ECONOMY

Stournaras

Shadow economy estimated at 20.9% of national GDP

The size of shadow economy in Greece reaches 20.9% of the country's Gross Domestic Product, Bank of Greece governor says.

31/10/23 • 14:43

Eurostat

Greek harmonised CPI rises sharply in Sept; At +3.9% y-o-y

Harmonised consumer prices are expected to have risen sharply in October, to 3.9% from 2.4% in September. Euro area inflation is expected at 2.9%

31/10/23 • 13:07

Hatzidakis

Govt establishes online platform for whistleblowers

Taxpayers who report cases of tax evasion through the “Appodixi” application, can get a bonus of up to 3,000 euros, Finance Minister says.

31/10/23 • 12:50

PPI

Drops for seventh straight month in Sept on lower fuel cost

Producer Price Index (PPI) in industry dropped for a seventh straight month in September, to 4.3% y-o-y

30/10/23 • 13:08

T-bills

Greece to sell 625m euros of 6-month T-bills on Wed

Greece will seek to raise 625 million euros through the offering of 13-week Treasury bills on Wednesday, November 1, the debt office PDMA said.

30/10/23 • 10:11

Constructions

Building activity rises sharply in July; Volumes +20.6% y-o-y

Building activity was robust in July, with the number of building permits rising 7.5% y-o-y which corresponded to 20.6% higher volumes.

27/10/23 • 12:22

ECB

Lagarde praises Greek economy's return to pre-Covid levels

ECB's president said that Greek bonds are now eligible to participate in ECB's repurchase programs, as they have been excluded due to their "junk" status.

26/10/23 • 19:55

Mitsotakis

To request higher EU resources for migration and natural disaster support

The European leaders Summit which will take place Thursday and Friday in Brussels will debate the revision of the Multiannual Financial Framework 2021-2027, developments in Ukraine and Middle East, but also migration issues.

26/10/23 • 13:44

Income

Household disposable income rises 7.6% in 2022; Consumption grows 14.3%

Household disposable income rises 7.6% in 2022 to 135.9 billion euros. However, the savings rate is negative by 4.0%.

26/10/23 • 12:57

Christine Lagarde

ECB's head praises Greek economy's turnaround; Applauds Unicredit deal

Also, Lagarde stated that the offer of Unicredit for acquiring a 9.0% stake in Alpha Bank is a “clear sign of confidence.” Possibly, more deals to come, she said.

26/10/23 • 09:13

Budget

Jan-Sept primary surplus beats target; VAT stronger-than-expected

Greece posts a primary budget surplus of 6.0 billion euros in the first nine months of the year, against the budget target of 2.4 billion euros in surplus. VAT, personal income tax and ENFIA property tax exceed targets

25/10/23 • 17:54

In Brief