ECONOMY

Alpha-Unicredit deal

HFSF confirms offer by Unicredit for Alpha's stake; To launch tender process

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

Greece in investment grade; Govt, ESM hail upgrade

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

MPI drops for seventh consecutive month in Aug

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

Expresses hope HFSF to find long-term investors to sell bank stakes

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

The divestment of HFSF’s shares in Greek banks will be credit positive

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

IMF sees growing primary surpluses in Greece ; Debt to fall to 160.2% of GDP in '24

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

Theocharis to lead Greek delegation at annual IMF meeting

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

New car registrations rise 21.6% in Sept; New cars sales +32% y-o-y

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

IMF sees Greece's economy expanding 2.5% in '23, 2% in '24

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 third straight month in Aug

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

Inflation

Sept consumer prices decelerate considerably; Food inflation continues

EU-harmonised consumer price index stoo at 2.4% down from the annual rise of 3.5% in August, while the drop in the headline CPI index was more pronounced, at +1.6% from 2.7% in the previous month.

10/10/23 • 12:25

In Brief