank capital needs... liquidations and disposals. Piraeus probe This difference of opinions between Greece’s lenders has led to much
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Athens relieved as ECB and IMF seem to reach understanding on Greek banks
EconomyBankingAthens is hoping that a dispute between the European Central Bank and the International Monetary Fund (IMF) over Greek banks has been resolved, clearing an obstacle in the third review and easing... in an interview with ANT-1 TV on Wednesday evening that the IMF has changed its position
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBanking-performing loans and derisking its balance sheet. The bank has communicated that 500 million euros... loans with property collaterals. National Bank of Greece has a decent NPL profile with a ratio of 37.3
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Industrial production rises by 5.6 percent in August after revised July growth
EconomyMacroeconomyon Tuesday. In the year so far, the IPI has remained steadily in positive territory. The increase originates... confidence has improved by 5 points. Additionally, the Markit Manufacturing PMI stayed over the 50-point
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Greek household expenditure falls by another 2.5 pct in 2016
Societythat at current price levels, average monthly expenditure on goods and services has fallen by 28.8... was in food (-17.3 percent). Since 2008, an increase has been recorded in the percentage of income
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Industrial production grows by 2.4 pct in Sept
EconomyMacroeconomyrevealed on Thursday. In the year so far, the IPI has remained steadily in positive territory. The increase..., industry confidence has improved by 1 point. Additionally, the Markit Manufacturing PMI stayed over
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Coalition appears to reach common ground with notaries over property auctions
EconomyProgrammeThe government believes that it has reached an understanding with Greece’s notaries that will lead to them calling off their strike and allowing electronic auctions to begin at the end of the month... with those belonging to strategic defaulters. He said there has been no agreement to exclude properties
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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyare seen growing by 4.6 percent and imports by 3.8 percent. Unemployment has also been marginally... that the Finance Ministry has earmarked 300 million in revenues from Athens’s old airport
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