ECONOMY

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

Bank credit

Private sector credit expansion gathers pace in Sept; At 2.1%

Bank credit to Greece’s private sector increased to 2.1% in September from 0.9% in the previous month, central bank data showed. Credit to households was positive by 34 million euros.

25/10/23 • 17:02

T-bills

Greece sells 6-mo T-bills at slightly higher yield

Greece raises 812.5 million euros through the offering of 26-week Treasury bills which yielded 3.92% slightly up from 3.90% in the previous similar sale in September.

25/10/23 • 15:27

TAIPED

Receives one bid for Ververonta property in Porto Heli

TAIPED received a sole bid for the development of property in the “Ververontas” area of the Porto Heli village in Argolida. Goutos Ikodomiki was the sole bidder.

24/10/23 • 17:51

BoG

Demand for housing loans drops in 3Q due to end of “My Home” program

Demand for housing loans decreased in the third quarter because of the termination of the subsidized housing program “My Home.” Also, demand for corporate loans remained unchanged.

24/10/23 • 15:10

BoG

Hosts ECB Governing Council meeting Oct 25-26

The Governors of the national central banks of the euro area countries and the six members of the ECB Executive Board will meet in the main building of the Bank of Greece and will take decisions on monetary policy.

24/10/23 • 14:43

Bad loans

Debt servicers manage 89b euros of overdue loans by end Sept

Bad loans transferred to debt services reached 89 billion euros at the end of September, including 69 billion euros in loans which were sold to debt purchasers by banks.

24/10/23 • 09:04

Travel balance

Aug travel services surplus rises sharply; Visitors at 22.8m in Jan-Aug

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

In Brief