The Bank of Greece is drafting a plan to reduce Greek banks' non-performing loans by 40 billion euros. The plan will be included in a Financial Stability report to be released by the end of the week, according to sources.
According to IOBE survey, lower property tax to boost consumption, employment and real estate market
Investment spending on construction projects fell to 9.0 billion euros in 2017, from 33.6 billion in 2007, the Foundation for Economic and Industrial Research (IOBE) said.
Autohellas Group on Tuesday said its turnover totaled 361 million euros in the January-September period this year, from 256 million in the corresponding period in 2017, for an increase of 41 pct.
Equity prices were rising on Tuesday on the Athens Stock Exchange (ASE), with the basic share price index up 0.46 percent standing at 638.13 points at 11.00 am and turnover at 2.15 million euros.
"The pre-legislated pension cuts will not be applied as of January 1, while the package of positive measures will be higher than the 765 million euros listed in the draft budget," a senior government official said on Tuesday.
The November contract on the FTSE/ASE Large Cap index was trading at a discount of 0.29 pct in the Athens Derivatives Exchange on Monday.
Greek stocks ended lower in the Athens Stock Exchange on Monday, pushing the general index of the market below the 640-point level, hit by a wave of selling in bank shares.
Greek state bond prices remained under pressure pushing the yield spread above the 4.0 pct mark in the domestic electronic secondary bond market on Monday, on concern over developments in Italy.
Greek banks raised their dependence from the eurosystem in October to 13.2 billion euros from 12.2 billion in September, the Bank of Greece said in a report released on Monday.
The Chief Economist of the European Stability Mechanism (ESM) Rolf Strauch appeared confident that Greece can tap the markets if it adheres to reforms, in an interview.