International reserves down 3.4% m/m in October 2016
Gross international reserves decreased 3.4% m/m (-US$ 98.0mn), while reserves were up 12.7% y/y (+US$ 311.2mn) to US$ 2.76bn as of end-October 2016, according to NBG. The decrease in reserves on a monthly basis was attributed to NBG’s FX interventions.
Property registration up 23.2% y/y in October 2016
Property registration (commercial and residential real estate) increased 23.2% y/y (+5.6% m/m), reaching 57,329 units in October 2016, according to the National Agency of Public Registry. Registration increased for primary (+59.1% y/y, 26.5% of total), as well as secondary (+14.0% y/y, 73.5% of total) properties.
Company registration up 4.0% y/y in October 2016
In October 2016, company registration increased 4.0% y/y (-9.4% m/m) to 3,830 units, according to National Agency of Public Registry. Out of newly registered companies, 95.5% were business legal entities, while 4.5% comprised non-entrepreneurial (non-commercial) legal entities.
