The Greek Deal.com
ECONOMY
BoG
Primary cash surplus of €5.77 billion in the 10M
During the period of January-October 2023, the cash surplus of the central administration amounted to €93 million, compared to a deficit of €6.399 billion in the corresponding period of 2022
Eurostat
Inflation at 3.4% in October
The annual inflation rate in the eurozone significantly slowed down in October, reaching 2.9% compared to 4.3% in September and 10.6% one year earlier.
K. Hatzidakis
An extremely positive development for the NBG and the country's banking system
"The offering of 22% of shares of National Bank of Greece to foreign and Greek investors was oversubscribed and this is an extremely positive development for National Bank and the country's banking system," Minister of National Economy and Finance Kostis Hatzidakis
IOBE
Mild weakening of the economic climate in October - Lower expectations in industry
Mild weakening of the economic climate was recorded in October, as reported by the progress bulletin in the IOBE Industry, due to deteriorations in Services, Industry, and Retail Trade.
myAADE
Faster initiation of individual business operations with implementation by any Tax Office
The Independent Authority for Public Revenue (AADE) is launching a new, automated process for faster handling of digital requests for the commencement of individual business operations, processed by AADE through the "My Requests" platform in the myAADE digital portal.
Budget
Primary surplus of €6 billion in the first 10M
The primary surplus for the period of January to October amounted to 6.084 billion euros, compared to a target of a primary surplus of 1.746 billion euros.
K. SKREKAS
Fine of €1.67 million imposed on Johnson & Johnson and Colgate
A total fine of 1,672,000 euros has been imposed on two multinational companies, following an audit by the Interdepartmental Market Control Unit (DIMEA), announced by the Minister of Development, Kostas Skrekas.
PDMA
10-year bond: €200 million from the reopening
The yield declined in today's reopening of the 10-year bond, with the bid approaching that of the October auction.
EU Commission
Strong growth until 2025 – Gradual reduction of debt
Significantly higher than the European average and consistently above 2% is projected for the growth of the Greek economy over the three-year period by the Commission, in its autumn economic forecasts released today.
PDMA
The Greek Government is proceeding with a re-issuance of the 10-year bond
At markets it comes out today Greek State with the 10-year reissue seeking to raise €200 million.
IMF
Commendations and recommendations for the Greek economy - No to wage-pension increases
Greece's economic outlook has improved significantly, with real GDP strengthening beyond the trends recorded before the pandemic, the IMF underlines in its post-mission conclusions.