BR IEF

Kathimerini English - - C O M M E N Tary -

T-bill auc­tion.

Greece sold 1.138 bil­lion euros of six-month trea­sury bills yes­ter­day to roll over a ma­tur­ing is­sue, the coun­try’s debt agency PDMA said. The T-bills were priced to yield 2 per­cent, un­changed from a pre­vi­ous sale in Oc­to­ber. The sale’s bid-cover ra­tio was 2.09, down from 2.67 in the pre­vi­ous sale. The set­tle­ment date for yes­ter­day’s auc­tion will be to­mor­row. The amount raised in­cluded 272 mil­lion euros in non-com­pet­i­tive bids. Athens has a stock of about 15 bil­lion euros of T-bills, which it reg­u­larly re­fi­nances.

Olive oil out­put.

2014-15 be­cause of the ef­fects of drought and ex­hausted trees in Spain and civil war in Syria, lifting prices in com­ing months, in­dus­try re­searcher Oil World said on Tues­day. Out­put of pressed olive oil may fall to 2.55 mil­lion metric tons in 2014-15 from a record 3.19 mil­lion tons a year ear­lier, the Ham­burg-based re­searcher wrote in an e-mailed re­port. Span­ish out­put of first-pressed oil is fore­cast to fall to 830,000 tons from 1.77 mil­lion tons, while pro­duc­tion in­clud­ing residue oils ob­tained from pressed olive pulp is seen fall­ing to 900,000 tons from 1.92 mil­lion tons, Oil World said. Ris­ing pro­duc­tion in Greece will par­tially make up for the drop in Spain, with the vol­ume of pressed oil climb­ing to 300,000 tons from 158,000 tons. Italy’s olive oil out­put is seen lit­tle changed at 455,000 tons, from 450,000 tons.

ber, ELSTAT had said the GDP re­vi­sion re­flected the use of new and up­dated data on na­tional ac­counts, in line with the new Euro­pean Sys­tems of Ac­counts (ESA 2010).

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