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Banks enhance steps to deal with NPLs ahead of stress test
EconomyBankingto grant new loans at lower rates, thus minimising the credit risk that has left funding stagnant
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Debt relief-for-reforms option being discussed for post-programme era
EconomyProgrammegovernment formed in Berlin. The idea of linking debt relief to reforms has been raised a number
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PMI at 52.1 in October, dropping slightly from previous month
EconomyMacroeconomyGreece’s Manufacturing PMI dipped slightly by 0.7 points in October to 52.1. Although the latest headline figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth consecutive month. The report by Markit stated that the Greek manufacturing sector entered
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Greece drops six places in global ease of doing business report
EconomyFeaturesThe World Bank’s Doing Business 2018 report showed that Greece fell several places to stand at 67 out of 190 countries surveyed. Last year’s report had put the country at 61. The latest figures represent the third year in a row where Greece has fallen in the ranking. Recent reforms implemented
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Adoptions fall by 18.5 pct in 2016 as recent decline continues
Societyadoption from Greece to the US took place. The country’s adoption framework has come under
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New overdue tax obligations up by 706 mln in September, total at 98.75 bln
EconomyMacroeconomyGreece’s new tax debt rose by 706 million euros in September, declining from August’s increase of 1.07 billion, the Independent Authority of Public Revenues’ (IAPR) data has revealed. New unpaid obligations from tax categories rose by 662 million in September, down from 938 million in August
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Tsipras rallies MPs, marks dividing lines with opposition
PoliticsGreek Politicsissues that are closely linked to the measures Athens has to adopt as part of the bailout. During
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CPI grows by 0.7 pct in October, positive for 10 successive months
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.7 percent in October, posting a slight decline from the 1 percent rise of September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. Although declining, the CPI has remained in positive territory for 10 straight months after four years
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Unemployment falls again in August, edging down to 20.6 pct
EconomyMacroeconomyof people out of work has fallen below the 1-million mark since October 2011. The overall labour
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Minister proposes way forward for auctions as pressure mounts from banks, creditors
EconomyProgrammeAfter discussions with notaries on Wednesday, the Greek government has proposed a way of overcoming concerns about their safety during auctions of properties that have been repossessed by banks. The notaries announced at the beginning of the week that they would be boycotting the foreclosure
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