ECONOMY
Travel balance
Travel service balance showed a surplus of 4.1 billion euros in August up from a surplus of 3.9 billion euros in the respective month of 2022. Tourist arrivals reach 6.5 million in Aug.
23/10/23 • 14:55
Alpha-Unicredit deal
Hellenic Financial Stability Fund confirms it has received an offer by Uncredit to buy 9% Alpha’s own stake held by the bank rescue fund.
23/10/23 • 11:40
S&P
S&P has upgraded Greece's sovereign credit rating back to investment level after 13 years. The rater announced late Friday that it has raised the Greek rating to "BBB-", from “BB+" with a stable outlook.
23/10/23 • 06:53
Import Price Index
Import price index (MPI) in industry falls to 14.6% y-o-y in August, the seventh consecutive monthly decline, due to lower electricity prices.
13/10/23 • 12:49
Stournaras
Bank of Greece governor Yannis Stournaras expressed his hope the country’s bank rescue fund HFSF to sell its stake in local lenders to good, long term-investors.
12/10/23 • 16:44
Moody's
Still, Moody’s has a word of caution: the sale of the HFSF shares to National Bank and Piraeus Bank could be more difficult than the Eurobank transaction.
12/10/23 • 11:55
Fiscal Monitor
The general government balance is projected to show a primary surplus of 0.1% of GDP in 2022, 1.0% of GDP in 2023 and 2% of GDP in 2024-2025, and then to average 2.2% in subsequent years up until 2028.
11/10/23 • 14:48
IMF
Accompanying him on this mission will be Dimitris Tsakonas, General Director of the Public Debt Management Agency, and Michalis Masourakis, Greece’s representative to the IMF.
11/10/23 • 12:34
Car salers
Statistics office ELSTAT said that 19.008 road motor cars-both new and used from abroad- were put into circulation for the first time in September, while new car sales reached 9,338.
11/10/23 • 12:29
Greek economy
The International Monetary Fund estimates that Greece’s economy will run 2.5% this year and 2% next, revising its previous projections of 2.6% and 1.5% respectively.
10/10/23 • 17:13
Industry
Industrial output remains in contraction for a third consecutive month in August, recording an annual drop of 0.5%, largely due to lower electricity supply.
10/10/23 • 12:30
In Brief
Import Price Index
Stournaras
Moody's
Fiscal Monitor
IMF
Car salers
Greek economy
Industry