The Greek Deal.com
ECONOMY
Natural gas
Prices are at their lowest levels since October 6th
Natural gas prices are poised to close the week at their lowest levels
Heating with electricity
Heating with electricity: Subsidy from January 1st
The subsidy will start from the beginning of the new year.
Ministry of Development
Ministry of Development: Fine of €1 million imposed on two multinational companies for unfair profit
The Minister of Development announced the imposition of a fine of 1 million euros for two multinational companies
ΙΟΒΕ
IOBE: Economic climate down in October
There was a slight decline in the economic climate, with mild weakening across all sectors except construction, recorded in October, as indicated by the Hellenic Foundation for IOBE
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.
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%
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.
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
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.
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.
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.