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ECONOMY
ECONOMY
Special levy - Patelis
Greece to introduce special levy for natural disasters-Official
Greece plans to introduce a special levy for natural disasters, said Alexis Patelis, chief economic advisor to the prime minister of Greece.
ECONOMY
ECONOMY
UNEMPLOYMENT
Greece’s job vacancies rose 36% y-o-y in 2Q; 13% q-o-q
Greek job vacancies rose by 36% y-o-y in the second quarter, to 37,107, the statistics office ELSTAT said.
ECONOMY
ECONOMY
ECONOMY
Greece’s import price index (MPI) drops for sixth consecutive month in July
Greece’s import price index (MPI) in industry dropped for a sixth consecutive month in July, to 14.4% y-o-y, data.
MARKETS
MARKETS
Midday equities
Equities trade higher in high volatility at midday; Banks lead rise
Stocks in Athens were higher in choppy trade at midday Thursday, with the general index visiting both territories during the session. Banks tried to claw back some of the recent lost ground. The ECB’s decision on the interest rate front is closely monitored.
ECONOMY
ECONOMY
ECONOMY
Greece’s 2Q jobless rate drops to 11.2%; Long-term unemployment at 59.9%
Greece’s second quarter jobless rate stood at 11.2%, down from the previous quarter’s reading of 11.8% and the year-ago figure of 12.4%, National Statistics Office or ELSTAT said. People-out-of work reached 533.3K. Long-term unemployment remained high, at 59.9%.
MARKETS
MARKETS
Early equities
Equities edge higher in early trade; ECB rate decision on focus
Stocks in Athens edged higher in early trade, in line with Europe’s trends.
BUSINESS
BUSINESS
Moratorium of loans
Greek banks announce 4-mo moratorium of loans to floods-affected borrowers
Greek banks announced a four-month moratorium of loans to floods-affected borrowers.
POLITICS
POLITICS
Supplementary budget
FinMin: Govt to submit supplementary budget of 600m euros for Daniel damages
Greek government will table a supplementary budget of around 600 million euros to deal with the catastrophic damages caused by the Daniel Storm, Finance Minister Costis Hatzidakis said late Wednesday.
MARKETS
MARKETS
STOCKS
Stocks close down, hitting 3-mo lows; Banks badly-hit
Equities closed down, hitting three-month lows, as investors are concerned over the cost of the damages caused by the devastating Storm Daniel.
POLITICS
POLITICS
None
Greece to mobilise extra 500-600m euros to restore road network in Thessaly
Greece will mobilise additional 500-600 million euros to restore road and rail networks in the flood-stricken areas of central Greece.
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